Germans went with a global trend and legalized cryptocurrencies. Digital money is legal in Britain, Switzerland, Estonia and the UAE, as well as in the states of New York, California and Florida. In Germany it is possible to purchase with bitcoins and other altcoins not only virtual services like access to a game portal or subscription to an online cinema, but also something more serious. For example, real estate.
1. Do I need to pay taxes on purchases for cryptocurrency in Germany?
Yes. Cryptocurrency is equated to regular currencies (i.e. fiat money) from the point of view of taxation. When purchasing a product or service, you must pay value-added tax. At the same time, in Germany, bitcoin and other digital money do not need to pay a tax on capital outflow (unlike in the United States, for example, where it is considered property).
2. Can I get buy a real house for "non-existent" money?
Yes, you can. It is difficult for us to imagine this, since digital money is not something that you can "touch", roughly speaking. Meanwhile, we often do not cash out the money that is on our cards and accounts. Instead we buy goods and services by simply applying the card to the reader. In this sense, bitcoin or other well-known altcoins are essentially no different.
We can give another example from human history: initially, there was only natural exchange in society. Over time, an alternative was needed, as it is simply inconvenient to carry everything that you have on your farm. So there was gold. Later, people realized that gold and silver money is also inconvenient to carry around all the time. Humanity has switched to various paper currencies, bonds, and other means. Now, in philosophical terms, the same shift is gradually taking place: we are replacing paper money with electronic accounts and international digital currencies.
3. How does a real estate transaction work when paying with cryptocurrency?
Basically, the same as a regular transaction. Digital money is transferred to the seller's account through a system of smart contracts that are recognized as valid in the EU. The transaction is registered with a notary, and the change of ownership is recorded in the unified real estate register of Germany. Which, by the way, is completely closed: data from it can only be obtained by a notary and only upon a reasonable request. In this sense, Germany is considered one of the most reliable replacement airfields in the world.
4. How common is the practice of buying real estate for cryptocurrency in Germany?
So far, Germans are only gaining experience. Since the summer of 2018, we have recorded more than ten transactions.
Mostly for crypt, houses are put up for sale by convinced crypto-enthusiasts. They take the bitcoin exchange rate for the current day, and if an apartment costs €800,000, it means that today they will register 112 bitcoins (the bitcoin to Euro exchange rate at the time of writing was 14,520).
From the point of view of an ordinary German citizen, nominating the price of a house in the crypt also seems quite exotic. But the situation is changing very quickly – I think that in the next few years, bitcoin and other altcoins will take a significant market share.
5. The exchange rate of bitcoin is constantly jumping, and the owner of the property may refuse to sell it for digital money. What should I do?
Indeed, the experience of calculating cryptocurrency for real estate is relatively small. The volatility of digital money also plays an important role. Of course, it is not necessary to transfer euros specifically to cryptocurrency in order to buy a house in Germany for it. But if the savings are already stored in the crypt, you can seriously consider this option.
Recall that the first crypto-enthusiasts bought 700-800 bitcoins per dollar. Today, their long-standing minimum investment may turn in a serious acquisition. If the owner of the property does not want to sell the property for bitcoins, you will most likely need to select something else. Or exchange digital money for fiat money.
6. I have 150 bitcoins. What can I afford with this money?
Today, one bitcoin costs 14,520 euros (please note that the exchange rate changes every day). So you have 2 million euros. With this budget, you can easily buy a three-bedroom apartment in, let’s say, Munich or a commercial space. Renting out real estate in Germany brings an average of 3-6% per year, depending on the type of real estate and its location.
Examples of real estate in Germany:
1 575 000 €
Flat in Berlin, Germany
137 sq.m543
Apartment in a new residential project, which is being built in the business district of Berlin, a 10-minute drive from the city center, on the border of the Mitte and Friedrichshain districts. Two towers will rise above the embankment of the Spree, providing residents with magnificent views of the river and the city. The ensemble of houses will...
NF Group
397 000 €
Flat in Berlin, Germany
50 sq.m11
The Wohnpanorama residential project is a comfortable city life with a view of the Am Gleisdreieck Park, located in a bright and fashionable area of Berlin. Here Berlin appears exactly as many people like it: colorful, diverse, never boring, with interesting bars, restaurants and cultural events. A park area of more than 30 hectares with bike...
NF Group
4 000 000 €
Shop in Nuremberg, Germany
1200 sq.m
Supermarket in the city center
Equity capital: from 1.1 million euros
Leverage: to be agreed with a German bank with the support of BiG Property.
Supermarket with bakery located in the city center in a developed region of Germany. The discounter was built in 2014 in accordance with modern building regulations and the current architectural...
BiG Property
5 800 000 €
Shop in Saarbrucken, Germany
3000 sq.m
CreditBusiness on sale
Shopping center with anchor tenant ROSSMANN
The shopping center 20 km from the French border is located in a residential area. The favorable location and a modern parking lot with 134 parking spaces ensure a constant flow of shoppers. The purchasing power in the shopping center's catchment area is significantly higher than the German...
BiG Property
2 500 000 €
Commercial property in Leipzig, Germany
2220 sq.m
URGENT SALE!The object is the main shopping center in the infrastructure of the city. Anchor tenant NORMA, lease agreement from 1994 to 31.12.2023, not including renewal options. The total duration of lease agreements for all tenants is 5.8 years, without the right of termination. There is an approved financing of 1.200.000€ at 1.75%, the rate...
NF Group
415 000 €
Flat in Frankfurt-am-Main, Germany
45 sq.m211
Apartments in a new building near the Central European Bank - Ostend district.
The residential complex, consisting of several high-rise residential buildings and a garden, offers its residents the concept of modern comfortable housing with a roof terrace and concierge services. All apartments are equipped with a balcony, loggia or terrace....
