Rent, buy, live in Stuttgart

A good start in the real estate world is always the purchase of the first apartment. Michael Maile explains in his interview with FIV Magazine his experience with real estate in a good A-location. The yield here depends on the type of house or apartment. For example, microapartments have different exploitation possibilities than single-family homes. The meso location is also decisive in pricing, whether in Bad Canstatt, Feuerbach and other districts such as Sillenbuch or Vaihingen.

This is Stuttgart in Germany:

Stuttgart from close up:

Rent: Contract & Settlement

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.

Buy: Return on investment through real estate

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

Real estate agent interview about real estate in Stuttgart

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

Maile Immobilien: Interview Partner

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

Michael Maile: We are a real family business with me in the 4th generation. To guarantee a service with one’s name for so many decades is not a matter of course and of course totally shapes one’s daily actions and dealings with our customers.

Some of our customer relationships even date back to the founding year of 1925.
We have been located extremely centrally in Stuttgart’s Königstraße for almost 100 years and serve the entire greater Stuttgart area from here as a reliable contact for valuations, sales and rentals.

Interview partner Michael Maile:

Single family home or townhouse? Favorite properties

FIV: As a real estate agent in Stuttgart, which properties do you personally prefer to broker?

Michael Maile: Most people probably think that real estate agents always dream of the large luxury villas that undoubtedly exist in Stuttgart. Personally, however, I have always had the best experiences with somewhat smaller properties such as small detached houses, semi-detached houses or terraced houses. These are basically my favorite objects, also because you often have to deal with very pleasant customers on both the seller’s and the buyer’s side.

Rents in Stuttgart: Neighborhoods with a future

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

Michael Maile: Stuttgart has a very unique topography with the well-known Stuttgart Kessel. This in turn means that the city center is relatively limited. So if you want to live very urban with short distances or perfect local connections, there is something for everyone here. I wouldn’t make any big distinctions between the districts.

As before, the west and south is certainly the most popular.

For families, again, other priorities apply with something quieter, safer and greener location. There are plenty of these around Stuttgart, too. I personally favor the southern parts of the city, such as Sillenbuch, Degerloch and Möhringen, because of their very good infrastructure and short distances not only to the city center, but also to the airport or the highway.

Development of the real estate market: rent stagnation

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

Michael Maile: Even if you hear different things in the media. We are noticing a clear stagnation of rents in all areas. The times of constant increases seem to be over for the time being. However, due to the natural limitation of the Stuttgart cauldron, the supply remains fundamentally very manageable. Even redensification or additions to existing buildings are only marginally feasible. In this respect, demand is still significantly higher than supply.

Through Corona, however, there are already sustainable reasons here, such as the home office, which rather provide for some relaxation in the inner city area. In turn, the green peripheral locations have become more sought-after. The future always means looking into a crystal ball, but I still consider Stuttgart to be a very stable location, although it seems to be settling at a fairly high level.

Modern apartments in Stuttgart-Vaihingen:

Recommendations for beginners: rent or buy?

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 Stuttgart?

Michael Maile: As you know, there are different philosophies here. And there are simply no blanket statements here. I myself am a big fan of owner-occupied property because it simply means a lot of freedom in everyday life and, in case of doubt, also a good retirement provision.

However, this must be preceded by a clear commitment to the location and solid financing that still leaves enough leeway for vacation, children, etc. These are often quite big hurdles. On the one hand, flexibility in the job often has to be higher today, and on the other hand, the purchase price is so high that financing is only possible with considerable restrictions.

In such cases I advise then rather to rent and rather to buy only if a family is to be founded. And then, in case of doubt, clearly outside the city at affordable prices and with other priorities such as short distances to school or a large garden.

Buying the first condominium in the city

FIV: Anyone who rents in Stuttgart 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?

Michael Maile: There are plenty of mistakes lurking around when selling and buying. For example, buyers tend to underestimate the capital required, look too much at the property and not enough at the location, or inspect the property superficially without an expert opinion. For me, however, one of the most serious is the lack of willingness to make sacrifices.

The perfect property simply does not exist.

And the sooner you recognize this and consciously set priorities, the sooner you will find something. In many cases, people have been looking for many years. And while the real estate became more and more expensive, it simply did not succeed at some points to be satisfied with less. In the end, I often hear “if only we had…”.

Therefore: Make a clear priority list with weightings and then do not hesitate for long when a good object appears. You will not find the perfect object.

