Housing costs explode. Reason is the many luxury apartments that are being built. Buyers are often well-heeled companies handlebars that go into retirement and preferably move to the cities.
Even the name promises idyllic tranquility and pure luxury: The Lenbach gardens in Munich, the Sophienterrassen in Hamburg, Andreas Quarter in Dusseldorf.
Everywhere in Germany are currently being built in the middle of the city, new apartment blocks - which are nothing less than that, because it's rather pompous properties that promise in advertising: "More is not luxury." And where many wondering who the estimated prices can actually afford.
But the demand is there. And it's growing, with the result that the future rather more such residential palace to be built. However, this has an impact on the other residents of their respective districts. Even for them in the living is getting more expensive, even if they continue to live only in a boring block from the 50s.
Living in the city is again made attractive
"Many inner cities evolved tremendously in recent years to their advantage," says Uwe Schmitz, CEO of Frankonia Eurobau AG, one of the largest property developers, who also created and especially those luxury accommodations.
After the war, were there quickly and hastily new apartment blocks have been raised, equipped spartan and rarely constitute architectural highlights.
But in recent years, the city planners have done a lot, living in the city again to make it attractive. For example, the center of Düsseldorf is the construction of the tunnel moved closer to the Rhine river. That should make the city more livable.
20,000 euros per square meter - Setai condos Miami Beach
And now leads to the desired result. People want to stay there again, even and especially those with high incomes or large assets. "Many managers who have earned over the last ten to fifteen years, put a lot of money, now to rest," says Schmitz, "and they do not want to retire to spend in the country, but in the middle of the city." He counts them to the main clientele, the newly built luxury apartments buy.
For only they can afford real estate, where the price per square meter, as in Hamburg, starts at 7000 Euro and which are at least 100 to 120 square meters. In Munich, for apartments in this category are particularly attractive locations now even prices of up to 20,000 euros per square meter required. And paid.
From 1 January next year, property taxes will become much more detrimental. Indeed, many new taxes should enter into force in the coming days.
Rates are low, prices fall, and yet it is really time to invest in real estate? The year 2013 is fast approaching and, from 1 January, the tax may be less attractive to owners once the draft 2013 budget vote. A review of the changes to come.
The device Duflot more restrictive than the Scellier
The government expects the tax rate reduction will be 18% in France and 29% overseas investment and will last between 9 and 12 years, with perhaps a bonus for buildings with very high energy performance. It is superior to conventional Scellier (13% over 9 years) and Scellier intermediate (17% over 12 years and 21% over 15 years). But the total investment shall not exceed EUR 300 000.
However, access to the device will be more difficult for investors. Rents of dwellings built will be capped and 20% lower than market rents, a more restrictive threshold than the Scellier. A real headache for real estate professionals because there is no tool to determine what city by city market price.
A-taxation of capital gains
MEPs adopted an amendment raising taxes on real estate gains . They decided to apply a surcharge on real estate gains (principal residence excluded), previously taxed at 19%, 2% from 50 000 3% 100 6% 000 to 250 000 euros.
The buildable land more heavily taxed
Gains on building sites will be submitted from 2015 onwards, a progressive scale of income tax.
To cause "shock land" and encourage owners to sell in 2013 and 2014, taper relief on the duration of the detention of the land, up to the total exénoration after 30 years, is deleted.
A tax to fund archaeological
A new tax will affect individuals by building their flag . Leaning against the development tax, this fee is used to finance the diagnosis and study of archaeological remains buried in the basement. According to government estimates, the increase in the tax planning would amount to about 9% in the provinces and 7% in Ile-de-France. The first 100 square meters of construction will be exempt. Which ultimately will lead taxpayers to pay 277.20 euros for the conctruction a pavilion of 150 m2 and 314 euros province in Ile-de-France.
Charges dropped
However, some good news to report. Owners will thus avoid both taxes.
Luxury real estate is doing well
The deputy PS, Mathieu Hanotin had presented an amendment to tax the real estate purchases . The tax was 1% for a good equivalent or greater than one million, 2% for goods of two million, and so on up to 10% for purchases of goods in excess of 10 million euros
The tax on housing "under-occupied" abandoned
The amendment concerned the housing "under-occupied" . An annual fee of 5% for these units in urban areas experiencing a marked imbalance between supply and demand should be established to "unassigned furnished accommodation to the main house" . That rate was calculated from the cadastral rental value of housing. Finally, the government gave up defending this text MPs pressure PS.
A tax on vacant housing already exists but the government decided to harden and expand the agglomerations of more than 50 000 against 20 000 currently.
