Selling your own house: everything is fine
Image: Thomas Ebert/Laif
Real estate can still be sold at high profits despite recent price declines. Anyone who makes mistakes will pay more to the tax office than necessary.
WIf he now sells his house or condominium, he will make a high profit. The recent price declines in many areas have not changed this. Because by mid-2022, real estate prices had risen sharply. Anyone who bought ten years ago still achieved an average increase in value of more than 80 percent, as figures from the analysis company Empirica show.
Nice sums of money come together. A property that cost 300,000 euros at the time would be worth an average of 240,000 euros more. The only annoying thing is when this profit has to be taxed. Then, depending on your other income, up to 45 percent can be gone again, i.e. more than 100,000 euros. But if you are careful, you can often avoid this or at least significantly reduce the tax burden.
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