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 Stuttgart expect?

Michael Maile: The land transfer tax in Baden-Württemberg is currently 5% of the purchase price. For the notary and the land registry you should calculate 1.5%. If a broker is involved, this is between 0%-3.5%. Sometimes the seller pays the broker alone. In total, this is about 6.5-10% of the purchase price.

Stuttgart at a glance:

• Real estate transfer tax: 5%
• Notary fees: 1.5%
• Brokerage costs: 0-3.5%
• Total: 6.5 – 10%

Real estate as an investment – city proximity & old buildings

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

Locations close to the city center continue to be of interest to investors.

Michael Maile: Here I would rather aim at charming old buildings than at replaceable new buildings. The development of the Rosenstein Quarter in particular will mean that quite a lot of apartments will be built in the city center in the medium term. So you should also be able to offer something unique here in the long term.
The better returns, however, are certainly to be found outside the confines of the city. I see Möhringen and Vaihingen, for example, as very interesting locations with very good infrastructure and large employers.

Types of real estate with a future – optics and efficiency

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

Michael Maile: As already mentioned, I am rather a friend of the charming old building. Energy efficiency will certainly play an even more important role in the future, but the beautiful sandstone Art Nouveau façade will certainly not be insulated. Such buildings will always be sought after and in demand. Personally, I am not a fan of the often very monotonous new building architecture with the same residential silos that are arranged around a sad little playground, in which even the last square meter of the property is built on.

Nevertheless, it must also be emphasized that, for example, accessibility will be a more important issue, which is more likely to be found in newer buildings. Here, everyone has to weigh things up for themselves. And then, of course, it’s better to have three small apartments than one large one, also in terms of risk diversification.

Attic room of a family house:

Selling a property – quality check

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 Stuttgart, 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 successfuly sell a property in Stuttgart?

Michael Maile: First of all: In principle, you can do most things in the world yourself. The question is always how much time you have available and in what quality you can do this sustainably. Therefore, I would always strongly advise an inexperienced real estate seller to take an experienced broker on board. Simply because selling real estate at the best possible price involves much more effort than is commonly imagined. You should ask around among friends and acquaintances, check references and get a non-binding impression of the real estate company.

Renovation and modernization are always worthwhile!

Otherwise, it is important to make the bride pretty before the wedding. Small renovation works up to the conscious “stagen” of the real estate are financially worthwhile practically always. You should not only have all the documents relevant for the banks at hand, but also understand them and thus know, for example, the circumstances under land registry law or the regulations in the declaration of partition and be able to communicate them accordingly.

Deficiencies must be known and skillfully communicated. What is fatal here, of course, is the wilful concealment of such a defect.
On site it is important to arouse the emotions of a buyer. To understand which priorities he has and with which details you can arouse his final interest. Price negotiations are also often a fine line, where inexperienced sellers all too often have great difficulties.

Conclusion: Inexperienced sellers should definitely seek advice from a reliable and trustworthy expert first. Experienced sellers usually know that a good broker does not cost money, but brings money through his know-how, contacts and the enormous time savings.

FIV: Thanks to Maile Immobilien for the interview!

Buying your first apartment: 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.

• Buy first apartment

Rent, buy, live in Stuttgart

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

• Real estate agent in Stuttgart

First condominium in Duisburg

A good start in the real estate world is always the purchase of the first apartment. Manuela Ceresa explains in his interview with FIV Magazine his experience with real estate in a good B location. The yield here depends on the type of house or apartment. For example, microapartments have different exploitation possibilities than single-family homes. The meso location is also decisive in pricing, whether in Buchholz, Wedau and other districts such as Meiderich/Beeck and Hamborn.

Here Duisburg is located in Germany:

Duisburg up close:

Rent: Contract & Settlement

After the successful purchase of the property and the execution of the purchase contract, you naturally want to furnish your freshly 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.

Buy in Duisburg

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

Real estate agent interview about real estate in Duisburg

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

MC Immo Service: Interview Partner

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

Manuela Ceresa: My goal in principle (and I mean it exactly as I say) is that both sides, i.e. buyer and seller, are really satisfied and happy in the end. This is our top priority and starts already with the contact to the customer. To be open and honest and never lose the charm – is the basis for a trustful cooperation and very important to us.

Offers of MC Immo Service Agency

Manuela Ceresa: We mainly sell single-family houses, apartments and investments, so we have quite a large target group. We are very well positioned through our business partner Magnu GmbH because they cover insurance and finance, so the customer doesn’t have to go far.

