The short answer is: YES. Foreign citizens are not subject to restrictions on their rights to purchase real estate in Germany. Even for non-EU-residents are no restrictions buying a property in Germany, everybody with money can get their own house in Germany!<\/p>\n
They are entered in the land register as the owner of the land on which your property is located. Although the mere fact of a real estate property promises no permanent residence in Germany, you get the privilege of a constantly re-renewable short-term visa (Schengenvisum) for Germany over the period of 90 days.<\/p>\n
To obtain a residence title in Germany requires you to prove that you would bring benefits to the German State. If you are a professional in one of the sought-after areas of activity or a big investor who creates jobs, you have much higher chances of obtaining a residence permit.<\/p>\n
An entrepreneur can obtain a residence permit for the purpose of self-employment, if a superior economic interest or special regional needs exist, the activity is expected to have positive effects on the economy and financing has been secured (\u00a7 21 para. 1 sentence 1 of the Residence Act). Typically, these conditions are met at an investment of 250,000 euro and the creation of five jobs .<\/p>\n
If the self-employed has succeeded and the livelihood is secured, he or she may, obtain a settlement permit after three years ( \u00a7 21 para . 4 of the Residence Act ).<\/p>\n