Banks generally require a 10% to 30% down payment, especially for non-residents [23]. Steps to Purchase

You should budget for of the purchase price in closing costs alone, which are typically paid out-of-pocket [15, 23, 24].

Older apartments ( Altbau ) may require €30,000–€40,000+ in renovations to meet modern energy standards [11, 12].

After choosing a property, you may sign a preliminary agreement and pay a small deposit (often €1,000 to 1% of the value) [27].

Most apartments are part of a Wohneigentumsgemeinschaft . You will pay monthly Hausgeld for shared maintenance and administration [32].