In addition, we offer a pool of craftsmen of all kinds, moving companies, banks, etc. so that we can cover any area very well and recommend.

Service is everything in the end and with us the customer is indeed still king. We also work with great cooperation partners and have a good network. Commitment and many years of market experience are a prerequisite for us to keep the right perspective in a real estate market that is very complex and constantly changing.

Favorite properties: special youth villas

FIV: As a real estate agent in Duisburg, which properties do you personally prefer to broker?

Manuela Ceresa: Personally, I have an absolute soft spot for charming old buildings. I love high ceilings, the charm of the youth villas, the old creaky parquet and wooden floors… I could list a lot more. In principle, however, I rent and sell all types of real estate and I have no tendencies to do so, because each property has its specificity and is valued.

Modern bathroom in an apartment in Duisburg:

Neighborhoods with a future: Südstadt trend

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

Manuela Ceresa: I clearly recommend the south of Duisburg, because it has a lot to offer, such as the Sechs-Seen-Platte, a lot of “green”, the Kletterwald, the proximity to the city, but it is also a stone’s throw to Düsseldorf. An excellent connection and also with public transport no problem.

Real Estate Market Development: Rents & Yields

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

The rent prices have generally increased, some major cities are now unaffordable, I can absolutely confirm this

Manuela Ceresa: Especially in the south of Duisburg, which is very popular with Düsseldorfers because of the short distance to Düsseldorf. Here, Duisburg has absolutely benefited, but I think at least currently due to the crisis that rental prices will not continue to rise at the moment.

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 Duisburg?

Manuela Ceresa: A mobile home, so you always have your home with you! Joking aside, in principle it makes sense to own property, which in my view many young people have also taken advantage of due to the low interest rates. Depending on what demands you have, renting can also be quite expensive, especially over the years.

First condominium in Duisburg: costs & financing

FIV: Anyone who rents in Duisburg 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?

Manuela Ceresa: Many people (so my observations) is not always clear when buying a property that these are then also first bound to their loan agreement and in the event of premature sale or exit from the contract must pay significant prepayments to the bank, these sums are of course based on the financing and are not without!

The rent is then omitted, however, one must include several other expenses in the budget. This includes the maintenance of the property, the administration, the running costs, possible follow-up financing etc. With the purchase itself, the land transfer tax, the brokerage for the broker and the fees for the notary, this must not remain unconsidered and must be included in the calculation.

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 Duisburg expect?

Manuela Ceresa: The purchase is subject to real estate transfer tax, which is currently 6.5%, notary fees (fee table) and the broker’s commission.

Apartments in Duisburg:

Good capital investments: which districts?

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

Manuela Ceresa: Buchholz, Wedau – directly at the Sechs-Seen-Platte and Wanheim-Angerhausen, but for investors the districts like Meiderich/Beeck and Hamborn are also very interesting. These districts are developing very positively.

The districts summarized:

• Buchholz
• Wedau
• Wanheim-Angerhausen
• Meiderich/Beeck
• Hamborn

Invest: Real estate return

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

Manuela Ceresa: The decisive factor is the location. Would you rather live in the city or in the country? Can you imagine growing old here? What are the conditions, etc., and all the rest of course corresponds to the need. In the case of capital investments, of course, the return plays a major role, and capital investors can assess that very well.

Selling an apartment in Duisburg: Documents for notary

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 Duisburg, 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 successfuly sell a property in Duisburg?

A sale not only costs time but is also associated with some challenges.

Manuela Ceresa: First of all, sellers, i.e. owners, should know what their property is realistically worth, clarify the ownership situation in advance (in the case of married couples or communities of heirs), check any encumbrances on the property, take a look at the building encumbrance register, a possible right of residence or right of first refusal, would you like to work with or without a broker, involve a notary, at the latest when selling, plan the move in good time etc.

What is also very important, are various documents that must be provided to the buyer such as a current land register extract, floor plans, living space calculation, etc..

In my opinion, a property can be sold successfuly if it is dealt with openly and honestly. Damages and defects must not be concealed, the purchase price should correspond to the current market value, create a trusting basis between the seller and buyer and in the end the property must please!

FIV: Thanks to MC Immo Service for the interview!

Buying your first apartment: 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.

• Buy first apartment

Rent, buy, live in Duisburg

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

• Real estate agent in Duisburg

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 successfuly 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.

