It will soon be impossible to buy real estate for cash? Germany is preparing a new law

In Germany, a new law is being prepared that will prohibit real estate transactions for cash. The purpose is to prevent money laundering.

The country’s Minister of Finance Christian Lindner told about the forthcoming veto to the cash in real estate. He said it was decided to focus on this sector after a national risk assessment. 

Germany, by the way, currently chairs the Financial Action Task Force (FATF). At a meeting of that organization, a German official made a similar statement. 

FATF is now investigating how Germany has fought financial fraud throughout history — a report on the subject will be released in August. 

Apartment, house, and villa. A selection of luxury housing with a twist in Germany

Apartment with access to the garden in Bavaria

This luxurious 260 sq. m. apartment is waiting for its owner in Bavaria, the largest federal state of Germany. The region is famous for its picturesque villages, medieval abbeys, baroque architecture, and of course the alpine landscape. No wonder that it is one of the favorite places among tourists.

What’s inside the apartment — a large living room with fireplace, kitchen, 4 bedrooms with bathrooms, office, guest toilet, laundry room, two terraces. Judging by the photo, from the windows you can see the beautiful garden — access to its territory, by the way, also organized. Plus, there is an underground garage with 2 car spaces.

The price is €5,500,000.

3-room house in Hamburg

In front of you is the former waterworks on Falkensteiner Ufer, built in 1859. Thanks to a preservation order, it was transformed into a modern mansard building in 2019-2020.

In the photo you can notice that along with the new architecture there are traces of the former structure in the form of old masonry. And this gives the place a special charm. 

The living area of the loft is 300 sq. m., which gives you an opportunity for imagination in space organization and favorite interior solutions. The first floor has a spacious living-dining room, an open kitchen, two rooms, a shower room and a utility room. From here you also have access to the upper floor.

The attic has a large bedroom with an adjoining bathroom, which is equipped with a sauna. And right from the sauna you have a view of the River Elbe. 

The price of this property is €4,250,000. 

Spacious villa-hotel in a former village

This luxury villa was designed in 1969. It is located in the former independent village of Wellingsbüttel. It is now a quarter in the Wadsbeck district of Hamburg. «It’s like being in the woods» is the impression usually shared by those who visit the Wellingsbüttel. It is possible to believe these words, because there are really a lot of plants and trees on the plot where our villa is located.

Judging by the description, the space can also be used as a hotel. There are 10 rooms and 3 bathrooms. All rooms open onto the garden. The living space is extended by a terrace, where you can enjoy fresh air at any time of the year. Security is provided by an electric gate and alarm system.

This villa is worth €3,400,000.