Are foreigners allowed to own property in Germany?
When we asked expats in Germany if foreigners are allowed to own property, they answered...
"Yes, foreigners are allowed to own property in Germany. Non-EU citizens must obtain a residence permit in order to purchase property in Germany, while EU citizens are allowed to purchase property without a residence permit. However, non-EU citizens may only purchase one property in Germany, and it must be used as their primary residence. Additionally, non-EU citizens must prove that they have sufficient financial resources to purchase the property and to cover their living expenses in Germany," said another expat in Germany.
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Are foreigners allowed to own property in Germany?
If you live in Germany, newcomers to Germany would love to hear your answer to this question:
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.