Berlin Property for Sale
A web resource for overseas buyers looking to invest in Berlin propertyBerlin Property for Sale
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| Letting and Managing a Property | ||
| A management company can be engaged to oversee all aspects of the running of the property including locating tenants, collecting rent and handling the yearly accounts. The typical cost of this service is around €18-20 each month. Many estate agents also provide this service. |
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In
addition, apartment owners normally pay into a fund for the maintenance
of communal areas within the building. The typical contribution
is between 0.25 cents to 0.50 cents per square metre per month.
As a rule of thumb, total running costs will work out at between
8 to 10% of the rental income. |
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