Real estate investment in germany

[AlexInGermany]

is it good idea according your experience?

due to Mietbremse and similiar things in big cities like Berlin
if someone moves in and does not pay, difficult to evict

any experiences with owning and renting out?

[alison]

I am in a short-term furnished rental since I just arrived in Berlin at the end of January. My neighbor across the way told me that the previous tenant had lived here 37 years, but that the landlords claimed Eigenbedarf and kicked her out. The place stayed empty for a few months, and then they started with the short-term rentals. Perhaps this behavior is illegal? But I suppose that Eigenbedarf is a sure-fire way to evict tenants.

-- Alison

[Robinson100]

From what I`ve heard, renting out a furnished flat is the best option, as the rules and regulations are more relaxed.
However, I am not an expert in the field!

[AlexInGermany]

I am in a short-term furnished rental since I just arrived in Berlin at the end of January. My neighbor across the way told me that the previous tenant had lived here 37 years, but that the landlords claimed Eigenbedarf and kicked her out. The place stayed empty for a few months, and then they started with the short-term rentals. Perhaps this behavior is illegal? But I suppose that Eigenbedarf is a sure-fire way to evict tenants.

-- Alison

Yes that sounds illegal
If he did eigenbedarf than should have moved in apartment himself
He can face fines if sued by tennant , especaily for so long rental, fine can be quite significant
To kick out elderly person who lived there so long even if law allows is brutal

[MadAxeMurderer]

I would not invest in Germany right now.

I know, I know you can die of old age waiting for the price to dip in Germany. But before the Iran war I thought we were due a correction. Now due a collapse.

I did however buy 4 apartments in Nürnberg 18 years ago. I rent 2 out furnished, and 2 regular.
I make a lot more profit on the furnished. Faster turnover but my agency HC24 keeps them full.

One of my tenants came with the apartment, and she'll probably leave in a box. One of my unfurnished.

[AlexInGermany]

I would not invest in Germany right now.

I know, I know you can die of old age waiting for the price to dip in Germany. But before the Iran war I thought we were due a correction. Now due a collapse.

I did however buy 4 apartments in Nürnberg 18 years ago. I rent 2 out furnished, and 2 regular.
I make a lot more profit on the furnished. Faster turnover but my agency HC24 keeps them full.

One of my tenants came with the apartment, and she'll probably leave in a box. One of my unfurnished.

why should Iran issue decrease price? if more Iranian refugees come the shortage of apartments will be there and price will increase or?

[Franklan]

why should Iran issue decrease price?

You cannot increase your income by increasing the rent when your tenants are unemployed due to a worldwide economic crisis.
If owning a house is not considered a lucrative investment anymore, house prices will drop.

[alison]

I am in a short-term furnished rental since I just arrived in Berlin at the end of January. My neighbor across the way told me that the previous tenant had lived here 37 years, but that the landlords claimed Eigenbedarf and kicked her out. The place stayed empty for a few months, and then they started with the short-term rentals. Perhaps this behavior is illegal? But I suppose that Eigenbedarf is a sure-fire way to evict tenants.

-- Alison

Yes that sounds illegal
If he did eigenbedarf than should have moved in apartment himself
He can face fines if sued by tennant , especaily for so long rental, fine can be quite significant
To kick out elderly person who lived there so long even if law allows is brutal

I wonder if the law requires the landlord to make a Wohnsitzanmeldung at the address where they claim Eigenbedarf? That would make sense. A landlord should not evict a tenant because a friend visiting from out of town wants to stay there for a week.

-- Alison