"For 100 square meters - preferably with your own garden - you have to dig deep into your pockets in Germany. The most expensive properties are in the south, mainly in Munich as well in the far north in the district of Nordfriesland. A house or apartment of this size costs around 1 million in these places. For example, a luxury ground floor four-room, 105 square metres apartment with a garden in Munich's Obermenzing suburb costs just under 1.3 million"
"Very few people have that kind of money sitting in their bank. But even getting a mortgage would be unaffordable for most people. And remember - this is Germany. There are plenty of hidden costs you have to consider when buying a home. In addition to the actual purchase price of around a million euros, there's the property transfer tax, which is between 3.5 and 6.5 percent of the purchase price depending on the federal state."
Expect to pay around €1 million for a 100 square metre home with a garden in high-demand German areas such as Munich or Nordfriesland, with luxury examples exceeding €1.3 million. Buyers face additional fees including property transfer tax (3.5–6.5%), broker commission (at least 3.57%), notary and land registry costs, bringing typical extra costs to about 12.5% of the purchase price (€125,000 on a €1 million property). Typical German buyers finance such purchases with approximately 13.6% equity (about €153,000) and cover the remainder with a mortgage, making ownership unaffordable for many.
Read at www.thelocal.de
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