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shannon127 |
If I purchase a Ferienwohnung in Germany, am I permitted to use it as a residence all year round? |
I have seen them advertised, and was curious if they are like our timeshares, or do you own the property
Additional Details
Just to be clear, I am a US Citizen who spends about 4 months in Germany per year. I would like to purchase a Ferienwohnung, but was not sure what rules they had, ie length of stay, monthly provision or even if you were locked into only certain weeks per year. Also when I am not using it, can I rent it out? Many thanks for the answers . |
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Spotti
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Normally you own the property. It is like a condo here in the States. It means you have a title for the property and it says that you own for ex. 1300/ 1000 parts of the yard together with the condo itself.
I am a native German and a banker in real estate. |
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Ken Guru
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pro_and_contra and Bimbilein are both right. But "Ferienwohnung" can also mean that you buy an apartment or house, and then you really own the property - I'm not sure if you're allowed to buy property without being an EU-resident (find it out first!!!). Anyway, if you don't possess resident status you need to obtain a (tourist) visa each time coming in even if you own property. |
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pro_and_contra
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A "Ferienwohnung" is not a Time share. It is an Apartment or maybe even a house you rent, incl. kitchen, living room, bedrooms....everything you need. Ideal for a large family or a group of people. You rent it just for your vacation, 1 week, 2 weeks, etc |
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Bimbilein
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You can buy yourself a Ferienwohnung, but that doesn't mean that you can use it year round. You would need to have a permit to be able to stay here more than 3 months at once. Otherwise, you can use it whenever you want. |
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