• Real estate agent Nuremberg

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.

• Buy first apartment

Rent, buy, live in Potsdam

Our interview partner, has specialized in brokering, selling and renting real estate in Potsdam 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.

Potsdam at a glance:

Potsdam from close up:

Rentals: Service charges

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

Buy: Investment

Find your new home in attractive neighborhoods of Potsdam 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 Duisburg.

Interview – All about the Potsdam real estate market

Are you looking for a suitable property in Potsdam? 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 Potsdam? 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 Potsdam.

Sebastian Wicke: Real estate agent interview

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

Sebastian Wicke: For more than 22 years I have been working nationwide on topics related to all kinds of real estate, but I once started in the construction and commercial real estate sector. Already after few years residential real estates came in addition and meanwhile we understand ourselves not only as local brokers for Berlin and Brandenburg, but as competent real estate professional with country wide cross-linking around our customers with each inquiry optimally to further-help to be able.

Our customers appreciate our obliging and above all fast as well as qualified acting. In essence, we live from our good reputation and the recommendations of satisfied customers for Potsdam and also our Berlin business. Our range of services is extensive and regularly adapts to current requirements – so we have also been serving the now booming market with furnished properties, the “temporary living”, for years now.

Our focus services include, of course, the classics such as:

Sale and rental of real estate of various types, whether residential or commercial, both new and existing, whether investment or owner-occupied.

Of course, we also master the discreet sale on request and also carry out larger off-market transactions in the sale of apartment buildings. We are pleased with our large customer base with search profiles of all kinds, which is very helpful and pleasant in this regard. The customer is still king for us – we therefore make a point of being available on weekends or in the evening, when there is simply more time and peace of mind, just as it is needed.

As a rule, our customers are busy with their own jobs during the week and have neither the time nor the nerves for appointments during the week or in the evening. If the property is then in the dark, it is also less fun to get a good first look. In addition, often the partner or the family also want to take a look at the object of desire, and then decide together. For this reason, we and our team are often on the road on Saturday or Sunday.

Single-family house in Potsdam:

Popular real estate in Potsdam

FIV: As a real estate agent in Potsdam, which properties do you personally prefer to broker?

Sebastian Wicke: Of course we enjoy every project, because no two properties and no two clients are the same and there are always individual tasks and “matches” of buyers and sellers or landlords and tenants waiting for us. We never stop learning, which makes it all the more exciting. Personally, vacant residential real estate, whether for sale or rent, is a special joy every time.

Experiencing the transition between previous owners/landlords and their story to the property and seeing the joy of a new buyer/tenant is an exciting and interesting process. We are happy every time to be able to help with the dream of living and to accompany the journey from the viewing to the handover and even afterwards. Investment properties are less emotional, although of course no less exciting with a different intention.

Districts with a future: Bornstedt & Krampnitz

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

Sebastian Wicke: For everyone, “beautiful living” is an individual question and solution that we first have to work out together with our customers. One wants it green and quiet, the other urban and lively on the doorstep, the third then family-friendly with a focus on a good connection to Berlin. And Potsdam can do it all! There is a location for everyone here.

Whether it’s the beautiful, historic old town, culture, historic areas with a modern, cautiously redeveloped coat of paint like at Neuer Markt, new development districts like Bornstedt, Neu Fahrland or soon Krampnitz – new districts can always be experienced in Potsdam or old ones perceived in a new way, because there is movement throughout the city. The respective micro-location is different for everyone. But outstanding at the moment is Babelsberg, which has always been sought after and is now more and more in demand.

A view over Bornstedt:

It is developing very rapidly and also boldly, as the planning around the Filmpark shows. Daniel Libeskind’s recently published design for a tower-like new building complex has certainly generated a lot of attention. But the area around Potsdam’s main train station with the RAW site and Speicherstadt also shows how the city is developing.

Living room in a family house:

Price development of current real estate

FIV: Rents are a major issue throughout Germany. How has the real estate market and rental prices in Potsdam developed in recent years and how will they develop in the future?

Sebastian Wicke: As is generally the case throughout Germany, rents in Potsdam have of course risen rapidly in recent years due to many factors and have more than doubled in some cases for new leases in the last 10 years. Due to the very high daily search requests, I do not see a turnaround in the near future. The demand for housing of all kinds is there and rising, whether it’s a 1-room apartment or a 6-room apartment.

