New Changes in German Real Estate Legislation

1. Ban on Cash Transactions: Since 2022, real estate transactions can only be conducted through non-cash payments to combat money laundering.
2. Real Estate Tax Reform: Starting in 2025, property owners must update data about their properties to ensure fair taxation.
3. Support for Renters:
   • The “Wohngeld Plus” program increased housing subsidies.
   • Energy price caps have been introduced to reduce utility costs.
   • A CO₂ emissions tax, now paid by landlords, encourages energy-efficient technologies.
4. Renovation of Older Buildings: Owners are required to modernize properties with low energy efficiency to meet new energy standards.
5. Realtor Fee Changes: Realtor fees are now paid by the seller, not the buyer, reducing financial burdens for homebuyers.
6. Tax Adjustments: A revision of the property transfer tax aims to simplify home purchases.
7. Nationalization of Large Landlords: In Berlin, initiatives are being discussed to transfer major rental properties to public ownership to ensure affordable housing.

These reforms are aimed at increasing market transparency, protecting renters, and encouraging energy efficiency improvements.