Defensive offer, or have house prices become so expensive?

That would be a rental yield of 0.75%. In this case, it would be absolute financial stupidity to keep the house and I would sell it as quickly as possible. But I consider that unlikely. Either the 2 million are significantly overpriced or the rent is significantly too low.

Yes, the 2 million are definitely too high – that's the point! The house comes with a wide, long driveway right in the middle of the city. The land alone should already be close to a million. Then the house again around 800, plus outbuildings. Okay, let's say 1.7 million. But that hardly changes the fact. I don't see how you could rent out a single-family house, even in a good location in the city, for more than about 1500/month. But maybe I am not well enough connected to the market.

Depends on the city - or the region. Here in the south of Munich, terraced houses with 140 sqm are already rented for 4500,-. In the city, houses are five-figure.

Where does this valuation come from and has it also been used by the tax office for taxation?

Yes, the 2 million is clearly too high – that’s the point! The house comes with a wide, long driveway right in the middle of the city. The plot alone should already be close to a million. Then the house itself is about 800, plus outbuildings. Ok, let’s say 1.7 million. But that doesn’t change the fact. I don’t see how you could rent a single-family home even in a good location in the city for more than about 1500/month. But maybe I’m not enough involved in the market.

So what now? If the 2 million is too high, then you must also pay less tax. In which city is the house supposed to be? But no matter how you turn it... maybe you should deal with the matter a bit more.

Depends on the city - or the region. Here in the south of Munich, terraced houses with 140 sqm are already rented out for 4500,-. In the city, houses are five-figure.

Excuse me, really now? Well, if that's the case, I'm not worried. 4500 for 140 sqm, that's over 30 euros / sqm. :D That's crazy!

In which city is the house supposed to be? But no matter how you turn it... maybe you should deal with the subject a little more.

We are talking about Dresden. Yes, we have already scheduled a family meeting. However, it had to be canceled due to a cold.