The rent increase applies to every property, regardless of price range. Nevertheless, we can always observe a large number of suitable tenants for each property, so that we could immediately let each house or apartment several times over, sometimes with long waiting lists. Potsdam has virtually no really bad locations; anything goes.

Types of real estate: recommendation for young couples and singles

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 Potsdam?

Sebastian Wicke: Whether to rent or buy has to be considered individually for each customer and also depends on personal means and, above all, life planning. We have customers whom we would never advise to buy, because they are simply often on the “jump” professionally and after 1-2 years move on to a completely different region. Nevertheless, it is also worthwhile for a single person to think about property if the future is foreseeable for the next 3-5 years.

For those who have capital left over and are looking for something anyway, buying is the better option to invest the capital securely, save the rent and take advantage of price developments of + 6-11 percent p.a. when selling later. With the current historically low interest rates still ideal. Provided of course they buy in the right corners the right object.

Typical first time buyer mistakes

FIV: Anyone who rents in Potsdam 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?

Sebastian Wicke: In principle, flexibility is not necessarily limited even with a purchase. There is the option of later renting and usually this always covers the burden of the loan, the house money and usually there is still a small surplus for contingencies to save. The first mistake is often when buying BEFORE the notary appointment to save on a neutral appraiser for a brief check, if you have never had to do with real estate and have not already developed an eye for it yourself.

Kitchen in a single-family house in the Potsdam area:

Every serious seller allows this and it is in no way a bad thing, quite the opposite. In the case of good real estate, a neutral expert opinion rather underlines the quality of the object. There are always little things, but this is about the major overlooked damage that can become financial ruin. Altogether it represents a really manageable Invest of 600, – to 1000, – euro, if one considers the extent of the investment, and the customer can sleep immediately calmer with an expert opinion, if it goes then to the notary. The next first-time buyer mistake is often found in the financing.

I can only recommend using financial portals and independent financial advisors/credit brokers in addition to your bank. This saves over the term and with good advice even five-digit amounts over the term. Never accept the first offer. Other mistakes are too extensive individualizations or very “special” tastes in the first property: the colorful tile backsplash, the red or yellow kitchen or windows in trendy colors during construction. This catches up with us all when we sell – costs cash for the seller and leads to more difficult conditions for us when we sell.

Taxes and ancillary costs in the Potsdam area

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

Sebastian Wicke: In terms of ancillary costs, unfortunately most of the costs are regulated by law, so unfortunately you can not avoid the following costs that are fixed: These are in Brandenburg 6.5% land transfer tax (incidentally, the maximum rate in Germany, Bavaria has 3.5%), notary and land registry costs of about 1.5-2% on the purchase price in the notary contract, these fees are also regulated by law.

At least with regard to brokerage costs, something has been done to relieve the burden on the buyer. It has been legally and federally regulated that since the end of 2020 the pro rata cost sharing of the commission between seller and buyer in equal parts, usually between 3 – 3.57% incl. VAT. (per party) on the purchase price for single-family houses and condominiums. Land and apartment buildings are excluded from this. There it is usually a buyer’s commission, which, by the way, is then also occasionally negotiable, which many do not know. A good broker does not let a deal fail there and finds a balanced solution for all. Dare to address this.

Incidental costs at a glance:

• 6.5 % Real estate transfer tax
• 1.5 – 2 % Land register + notary fees
• 3 – 3.57 % commission

Apartment & houses as an investment: buy and rent

FIV: Potsdam neighborhoods for real estate investment – Let’s move on to real estate as an investment in Potsdam, 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 Potsdam would you recommend to a buyer for their capital investment in Potsdam? In your opinion as an expert, where do the most future opportunities lie?

Sebastian Wicke: Kaptalanlage in Potsdam is exciting, because the Potsdam area can no longer really be called “cheap”, but Munich never was and has only developed in one direction in recent years. I continue to be very optimistic about the Potsdam area and unfortunately have to let my hopes of a “bubble” burst. If at all, this can only be cautiously observed in individual projects or in micro-locations and in the upper high-price segment.

Dining room and living room in one:

Due to the good economic development of the metropolitan area of Berlin with its start-up boom and the investments in the surrounding area with Tesla or Microvast and their magnetic effect, which we are already clearly feeling, as well as the great position as a science and university location through SAP and the University of Potsdam and their growth, Potsdam remains an exciting and worthwhile investment. Every year there is a renewed struggle for housing and there is a shortage of everything, especially affordable student apartments and basic housing in general, as demand is constantly increasing.

