Rent + buy in Nuremberg: old building, renovation – broker interview

Real estate agent interview Nuremberg – You are faced with the difficult decision whether to buy a house or rent an apartment? Are you wondering what costs are coming your way and which is the best type of real estate to invest in? Then you are exactly correct here. We talked to a real estate agent from Nuremberg to learn all about the current real estate market. First of all, it is important to find the right type of real estate, whether apartment or penthouse, you need to be satisfied in the long term. You can expect exciting topics about additional costs, recommendations and popular districts in Nuremberg. Back to the overview: Real estate agents Nuremberg. Also in Germany in our article: Real Estate Agents Germany.

Rent, buy, live in Nuremberg

Our interview partner, has specialized in brokering, selling and renting real estate in Nuremberg and the surrounding area. In an interview we talked about attractive districts, financing options and the current real estate market. Here you can learn everything about the first apartment purchase, different types of houses and types of apartments.

Overview of Nuremberg and surrounding cities:

Nuremberg from close up:

Rentals: Service charges

You have decided to rent or even rent a house or apartment? Then you should definitely know more about bedroom furnishing and exclusive terrace design.

Buy: Investment

Find your new home in attractive districts of Nuremberg and avoid serious mistakes in your purchase! Find out what you should know before you buy in this article! Are you also interested in other cities? We have selected other interesting cities for you, such as Düsseldorf, Aachen and Munich.

Interview about the Nuremberg real estate market

Are you looking for a suitable property in Nuremberg? But are you wondering which are the most popular districts to live in, whether it is better to rent or to buy, or how high the ancillary costs and taxes are in Nuremberg? Then you have come to the right place. Because we have talked to a real estate agent who will answer all your questions about real estate in Nuremberg.

Real estate agent Christian Reinhart – The company in Nuremberg

FIV: Before we go into Nuremberg and its real estate market and your recommendations for tenants and buyers, we would like to know a little more about your agency Immobilienmakler Reinhart. Could you briefly summarize for our readers what your agency does and what you specialize in?

C. Reinhart: As a real estate agent’s office, our focus is on the sale and rental of residential real estate. I.e. we mediate inventory real estates such as free-hold apartments and houses to capital investors and owner-occupiers. Our specialty is the sale of multi-family houses to investors, which we often broker “offmarket”, i.e. without public advertising, due to our good network.

Surroundings in Nuremberg:

FIV: As an agent in Nuremberg, which properties do you personally prefer to broker?

C. Reinhart: Every property is unique and is valued equally by us. However, we prefer to find new homes for young families.

Neighborhoods with a future in Nuremberg

FIV: Neighborhoods for Singles, Families & Co. – For those who don’t live in Nuremberg yet and want to move to Nuremberg, which neighborhoods have a future? Where should you move to in Nuremberg if you want to live nicely?

C. Reinhart: Beyond the typical preferred residential areas such as Erlenstegen, Zabo, Johannis or the old town: Gostenhof in particular is a great residential area for young people with a lot of potential.

Gostenhof district:

Development of real estate prices

FIV: Rents are a big topic, all over Germany. How has the real estate market and rental prices in Nuremberg developed in recent years and how will they develop in the future?

C. Reinhart: Both rents and purchase prices for residential real estate have risen significantly in recent years. This trend is unbroken, but in the medium term we expect prices to stabilize at a high level or fall slightly. Above all, the many attractive new construction projects of recent years should contribute to this.

Dining room area in a loft:

FIV: In Germany, more people rent than buy. What would you recommend to a young couple or even a single person, renting or buying in Nuremberg?

C. Reinhart: If it is financially feasible to buy a property, we would prefer this option to renting. Of course, this always depends on the individual situation and also on whether a suitable property in the desired location is available for purchase at all.

Avoid typical first-time buyer mistakes

FIV: Anyone who rents in Nuremberg is relatively flexible and can move if necessary. Anyone who buys a property, whether a home or a condominium, is tied to the property for the long term at least by the loan or financing. What are typical first-time buyer mistakes from your experience as a real estate agent and how can you avoid them?

C. Reinhart: A typical mistake when buying for the first time is to compromise on location. I.e. it is better to pay “too much” for the right property than to buy a “bargain” in a bad location that does not fit in the long run. A somewhat too high purchase price is soon compensated. A problematic location, e.g. on a main road, cannot be corrected without further ado.

Taxes and incidental expenses incurred

FIV: The purchase price of a property is one thing, but what ancillary costs and taxes must buyers in Nuremberg expect?

C. Reinhart: The ancillary purchase costs are usually around 8-10% of the purchase price. These consist of the property tax of 3.5% levied in Bavaria. Notary costs of 1.5% and broker commission of 3.5% together.

Incidental expenses:

  • Total 8-10% from the purchase price
  • 3.5% Property tax
  • 1.5% Notary fees
  • 3.5% brokerage commission

Here you can see a bedroom:

Real estate as an investment: safeguarding the future

FIV: Nuremberg districts for real estate investment – we come still to real estates as capital investment in Nuremberg, for those, which want to buy and let. If our*r Leser*in for the purchase, with following letting, decides: Which 2 districts or satellites around Nuremberg would you recommend to a buyer for their capital investment in Nuremberg? In your opinion as an expert, where do the most future opportunities lie?

C. Reinhart: The preferred 1a location for capital investors is Nuremberg’s Old Town with the Sebald and Lorenz districts. Due to the high tourist attractiveness and the good mix and the large offer of shopping facilities, events, gastronomy and great residential locations, top prices are also achieved here. This contributes to an increase in value and value retention. Otherwise, many other Nuremberg residential locations offer attractive opportunities for capital investors. Particular future opportunities are attributed to districts such as Johannis and Gostenhof.

Attractive districts in Nuremberg:

  • Sebald
  • Lorenz
  • St. John’s
  • Gostenhof

Sebald district:

Real estate with the most future opportunities

FIV: In your opinion, what type of real estate has a future in Nuremberg, what should one invest in? Small, large, existing, new construction?

C. Reinhart: Nuremberg offers attractive opportunities for capital investors in all real estate categories. However, as a student city and tourist magnet, we would like to highlight small residential units such as apartments and 1-room apartments here as particularly attractive for capital investors.

FIV: Finally, one more question: You had mentioned the typical mistakes buying a property. Many buy, but some also want to sell. As an experienced real estate agent in Nuremberg, what tips can you give to those who are selling a property for the first time? What are the first steps and how do you successfully sell a property in Nuremberg?

C. Reinhart: The central basis for a successful real estate sale is professional market pricing.

If the price is set too high, the property is “burned” on the market. If the price is too low sellers give away money

Here, a competent real estate agent with expertise and market knowledge is the ideal partner for owners to bring together the interests of the parties involved from the price setting to the successful notary appointment.

Rent, buy, live in Nuremberg

The real estate market in Nuremberg is large and for this reason it is important to find the best real estate agent for you. In our overview you will find the best real estate agents from Nuremberg, who can make your dream of your property possible.

First apartment? Step by step to capital investment

Buy your own apartment – As soon as you move into your first own apartment, for most people it’s rent, rent, rent. Every month you go to work many hours, to spend the largest part ultimately for the next rent due at the beginning of the month. It’s no wonder that many young people are considering buying a condominium as soon as possible.