Local authorities in the district of Warendorf are prioritizing a consensual resolution regarding the future of the dilapidated property situated on the B55 in Benteler. While the structure has drawn public scrutiny due to its state of disrepair, officials have clarified that vacancy alone does not constitute sufficient legal grounds for an immediate demolition order. … Read more
The German real estate firm Dawonia has acquired a fully leased mixed-use property at Walter-Sedlmayr-Platz in Munich-Feldmoching, marking a strategic addition to its portfolio within the challenging current transaction market. The asset, previously held by Aberdeen Standard Investments—now operating as abrdn—was sold as part of a transaction managed by the Munich-based real estate advisory firm … Read more
Frankfurt. For property owners, navigating the complexities of rental income taxation can experience like learning a new vocabulary – depreciation, acquisition costs, maintenance expenses. However, the effort is worthwhile. Landlords aren’t simply required to declare their rental income; they can also offset a wide range of expenses, significantly reducing their tax burden. Understanding these allowable … Read more