Although Potsdam, unlike Berlin, is really building a lot more, there is no oversaturation in sight. The decisive factor after the investment is of course a good tenant selection, so that it is fun. By the way, we also take care of renting! We feel since the beginning of the Corona Pandemie also an additional, increased pressure from Berliners who want to get out of the “tight and tense city” and seek more lifestyle through more space with home office and recreation time with style in Potsdam and the surrounding area. It may now be the room more and the garden or a larger balcony in the quieter, elegant Potsdam.

Especially since there is now even less commuting due to more home offices and the route to Berlin to the workplace is then suddenly only 2-3 times a week no longer a big burden. Alternative locations can be found in the surrounding area and are still affordable. There would be Michendorf or Beelitz with good connections via the highways, improved rail connections in the near future and a lot of nature and recreational opportunities for the family. A lot has happened there in recent years, old towns have been revitalized, modernized and beautified, schools and daycare centers have been built and the infrastructure has also been extensively expanded. By the way, the State Horticultural Show will begin in Beelitz on April 2022, so it’s worth taking a look twice.

Broker assessment: Real estate with a future

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

Sebastian Wicke: Clearly, it’s small apartments that have been lacking for years. Apartments between 1-3 rooms in almost all locations, gladly renovated old buildings, good stock or modern new construction, if it is not too expensive. The price increase per m² is also highest here. The percentage of singles is also increasing in Potsdam and the pressure from the University of Potsdam with its students or the settled science locations with young professionals, who are just moving to Potsdam for various projects, is constantly there. Furnished apartments also continue to be a topic and can be worthwhile if the rental is regulated and the entry price is not too high.

Bedroom in Potsdam apartment:

First steps and tips

FIV: Lastly, one more question – you had mentioned the typical mistakes when buying a property. Many buy, but some also want to sell. As an experienced real estate agent in Potsdam, 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 successfuly sell a property in Potsdam?

Sebastian Wicke: The timing for a sale couldn’t be more ideal. There is pressure in the market due to the scarce inventory, the influx and the low interest rates in the market. Anyone who has owned a property in Potsdam or the surrounding area for a few years has done everything right and is the owner of a small or large asset – but currently only on paper. It is important to carefully select the right partner for the intended sale and not to “fiddle around” with it yourself, according to the motto: “I can do the ad myself and then my property will be gone anyway, so I won’t need a real estate agent!

The problem is not to find a buyer, but to assess the value correctly, objectively, neutrally, without emotional and personal influence. Of course, everyone is biased with their own things and taste. This makes it difficult to negotiate directly with the owner between seller and buyer. This is what we are here for, to form a healthy, value-free party for both sides and to arrange the middle way during the viewings and negotiations. We always try to level the optimal deal for both sides also with our own ideas and experience.

Kitchen in a Potsdam apartment:

We would not have sold many properties if the owners and buyers had met right at the beginning when selling or buying their own home and the different tastes, emotions or desires. Another important aspect is that we then also go into deeper discussions with the right prospective buyer and carry out a financial and solvency check.

A completely different topic are the constantly growing legal requirements and risks in the sales process from the legal obligation of the energy certificate and the information of the energy label to the DSGVO, rights to the image or incorrect area information and descriptions in the exposé or the later missing documents for the bank financing of the buyer. My tip is the selection of a reliable partner and professionals with enough experience via recommendation or some own research under consideration of reviews on various portals.

It doesn’t always have to be a well-known chain or a big name or come from a TV commercial with nice words. Have a longer personal conversation, gladly also right at the property. The chemistry should be right and the professional qualifications and history and local experience should not be underestimated. As a rule, it is also not very serious to name a price right on the spot at the first appointment without knowing the floor plans, exact areas and especially the state of maintenance.

Especially not by mail or on the phone, before the object has even been inspected together. A qualified valuation requires good documentation and knowledge of the object and such a thing is not – as often promised – in 5 minutes. Each object is unique and not off the shelf like a used car. Also, it is usually the largest investment or the largest capital decision in the sale, which a person makes in his life. This deserves attention and time.

Thanks to Sebastian Wicke for the interview!

Rent, buy, live in Potsdam

The real estate market in Potsdam 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 Potsdam, who can make your dream of your property possible.

• Real estate agent Potsdam

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.

