Is it possible to buy a condominium?

The ratio of the rent paid today to the demanded purchase price is of course unfavorable (but probably corresponds to the current market environment). In other words: the apartment is very expensive as a purchase object.

Why, that's not even 20 years of rent? Purely based on the numbers, it probably fits. Location, quality, etc., of course, are another matter.

if similar purchase prices prevail in the area then it is okay. at least one has already lived in the house for a longer time and knows neighbors, the location, etc. with new construction, it is also less critical. have the protocols of the owners' association handed over to you. do you know the reason why the current owner wants to sell?

Sorry for the long silence. The cold rent is 980. Currently, several houses are still being built here and the prices are the same or even slightly higher. The current owner is selling to have capital for a company expansion.

If the house is only one year old and is now sold again, capital gains tax is due on the profit. Somehow awkward for an entrepreneur. He could also simply use the property as collateral. Take a close look at the minutes of the owners' meetings and it's best to also talk to the neighbors. This seems a bit suspicious to me.