Is it possible to buy a house in Germany for 50 thousand euro or less?

Germany is considered to be one of the most expensive countries in terms of real estate value. However, prices are not that high in all regions. In some regions, one can find a decent apartment for 50 thousand euro or less. For example, in Düsseldorf it is possible to buy housing from 25-30 thousand euro. However, in such situations it is important to be especially attentive to the quality of the purchase - living conditions, the presence of debts of past owners, etc.

What to look for when buying a budget apartment in Germany?

If you have planned to buy an apartment in Germany, the cost of which does not exceed 50 thousand euros, then you should make sure in advance that there are no risk factors involved.

Some of the important factors:

The condition of the building in which the apartment is located. Quite often, budget apartments are sold in old houses that require major repairs.

The condition of the apartment itself. If the apartment is inexpensive, then it is likely that it has problems with utilities, decoration, etc. To hide them, the owners often carry out cosmetic repairs before selling. However, after a short period of time, all these shortcomings become obvious.

No mortgage involved. There are situations when owners sell housing for which they have not yet paid. They choose a buyer who is not aware of the legal aspects of such a transaction (for example, a migrant), and also lower the price to attract more attention.

If you cannot independently assess how profitable a deal really is, then it is better to involve a qualified specialist. The best option is to use the services of a trusted realtor.