• Buy first apartment

Rent, buy, live in Wuppertal

A good start in the real estate world is always the purchase of the first apartment. Daniel von Baum explains in his interview with FIV Magazine his experience with real estate in a good C-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 Elberfeld, Vohwinkel and other districts such as Cronenberg and Uellendahl-Katernberg.

This is Wuppertal in Germany:

Wuppertal from close up:

Rent: Contract & Settlement

After the successful purchase of the property and the execution of the purchase contract, you naturally want to furnish your freshly 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.

Buy: Return on investment through real estate

In our interview, you can find out everything about real estate and returns in Wuppertal. Should you buy a property in Wuppertal or is it more worthwhile to buy nearby, for example in Solingen and Hagen?

Real estate agent interview about real estate in Wuppertal

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

Daniel von Baum Immobilien: Interview Partner

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

Daniel von Baum: Dear readers, we specialize in the marketing of private real estate. In particular, single-family homes, duplexes and townhouses. And, of course, apartments, which are also increasingly being brokered to capital investors and not just owner-occupiers.

Favorite properties in the city

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

Daniel von Baum: I prefer to broker special properties, because it’s simply something special. I currently have a carpenter on offer and am looking for a successor there. Tragically, the owner’s wife suddenly became a widow, and I was asked to help out through recommendations. I do that of course gladly and also completely unselfishly. If I find a buyer, then I am happy for the heirs or young family.

Old building in the center of Wuppertal:

Neighborhoods with a future: The Briller Viertel

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

Daniel von Baum: The Briller Viertel, which has the largest contiguous villa district in Germany, is definitely a classic. I, too, am lucky to work in such great locations. Young people prefer the Nordstadt or the Ölberg, also called the “Kreuzberg of Wuppertal”.

Development of the real estate market: rising rents

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

Daniel von Baum: Rents are also continuing to rise in Wuppertal. In contrast to Düsseldorf and Cologne, rents are still affordable, but they are on the rise.

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 Wuppertal?

Daniel von Baum: Definitely buy! You should not miss the start of the purchase, otherwise the redemption period will be shorter and shorter and you will have to raise more equity. I have the feeling that Wuppertal still has room to maneuver in terms of square meter prices, even if you notice that interest rates have already risen.

Buying your first home: Mistakes & Safety

FIV: Anyone who rents in Wuppertal 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?

Daniel von Baum: It is certainly important that the monthly burden is not too high. Also one should read into the minutes of the owner meetings, since one is finally “married” with such then and if there is already dispute, then better not say “yes”.

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 Wuppertal expect?

Daniel von Baum: A very big issue at the moment is the property tax, which is being reformed. It will certainly not become cheaper with the reformation, which is why it can then also become much more expensive in good locations. How a building is heated or what energy standard it has is also important – of course. A good value to calculate the current burden (tax and ancillary costs) of a property is: 3 EUR/sqm.

Suspension railroad in Wuppertal:

Tips for All: Real Estate as an Investment

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

Daniel von Baum: In the meantime, some districts in Wuppertal have really become very expensive. You can hardly find anything for less than 20 times the annual net cold rent, and I suspect that prices will not continue to rise much further. Along the valley axis, there are cheaper properties here and there with corresponding returns. Furthermore, the Nordstadt is of course a good investment, as it is still very popular for living.

The best types of real estate: renovate factory building?

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

Daniel von Baum: I would invest in the existing stock. There are great old factory buildings that can be converted and re-rented. There are also a lot of listed properties that want to be brought back up to today’s standards and re-rented. Unfortunately, another issue is problem properties where the owners can no longer be located. These properties fall into disrepair and the city’s hands are tied. I think such properties should be able to change owners more quickly so that they are restored to a good condition!

Experience selling in Wuppertal

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 broker in Wuppertal, 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 successfuly sell a property in Wuppertal?

Daniel von Baum: Experience has taught me that the thorough processing of property-related data/information is essential for marketing success. It is better to take a little time with the thorough processing of the object than to start directly with the marketing!

Thanks to Daniel from Baum Immobilien for the interview!

Buying your first apartment: 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.

• Buy first apartment

Rent, buy, live in Wuppertal

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

• Real estate agent in Wuppertal

Rent, buy, live in Freiburg

A good start in the real estate world is always the purchase of the first apartment. Pierre Bruns of Brumani Immobilien explains in his interview with FIV Magazine his experience with properties in a good C-location. The return on investment 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 Betzenhausen, Ebnet and other districts such as Haslach and Günterstal.

