Simonsveedel
Overview
A new residential quarter in Cologne's Weidenpesch district, comprising 114 apartments across multiple low-rise buildings. It has a family-friendly design, with final completion expected in 2025.
High demand! This property is getting a lot of attention.
Consider acting fast if you're interested.
Building/Community Amenities
- Balcony / Patio / Terrace
- Clubhouse / Resident Lounge
- Elevator
- Gated Community
- Health Care
- Heating
- Near Public Transportation
- On-site Retail / Shops
- Park
- Parking
- Playground / Kids Play Area
- Sports Court / Facilities
- Sustainable / Green Building
Investment Insights
Legal & Ownership
Legal & Ownership Information
Ownership Structure
Ownership Rights
Full ownership rights (Freehold)
Foreign Ownership
No restrictions for foreign buyers, including non-EU citizens.
Tax Considerations
Property Taxes
Annual property tax (Grundsteuer) of 0.26-0.35% of property value. Rental income tax at progressive rates.
Transfer Tax
Real estate transfer tax (Grunderwerbsteuer) of 3.5-6.5% depending on the federal state.
Inheritance Tax
Inheritance tax rates range from 7% to 50% depending on relationship and amount.
Important Considerations
Restrictions
- No significant restrictions for foreign buyers
Required Documents
- Notarized purchase contract
- Land register entry (Grundbucheintrag)
- Tax ID number
- Proof of payment of real estate transfer tax
Financing Options
Financing Options
Financing in Germany
German banks offer mortgages to foreign buyers with stable income. The German mortgage market is known for its stability and competitive rates, especially for fixed-rate periods.
Requirements for Foreign Buyers
- 1Valid identification
- 2Proof of income and employment
- 3Credit history documentation
- 4Property valuation report
