Is it possible to buy an apartment for someone else, for example, for an underage child?

Yes, a person has the right to acquire property from his birth. This means that even a minor may own a property. Nevertheless, a child only becomes competent to enter into agreements upon coming of age, i.e., upon reaching eighteen years of age. A purchase agreement therefore has to be concluded and signed on the child’s behalf by his statutory representatives, whose interests must not be contrary to the interests of the child, meaning that the said transaction is subject to oversight and consent by a guardian court which, among other things, appoints the said statutory representative. The court’s consent then constitutes an integral part of an application for the registration of the right of ownership in the Land Register. It must, however, be understood that owning a property is a commitment that involves obligations, such as the payment of fees related to the use of the property (fees for waste removal) or tax obligations (e.g., annual property tax).