Renting, buying, living in Halle (Saale): districts, capital investment & Co. – Broker interview

Real estate agent interview Halle (Saale) – Your goal is to buy or rent a house or apartment in Halle (Saale)? But you still lack the experience and useful knowledge? Then you should not miss this interview. We have spoken with a top real estate agent from Halle (Saale), Jens Lehmann! Top priority for them is to develop from an idea of the owner, a suitable strategy and apply it successfully. Here you can find out everything about real estate in Halle (Saale). More realtor recommendations for Halle (Saale). Also in Germany in our article: Realtors Germany.

Buy a house or rent an apartment in Halle (Saale)

A good start in the real estate world is always the purchase of the first apartment. Jens Lehmann explains in her interview with us his experience with real estate in a good D-location. The yield here depends on the type of house or apartment. For example, micro apartments have different exploitation possibilities than single-family homes. The meso location is also decisive in pricing, whether in Hausen, Bockenheim and other districts such as the Gutleutviertel or Eschersheim.

Get acquainted with Halle’s neighboring cities like Morl, Petersberg and Kabelsketa. Halle (Saale) in macro location:

Lukinski Villas

Germany - Spain - USA

Here is an overview of the city and its districts. In addition to Trotha, the districts of Ammendorf, Neustadt and Lettin are popular in Halle (Saale). Halle (Saale) in micro location:

Rent, buy, live: Your future in Halle

Are you planning to move into a house or apartment for rent in Halle (Saale)? Then you should not miss these tips for bedroom furnishing and terrace design. How do you furnish your new home?

Or is your dream your own home in Trotha, Ammendorf, Neustadt or Lettin, but you do not know how to finance it? What you should consider before buying real estate, an experienced real estate agent from Halle (Saale) will tell you later in the interview.

Many want to become financially independent through real estate, you too? – Then another strategy is the right one for you. Tips from professionals on how to achieve your individual goals are available here.

Real estate agent interview about real estate in Halle (Saale)

The first condominium or real estate as an investment? In this interview you will learn the most important tips & tricks. Buy, rent, live in Frankfurt but also tips for capital investments. We ask the questions, he provides the answers.

Immobilienagentur Lehmann: Top real estate agent team

FIV: Before we talk about Halle (Saale) and its real estate market, we want to know a little about your real estate agency. What does your agency do and what exactly do you specialize in?

Answer: We are Immobilienagentur Lehmann and deal with three pillars of the real estate business: management, leasing and sales. The focus is on the interests and the goals of the customer. In recent years we have specialized in capital investors and investors. Our job is to develop a strategy from an idea of the owner and to apply it successfully. In the interest of the owners. In doing so, we very often also take on an advisory role and accompany the processes until the goal is reached. This part is especially fun for us and our clients, because every property and the associated development projects are always different.

Condominium: A popular capital investment

FIV: As a real estate agent in Halle (Saale), which properties do you personally prefer to broker?

Answer: We prefer to broker commercial real estate, condominiums and apartment buildings. Why? Behind all this marketing are people who invest to “create” and make a difference. These people have values and high goals. Whether it’s an early twentysomething buying their first condo or an established investor planning the next step to buy their first multi-family home, these people are highly motivated. It’s just fun to support these people and accompany them on this journey.

Increasing returns is fun

But the seller’s side is also fun. Let’s take the seller of a condominium again, for example. They had been working with us for years because we were managing the condominium. We modernized, optimized and increased the return. The goal was achieved, the strategy worked and now these apartments are being sold at a profit. It is not uncommon that you have built up a good relationship with the seller during this time and you are almost sad to sell the condominium because it and the seller have grown close to you over time and you have had a good time with them.

Kitchen of a family house in Halle (Saale):

Rather rent or buy in Halle (Saale)

Which districts have potential in the future? How are rents developing in Halle (Saale)? Location and rental price trends are important factors that influence your decision whether to rent or buy in Halle.

Living downtown vs. further south?

FIV: Neighborhoods for Singles, Families & Co. – For those who do not yet live in Halle (Saale) and want to move to Halle (Saale), which neighborhoods have a future? Where should you move to in Halle (Saale) if you want to live nicely?

Answer: I think that especially for families, but also for singles, the city center, as well as the southern and northern city center are the most beautiful. Short distances, playgrounds, good infrastructure and social activities can be found right here. We are experiencing a huge increase in students and families in the southern downtown. Both in the purchase and rental market. A lot has been done here by the city of Halle in recent years and many beautiful old buildings have been renovated by owners and ownership associations. So if you don’t want to afford the prime location Paulusviertel or Mühlwegviertel, invest or buy in the southern city center.

This is how rents are developing in Halle

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

Answer: Rents will continue to rise despite the rent index. This is simply due to the high demand and the relatively low supply. Halle is not only a student city, but also well located thanks to the A14, A9 and A38 freeway connections. You can be in Leipzig in 40 minutes. Halle has a lot to offer and is constantly developing. In my opinion, the prices per square meter for both sales and rentals are below expectations.

Tip. Real estate as equity and security

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 Halle (Saale)?

Answer: It depends on what the couple’s life goals are. For example, we always ask our clients what the optimal state should be. What is the goal? The strategy depends on that and the path associated with it.

