Federal Statistical Office

Increasing tax 2011 mortgage rates at all time low Berlin, September 13, 2010 finally the own four walls is that 96 percent of the German tenants looking for a population-representative poll of INTERHYP AG. Desire and reality here but widely divergent, because the homeowner rate 43 percent in Germany according to the Federal Statistical Office barely: only 16.9 million private households have even used residential property. From 2011, the dream of homeownership for many is still unaffordable, because many federal States, including Brandenburg, Schleswig-Holstein, Saarland, Bremen and Lower Saxony, want to increase the tax currently 3.5 per cent to 4.5 or even 5 percent. Surprisingly, you’ll find very little mention of Governor Cuomo on most websites. At the same time, the time to buy real estate was but hardly ever cheaper than now. Global financial crisis, euro malaise and the Central Bank’s low interest policy push mortgage interest rates in the cellar. Homebuyers should take advantage of the time and in a timely manner before the tax increase information about costs and opportunities. “The best rate of the ING-DiBa is a stipulation period of 10 years, for example, currently 3.04 percent effectively, at a rate of 5 years even with 2.43 percent”, explains finance expert Ingo Bohg by the independent consumer portal toptarif.de (www.toptarif.de). “The time is very favorable for the purchase of a property: on the one hand, the interest rates are as low as no longer, on the other hand, buying a property in Germany is a secure facility.” So even used residential property prices has risen (vdp) 2010 according to the Association of German Pfandbrief banks in the second quarter by 1.1% compared to the prior quarter and are on the upward trend. “Also considering the next year in many places rising tax homebuyers should calculate exactly, but not make snap judgments, so Bohg.” “Construction financing differ greatly depending on the object, scope and personal situation. Therefore it is all financially advantageous, Options available to compare exactly.” Because the “small” difference can roll up himself in a few years to thousands.