New regulations and laws are coming into force at every turn of the year. From January 1, 2021, for example, many different rules will apply in the real estate sector, some of them with monetary benefits for many residents in Germany. New distribution of the brokerage commission (Maklerprovision) Whoever buys a single-family house or an apartment will in future only have to pay a maximum of half the brokerage fees (Maklerprovision). This regulation even applies from 23 December 2020 - a kind of early Christmas present! The aim of the measure is to prevent sellers from passing on the full brokerage commission to the buyer in future. If the seller and buyer commission a broker by mutual agreement, the costs for the broker will be shared automatically in future. Each side pays thus half of the commission. A brokerage contract will have to be done in writing. This is also possible in the form of an email. A verbal agreement as before is no longer sufficient. Applications for construction child benefit (Baukindergeld) extended The deadline for the construction child allowance (Baukindergeld) is extended by three months until March 31, 2021. Originally, the deadline was December 31, 2020. Residents in Germany can benefit from the Baukindergeld if between 1. 1.2018 and 31.3.2021 they:
With the Baukindergeld, the state promotes the construction or purchase of owner-occupied housing for families with children. Parents can receive 1,200€ per child per year for ten years. However, the aid is subject to certain conditions. Learn more here. Improved housing subsidy (Wohnungsbauprämie) On January 1, 2021, the housing construction premium (Wohnungsbauprämie) will rise: the subsidy itself as well as the income limits will be raised significantly from that date. That means that in the future, more residents would benefit from state aid. The maximal subsidy amount rises for singles from 512€ to 700€ per year. For couples the amount increases from 1024€ to 1400€. The income limits are also rising: Singles then have the right to the subsidy up to a taxable income of 35,000€, for married couples the limit is 70,000€. The currently valid values are 25,600€ and 51,200€ respectively. Source: focus.de CategoriesAll Family Finance SELF DEVELOPMENT SHOPPING Archives November 2020 Related articles |