Government launches cash ban on real estate purchasesThe German government wants to ban cash transactions in real estate purchases. This is to be regulated as part of the Sanctions Enforcement Act II, according to a paper circulated on Friday by the responsible ministries of finance and economics. "Notaries are to monitor the ban on cash payments and have to report violations." The planned law will create a central office for sanctions enforcement at the federal level. With the Sanctions Enforcement Act II, the government now hopes for structural improvements.

Source: The Munich Eye October 08, 2022 01:44 UTC