Low mortgage rate in Germany may be of interest to Russians. Such a loan is given even to non-residents of the country
The purchase of mortgaged real estate is chosen by an increasing number of Russians. So, in 2018, they broke the record of their activity, receiving more than 3 trillion rubles, which is one and a half times more than in 2017.
At the same time, the bank rate of 8.5-9.5% is low by the standards of the domestic market, but high in comparison with other countries. For example, the mortgage rate in Germany is only 1.9%. Despite the fact that non-residents of the state without income in its territory can not get a mortgage, there are legal ways to bypass this rule and obtain a loan for housing at favorable interest rates. Read our article how to do it.
On the one hand, Germany has a low mortgage rate. On the other hand, it is impossible for non-residents of the country to obtain such a loan. But there is a way
As already mentioned, persons without income in Germany can not get a mortgage here. However, according to the managing partner of Munich company Kaiser Estate Boris Bronstein, this problem is solved in a simple way. German authorities issued a mortgage on an investment property, registered in Germany companies. This category includes offices, shops and even student housing. By the way, the growth of the last segment in Europe from 2013 to 2015 amounted to 87%, and Germany has more than 5 million students.
The process of business registration in Germany takes only a couple of hours. If desired, a couple of weeks before you can pick up the object, prepare the necessary documents and get a mortgage loan.
What is especially convenient — it is not necessary for these operations to be present in the country. The progress of the case can be monitored remotely.
Important detail: German banks enter into lease agreements for years, and commercial agreements for a period of 5 to 15 years with the prescribed conditions of impossibility of its rupture unilaterally.
Germany is an ideal country for real estate investments. Low interest rate, reliable banks (in the country since 1900, not a single bankruptcy has been recorded) and a thorough check of all the objects of the loan — these are the three pillars on which German mortgage is held.
Also read our article about the state of Turkish real estate market. You can find information about prices, cities with the most profitable objects and legal nuances of real estate purchase in Turkey.