Important Insurances for Expats in Germany

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Insurance for Expats
Welcome to Germany – the „Insurance Country“. There are alot of different types of insurance in Germany for expats to consider. Some are compulsory, some are optional and some are not needed. We will give you an easy overview. For consulting and a market research which one suits best for you please contact us. We will start with the important insurances for Expats in Germany.   Health Insurance (Krankenversicherung) The Health Insurance (Krankenversicherung) is compulsory in Germany, if you live or work here. There are two different health care systems. The Public Health Insurance (Gesetzliche Krankenversicherung) and the Private Health
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Mistakes when buying real estate: Why houses are often unattractive as an investment

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Strong demand, low supply – rising prices. The real estate market follows the current economic dynamics and so it is hardly surprising that the price index, based on the 1st quarter of 2004 from 100 to 173 by the 2nd quarter of 2021 climbed . The curve has been rising steeply since 2014 and there does not seem to be an end to the trend at the moment. And this is exactly the reason why we recommend our customers to plan a property purchase thoroughly and not declare it as a suitable investment ies. The dangers of buying real estate
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Minimum wage, guaranteed interest rate cuts and family relief: everything that will change in 2022

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2022
In the new year 2022, numerous laws and regulations will change again – some can be beneficial for consumers and taxpayers: In the new year families will be tax relieved and the minimum wage will be increased. The guaranteed interest rate cut, on the other hand, has a negative effect on premiums for occupational disability insurance and makes company pension schemes and Riester pensions even more unattractive than they were before. New sales law from 2022 When selling goods to consumers, sellers will meet numerous new obligations from January 1, 2022. The focus is on, among other things, an update
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Legal expropriation through penalty interest and inflation

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The limit for penalty interest continues to fall: more and more banks are charging fees for larger assets. However, some financial institutions are now already demanding penalty interest from a balance of more than 5,000 euros. In addition, there is inflation or currency devaluation to an extent that can no longer be underestimated. Most of the customers who inquire with us come to us with the subject of penalty interest or custody fees. Almost everyone underestimates inflation, which causes much greater damage to our money. Inflation in Germany is higher than it has been in decades. The official inflation in
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Real estate bubble: You should be aware of these risks when buying a property

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The demand for property purchases remains high. Whether new construction, rededication or existing properties: prices have been rising in all areas for years – there seems to be no end in sight. Nevertheless, buying a property harbors risks. The price increase is currently most pronounced for one and two-family houses. The F + B -Wohn-Index According to these prices rose by 8.2 percent in the fourth quarter of 2020 compared to the same quarter of the previous year. “We are of the opinion that the ongoing corona pandemic with the second lockdown since December has generated a sustained surge in
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