Transactions involving new-build properties are governed by the German Real Estate Agents and Property Developers Ordinance (MaBV), which links payments to stages of construction. This minimises risks and ensures transparency.
Payment stages:
-
25% — after signing the notarised contract,
-
28% — after the structural frame and partition walls have been built,
-
18% — after the roof, building services and windows have been completed,
-
20.5% — after transfer of ownership (shell construction works),
-
3.5% — once the property is fully completed, including infrastructure,
-
5% — the final payment after acceptance of the property and confirmation that there are no defects.
Apartments are delivered fully finished, with sanitary fixtures installed. The buyer can choose finishing materials from the developer’s catalogue.