Hmm. If that's how it turns out, I'll probably rent it out for now. And if I don't spend the money on living expenses, I'll use it to buy some cheap stocks.😉
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@NichtRelevant Let's see if renting out property will be a solution when the wave of expropriation (via tax hikes) sweeps through Germany. 🫣
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•@Epi Yes. Good regulation. At the moment, the harsh tightening of regulations is really more in the area of rental law and not (yet) in tax law. The 10-year holding period for sales (of privately held properties) is still in place, and as of now, it’s still possible to effectively adjust depreciation through remaining useful life appraisals.
Over the next 2–3 years, I’ll continue to expand my portfolio in Germany. After that, however, I’d actually like to diversify abroad precisely because of the increasingly unpredictable political factors. I’ve taken the first step (in my case, the Czech Republic), but my position there is still very small. And it’s not necessarily easy there either. Although there’s no real estate transfer tax there, interest rates are higher and rental yields are generally (still) lower than here. So diversification would be more of a hedge than a truly profitable investment.
Over the next 2–3 years, I’ll continue to expand my portfolio in Germany. After that, however, I’d actually like to diversify abroad precisely because of the increasingly unpredictable political factors. I’ve taken the first step (in my case, the Czech Republic), but my position there is still very small. And it’s not necessarily easy there either. Although there’s no real estate transfer tax there, interest rates are higher and rental yields are generally (still) lower than here. So diversification would be more of a hedge than a truly profitable investment.
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