Who pays broker's fees on property in Germany - and how much do they cost?

"In Germany, buyers should be aware of significant hidden costs when purchasing property, including notary fees and estate agent commissions, which can add thousands to their budget."

"The estate agent's commission was traditionally borne entirely by the buyer in Germany, which added a substantial financial burden alongside other costs like taxes and notary fees."

"A new law that took effect at the end of 2020 means that estate agent fees are now typically split 50/50 between buyers and sellers, alleviating some financial pressure."

"Understanding who pays for the commission can greatly affect your home purchasing experience and financial planning, highlighting the importance of local real estate laws."

Read at www.thelocal.de