Estate-Service24
670 000 €
Commercial apartment building in Gelsenkirchen, Germany
463 sq.m6.04% per year
Online ViewingRemote Transaction
Apartment house in the very center of Gelsenkirchen, 3 minutes from the central pedestrian street.
Apartment house for 8 apartments. In 2021, repairs were made. (cost including repairs).
Rental income is 40,470 euros/year.
Year of construction 1911/1965/2003/2021
Number of floors 1-2-3-4
Living area 463 m2
Commercial/residential...
DEM GROUP GmbH
7 200 000 €
Commercial apartment building in Germany
2957 sq.m
Germany
Federal State of North Rhine-Westphalia
Apartment house (4.5% per annum)
Apartment house in a city with a population of 55 thousand people, 20 km from Dusseldorf.
Excellent transport links
A great place where there are many new buildings
Land area: 4,249 m2
Total area of the building: 2957m2
Year of construction...
INDOM
13 500 000 €
Hotel in Berlin, Germany
7460 sq.m
Germany
Berlin
Hotel in the center of Berlin
The hotel is located on the busiest street in the center of Berlin (the western part of Berlin), within walking distance from the famous Ku'damm Boulevard (300m), Fasanenplatz Square (400m).
The Berlin Zoo and KaDeWe, one of the oldest department stores in the world, are located...
INDOM
425 000 €
Flat in Duesseldorf, Germany
50 sq.m2
Remote Transaction
the house is planned to be built in 2023.
location
Flingern-Nord, one of the most popular residential areas of Dusseldorf, is located east of the city center.
There is absolutely everything you need for a comfortable and measured life nearby.
Supermarkets are within walking distance.
Lots of public transport stops are always very...
DEM GROUP GmbH
61 500 €
Flat in Duisburg, Germany
59 sq.m2
Remote Transaction
2.5 rooms
floor 3 OG, WE 8
Hausgeld: 190 Euro
Rental income actual 2760 (~ 4.48%) €
The apartment needs renovation.
The commission for the buyer is +3.57% to the cost of the object.
Details on request.
DEM GROUP GmbH
3 100 000 €
Office in Frankfurt-am-Main, Germany
949 sq.m3.9% per year
Business on sale
Description: a package of commercial premises in a new project in the suburbs of Frankfurt am Main with long indexed lease agreements. Yield: 3.9 % Equipment quality: high Lease agreement: with anchor tenant - 20 years Total leased area: about 949 m2 Year of construction : 2021 Location: the facility is located in the suburbs of Frankfurt am...
Estate-Service24
984 000 €
Flat in Berlin, Germany
77 sq.m211
Credit
We present to your attention a modern bright 2-room apartment in the prestigious district of the western part of Berlin, Charlottenburg. The apartment is located on the 3rd floor. The house is new 6-7 floors, there is an underground parking. The beautiful design resembles a palace with two towers and private gardens. Despite the large total area...
EW Real Estate
830 000 €
Commercial apartment building in Gelsenkirchen, Germany
870 sq.m6.03% per year
Online ViewingRemote Transaction
Well-maintained object, in good condition.house of 196712 apartments5 floorscentral gas heatingthe apartments have high-quality tiles and laminate flooringModern double-glazed windows are installedWith a full lease at a price of 6.50 - 7 euros per square meter, the annual income will be from 62.946 to 67.788 euros.The commission for the Buyer is...
DEM GROUP GmbH
430 000 €
Commercial apartment building in Duisburg, Germany
496 sq.m6.46% per year
Online ViewingRemote Transaction
Apartment building in Duisburg
The house area is 476 m2
5 apartments are rented out
2 parking spaces are rented out
4 floors
The object is completed and brings in a year: 27.780 Euros (6.17%)
When buying, you can raise the rent to 32340 Euros
The commission for the buyer is + 3.57% of the cost of the object.
Details on request.
DEM GROUP GmbH
640 400 €
Flat in Berlin, Germany
40 sq.m
A new residential project is being built in the heart of Berlin in the popular Wilmersdorf district. The location is ideal: 5 min walk from Olivaer Platz and Kurfurstendamm, near two U-bahn stations, two parks and all the necessary infrastructure. There is a constant high demand for high-quality housing and rental, so the project is attractive...
NF Group
240 000 €
Flat in Berlin, Germany
55 sq.m
Online ViewingRemote Transaction
Apartment for sale in Berlin
The house was built in 1971. In 2017, the facades were completely redesigned and the balconies were renovated.
The apartment for sale is located on the 3rd floor. The house has an elevator!
The living area is about 54.92 sq. m. The apartment is divided into a bedroom facing the courtyard, a living room with...
DEM GROUP GmbH
849 635 €
Flat in Berlin, Germany
125 sq.m4
We present to your attention new 2-4-room apartments in Berlin, in the Kepenik district. At the moment, the construction of the house is underway, which will be completed in the 1st quarter of 2025.
The house is being built in a quiet side street, using the gap between the buildings, including the construction of two side wings, with...
EW Real Estate
6 500 000 €
Commercial property in Stuttgart, Germany
6257 sq.m
The anchor tenant is the NP supermarket chain, owned by EDEKA Group. Lease agreement until 2048, without the right to terminate until 2038. Location: Stuttgart is the capital of the state of Baden-Württemberg, one of the most important industrial centers in Germany, as well as an important cultural center.
About 600 thousand people live in...
Mercury Group
199 300 €
Flat in Germany
51 sq.m211
The colorful “To Huus” consists of seven low-rise apartment buildingsand well-maintained outdoor facilities with a system of paths, communal open spaces and play areasParking spaces for cars and bicycles. The solid new buildings with a simple facade were built in 1969 and 1987built and modernized in terms of energy efficiency in the 2000s. A...