If, for example, the goal is to start a family and buy a house in Halle Kröllwitz or Dölau and live there with dog and children, then I would definitely recommend a rental apartment for the couple and develop a strategy to finance one, two, three or more condominiums in parallel to rent them out. These properties then serve as equity and collateral. It always depends on people’s individual goals. In principle, anything is possible if it is sensibly planned.

Old building with bay window in Haale (Saale):

Avoid first-time buyer mistakes: Buy in Hall

FIV: Anyone who rents in Halle (Saale) 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 in 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?

Have conscious goals for the future – Tip 1

Answer: In principle, we see most first-time buyer mistakes in the first conversation when we ask the questions “Where do you want to go? What is the goal?” many are not really aware of this and make the wrong decisions here.

There are different approaches to achieve goals.

As in the example above with our pair. Furthermore, there are some points to consider in a strategy chain. For example, if you want to buy an owner-occupied property first and then buy an income property later, this is possible, but much more difficult than the other way around. If wealth accumulation or financial independence is the goal, you have to consider different criteria than if you “only” want to finance an owner-occupied property. It all depends on the goal and then you develop the right strategy for it.

Collect real estate knowledge – Tip 2

Since real estate is not part of most people’s core business, knowledge and experience are often lacking here. What do I have to consider regarding financing with banks, how much can I afford, what purchase criteria should my property meet, when do I want to sell it again, etc.?

Allow time or hire expert – Tip 3

Another mistake is to underestimate the time involved. There are things you need to know and understand, but not implement alone. For this, you can turn to a professional who will avoid mistakes, be faster in the end and also save you money. Rather, you should continue to focus on your goal. There are many people who want to do everything themselves in order to save money. Unfortunately, we see very often that expensive mistakes are then made and the most important and expensive asset, namely time, is wasted on things that should rather have been handed over.

Real estate agent Jens Lehmann:

Preventing mistakes when buying at a glance

The tips for buying real estate for the first time in brief. In summary, you should remember the following:

  • Have clear goals
  • Buy investment property before owner-occupied property
  • Develop suitable strategy
  • Collect knowledge
  • Allow time

You should also be aware of the incidental costs of buying real estate.

Incidental costs when buying real estate in Saale

FIV: The purchase price of a property is one thing, but what additional costs and taxes must buyers in Halle (Saale) expect?

Answer: To the additional costs of a real estate purchase one should include the notary (1.5%), the land transfer tax (5.0%) and optionally the brokerage (3.57%). So if you buy a property for 100T€, you should calculate around 11% with broker and 7% without broker on the purchase price. If a broker is involved in the purchase, it is right and important to claim these costs for tax purposes. Here a good tax advisor (not a tax clerk!) is needed, who is familiar with the matter.

The costs summarized

When you buy a property in Halle (Saale), these are the incidental costs of purchase that come your way:

  • Notary (1.5%)
  • Real estate transfer tax (5.0%)
  • Brokerage fee (3.57%)

Example: Purchase price 100.000€

With a purchase price of 100.000€ you pay:

  • 11% with broker
  • 7% without broker

New construction unit in Halle (Saale):

Expert recommendation: Real estate as an investment

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

Answer: Even if I repeat myself, it always depends on the goal of the capital investor. I continue to see good investment opportunities in the south downtown (the profit is made on the purchase) and also in the north downtown. Both districts serve as good investments for different pockets.

Existing real estate or new construction: investing the right way

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

Answer: In principle, you should have every type of real estate on the screen. All types have advantages and disadvantages and, as always, it depends on your goals. When building a new building, for example, the margin is highest if you build properly and have a good network of service providers that you already know and trust. For newcomers to real estate, existing properties are a good place to start.

Selling real estate in Halle: Hiring a real estate agent?

FIV: Finally, one more question: You mentioned the typical mistakes when buying a property. Many buy, but some also want to sell. As an experienced real estate agent in Halle (Saale), 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 Halle (Saale)?

Answer: I am actually asked this very often. Anyone can sell a property. Somehow. Some do it better than others. Again, it’s a question of how involved you are and how often you will handle a sale. My own advice to anyone who wants to sell their property in the best possible way, who does not have the necessary expertise, who has no experience with authorities and notaries, and who does not have the time for marketing, is to hire a well-chosen real estate agent. As a counter-argument I sometimes hear that this is quite expensive. However, the past has shown in numerous cases that a broker can save costs, effort and a lot of trouble in the end.

Achieve a high sales price: Here’s how

In addition, sellers with brokers in most cases achieve a higher sales price and the sale is also much faster. Mind you, if you put a little time into choosing the right broker. Another mistake is getting too emotionally attached to the property and seeing a value that is not there. For some sellers, it is also the other way around and they value the property for less. That’s why a seller needs to take a hard look at value and how to calculate value, or hire someone who knows about it.

Thanks to Immobilienagentur Lehmann for the interview!

Buying your first apartment: Owner occupation or capital investment

You want to realize the dream of your 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 Halle (Saale)

For the realization of their dream of the first home, whether you rent with or buy, and how to achieve the maximum return in Halle (Saale), you will learn in our article about realtors in Halle (Saale).