Bremen Parliament: Real estate transfer tax rises to 5.5 percent

Commonly known as a “welcome tax”, a real estate transfer tax is an amount that must be collected by the municipality upon the transfer of real estate property, whether by sale, bequest, gift or others, as provided for by the Real Estate Transfer Tax Act. Usually, said amount must be paid by the new owners within 30 days... Source

When buying houses, apartments or land, Bremen residents must prepare for higher additional costs. On Wednesday, the city council raised the property transfer tax to 5.5 percent.