There is a so-called numerus clausus of registrable property rights for direct property investment. Ownership rights or buildings may accordingly only be divided as prescribed by the applicable law. – There is no stock market trading and no standardised futures based on standard real estate or partial rights.
The following structures are admissible:
- Sole ownership
- Joint ownership
- Condominium ownership
- Independent and perpetual rights
- Development rights
- Right of use
- Usufruct
- Right of residence
The obligatory or quasi-property rights that may be created in favour of the direct investor are also relevant. These options always apply to specific parties and a tangible property; agreement on a right of entry, which permits another party to replace the party that is entitled to purchase, is conceivable. – There is, however, still no futures market or even option trading.
- Right of purchase
- Right of pre-emption
- Right to repurchase
- Right to transfer
