Building permit
In order to implement a construction project by public law, a building permit must be submitted.
Loan value
Properties are financed by financial institutions up to the loan value, which is below the actual value of the property. This is to ensure that, despite the eventuality of falling house prices in the future, sales price can be achieved with which the loan amount can be completely repaid.
Operating cost
The running costs of a property are called operating costs. These include, for example, heating, maintenance, costs for garden maintenance and cleaning services and property tax.