In many regions of Germany, the broker's commission is the largest part of the additional costs when buying a property.
Nowhere else in Europe is the price for mere placement so high.
It is estimated that Germans pay around six billion euros in commission every year.
Now that's about to change.
Because on December 23rd, a new era in real estate brokerage begins.
For the first time since the first regulations for "brokers" came into being in the middle of the 19th century, the brokerage fee for property purchases in Germany is regulated by law.
WELT explains what's in it for you.
If the buyer and seller renegotiate the commission, there are interesting effects.
A calculation example: