Rent + buy in Rostock: apartment, apartment & house – interview with brokers

Rent or buy in Rostock. Beautiful period buildings, detached houses and villas. Rostock offers you everything! The real estate agent Andreas Müller: tells everything important about Rostock in her interview with FIV Magazine. Should you rather buy and rent? How good are the returns in Rostock and its surroundings? And which districts are the most beautiful in Rostock to live? You can find out that and more here in this article. More broker recommendations for Rostock and the surrounding area. Also in Germany in our article: Realtors Germany

Rent, buy, live in Rostock

A good start in the real estate world is always the purchase of the first apartment. Andreas Müller: explains in his interview with FIV Magazine his experiences with real estate in a good C-location. The yield here depends on the type of house or apartment. For example, micro apartments have other exploitation possibilities than single-family houses. The meso location is also decisive for pricing, whether in Reutershagen, Gehlsdorf or other districts such as Warnemünde or Lichtenhagen.

This is Rostock in Germany:

Lukinski Villas

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Rostock from close up:

Rentals in the city: contract and notary

After the successful purchase of the property and the execution of the purchase contract, you naturally want to furnish your newly acquired property according to your individual needs. From the living room furnishings, to the garden design, nothing stands in their way of your creative imagination.

Buying the first dream property

In our interview, you will learn everything about real estate and returns in Rostock. Should you buy a property in Rostock or is it more worthwhile to buy nearby, for example in Dummerstorf or Sanitz?

Real estate agent interview about real estate in Rostock

According to the broker ranking in Rostock, the Than & Müller real estate team is one of the best real estate agencies in Rostock and the surrounding area. Buying, renting, living in Rostock but also tips for capital investments. We ask the questions, he provides the answers.

Than & Müller Immobilien: Real estate agent recommendations

FIV: Before we talk about Rostock and its real estate market and your recommendations for tenants and buyers, we would like to know a little more about your agency Than & Müller Immobilien. Could you briefly summarize for our readers what your agency does and what you specialize in?

Andreas Müller: We are a family business since 1990 and now in the 2nd generation. In addition to the classic brokerage business, i.e. the sale and rental of residential and commercial properties, we offer over 270 vacation accommodations in the beautiful Baltic Sea resort of Warnemünde through our vacation rental agency “die Warnemünder”.

Favorite property in Rostock: family house with sea view

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

Andreas Müller: For us, our preferences come second. Our focus is always on our client. We prefer to fulfill the ideas and wishes of our customers. Depending on the situation, this can be a family home or an investment property with a sea view. For us, both have their charm. Here are the happy faces at the end of a purchase transaction, which are our favorite.

Districts with a future: Reutershagen or Gehlsdorf

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

Andreas Müller: Here it depends entirely on the perception of the individual tenant’s interests. That’s why we think it’s difficult to give a general answer. For families, the connection to schools / kindergartens and the quiet location are often important. There are beautiful districts, e.g. Reutershagen, Gehlsdorf or Warnemünde. The city center also has nice offers for families. Singles often prefer the proximity to restaurants, bars and stores. Here are, among others, the city center, Kröpeliner-Tor-Vorstadt, Bahnhofsviertel eventful districts. Everyone is individual and so is Rostock. There is something for everyone.

Development of the real estate market: symptoms & rent brake

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

Andreas Müller: In the Hanseatic and university city of Rostock, we have a tight housing market. Since October 1, 2018, the so-called Mietpreisbremse (rent brake) has been in effect in Rostock to alleviate the symptoms of a tight rental housing market. This has already improved many things, but there is still much to be done. More residential areas are being developed and expanded. The surrounding area of Rostock is becoming more and more attractive to live in, and not only because of low sales/rent prices compared to the city.

Investment recommendations: Real estate shortage

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 Rostock?

Andreas Müller: Unfortunately, in Rostock, as in many other German cities, we have a fairly scarce supply of properties to rent and buy. So whether to buy or rent has to be decided on a case-by-case basis. A young couple or a single person in a secure financial situation cannot go too far wrong with the purchase of a solid residential property in the current low-interest phase. In addition, real estate in our region is very stable in value due to its proximity to the Baltic Sea and infrastructure.

Apartments with balcony in Rostock:

Loan for the first condominium: typical mistakes

FIV: Anyone who rents in Rostock is relatively flexible and can move if necessary. Anyone who buys a property, whether a home or a condominium, is at least tied to the property for the long term 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?

Andreas Müller: Typical mistakes made by first-time buyers can be that the building fabric is incorrectly assessed or the financing is too tightly tailored. Too many credit inquiries made in a short period of time have a negative effect on one’s own scoring. When financing, care should be taken to ensure that a possible increase in interest rates or a change in one’s own income and asset structure or necessary maintenance on the building does not immediately throw a property owner off track.

A building surveyor or appraiser can also be a wise investment before purchasing real estate and provide additional peace of mind.

However, if you look for a hook for too long, it may be that another prospective buyer is faster. Nevertheless, we recommend our customers to take enough time for this important decision and not to let themselves be pressured under any circumstances.

Real estate transfer tax and incidental purchase costs

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

Andreas Müller: The land transfer tax in Mecklenburg-Vorpommern is currently 6%. Other incidental costs when buying real estate are approx. 2% for the notary and land registry and flexible incidental costs, such as a broker’s commission or financing costs. Property tax and insurance premiums are always due annually.

Acquisition costs summarized:

  • Real estate transfer tax: 6%
  • Incidental purchase costs: 2%
  • Flexible ancillary costs: commissions and financing costs

Renovated 2-room apartment in the city center:

Investment & return tips for real estate

FIV: Rostock neighborhoods for real estate investment – Let’s move on to real estate as an investment in Rostock, for those who want to buy and rent. If our*r Leser*in decides for the purchase, with following letting: Which 2 districts or satellites around Rostock would you recommend to a buyer for their capital investment in Rostock? In your opinion as an expert, where do the most future opportunities lie?

Andreas Müller: Rostock is booming – growth studies show a positive forecast for the future. Despite Corona, Rostock remains an important tourism and business location. Further opportunities also lie in the many new startups that are increasingly settling in the Hanseatic city. Locations that are popular with investors are Rostock’s city center, KTV, Bahnhofsviertel and Warnemünde. But the surrounding area of Rostock also attracts investors.

Types of real estate with a future: vacation properties

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

Andreas Müller: Due to our dream location on the Baltic Sea, vacation properties are particularly popular for real estate investments. We also see successful future opportunities here. Vacations in one’s own country continue to be particularly in demand. But also the typical multi-family houses are interesting. Here it depends also on the conceptions and the investment height of the mandators, in order to give a good recommendation.

First steps to sell a property

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 broker in Rostock, 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 Rostock?

Andreas Müller: When planning to sell your property, you should first think about two things. Do I have enough time and do I have the necessary expertise to sell my property successfully? Many underestimate the actual effort of a real estate sale. Also those who do not deal sufficiently with the current real estate market run the risk of starting with the wrong purchase price.

Experienced brokers from the region can offer decisive added value here. Here, however, one should not always infer the work from a good well-known brand name. The majority of franchise companies and TV well-known Internet companies work with freelancers or with employees on a commission basis. Accordingly, you can be lucky or unlucky.

Garden of an apartment building in Gehlsdorf:

First apartment purchase – owner occupation or capital investment

You want to realize the dream of the first own property, but do not know where to start? Learn everything about the first home and the most important steps in our article.

Rent, buy, live in Rostock

For the realization of their dream of the first home, whether you rent or buy, and how to achieve the maximum return in Rostock learn in our article about realtors in Rostock.