Here is Freiburg in Germany:

Freiburg seen from close up:

Rent: Contract & Settlement

After the successful purchase of the property and the execution of the purchase contract, you naturally want to furnish your freshly 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: Return on the property

In our interview, you will learn everything about real estate and returns in Freiburg. Should you buy a property in Freiburg or is it more worthwhile to buy nearby, for example in Denzlingen or Kirchzarten? Or you may find what you are looking for in another city in Baden-Württemberg.

Real estate agent interview about real estate in Freiburg

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

Brumani Real Estate: Interview Partner

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

Pierre Bruns: The company was founded in 2017 by Pierre Bruns and Joachim Niehaus. Thanks to the entrepreneurial experience of Joachim Niehaus and the sales and marketing experience of Pierre Brun, the two founders were able to complement each other well. This is how the vision to change the real estate market in Freiburg was born. We work for this with a unique and innovative concept.

Our mission is to help property owners sell their property and achieve the best possible result for him. At the same time, we are always looking to find the ideal buyer for the seller, who brings the maximum appreciation for the property and is a perfect match for the property. Through this concept, we have already made many buyers happy and even more sellers.

Favorite properties: apartment & generation house

FIV: As a real estate agent in Freiburg im Breisgau, which properties do you personally prefer to broker?

Pierre Bruns: Preferably all of them! From large multi-generation houses to cozy 1-room apartments. As a real estate agent, it is simply the nicest thing to look into two happy faces at the notary appointment. Of course, demand is particularly high for upscale properties, especially in the popular districts of Freiburg, such as Herdern or Wiehre, and it is always nice to see how prospective buyers fall in love with the property and can’t get out of their amazement. Which makes the rejections all the more difficult for us.

But even our smaller objects have their own charm, so that in the end the new owners are happy with their purchase.

The team of Brumani Real Estate:

Neighborhoods with a future in Freiburg: Littenweiler & Wiehre

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

Pierre Bruns: Freiburg has a lot to offer and no matter which of the 28 districts someone moves to, it is always beautiful! We are also noticing that more and more people want to combine city life with proximity to nature.

Every district of Freiburg is special and unique.

Even if you know them all and have lived here for a long time, it’s hard to make a decision. Littenweiler, Wiehre, Zähringen and Herdern are of course in vogue with families. The fact that these districts have quasi direct access to nature is very attractive. For students and singles, the districts of Altstadt, Oberau, Stühlingen or Betzenhausen can be interesting. There is definitely something going on here day and night. A small tip for the future is the district Brühl at the old customs hall.

There has been a very great development here in recent years with many new buildings. This could become a new place-to-be in the future. Of course, this is also a matter of taste. As real estate agents in Freiburg, we are sure that the districts that are particularly in demand in Freiburg will remain in demand in the future.

On our website brumani.de we have also created a small subpage for each district, where everyone can get detailed information about the respective district.

Development of the real estate market: rising purchase prices

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

Pierre Bruns: It is probably no secret that purchase and rental prices in Freiburg have risen rapidly. The market value development over the last ten years in Freiburg is between +96.1% and 108%. Forecasts predict that there will be a small dip next year. By the end of 2023, market values will be back at current real estate prices. Which forecast will ultimately come to pass remains to be seen; no one can look into the future.

Regarding rents. Due to the constantly rising purchase prices, it is also no wonder that rents are increasing. In 2017, the average price per square meter for a 40m² apartment was €14.20. In 2019, the average rental price in Freiburg was then already at 15.40€. We assume that rents will continue to rise in the future. Please visit our website to learn more about the price developments in the individual districts of Freiburg.

Buying or renting real estate: Risks with the loan

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

Pierre Bruns: With current interest rates, it is of course very lucrative to buy a condominium. Provided the property is in good condition and is bought at a fair market price. If you are considering buying an apartment or even a house in Freiburg, you should basically consider how much equity you bring with you and what risks you are taking on with a real estate loan.

In addition, you should definitely prepare a profit and loss account. This way you will definitely make sure that the purchased property does not only cause expenses. A real estate purchase is always a very individual and should be very well thought out.

The first home of one’s own in Freiburg: Opportunities for financing

FIV: Anyone who rents in Freiburg im Breisgau 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?

Pierre Bruns: You raise an important point there! The long-term burden of a real estate loan should not be underestimated. Especially with the first condominium, it is important to contact several financial advisors and to look closely at the current interest rates. Another typical mistake made by first-time buyers is not informing themselves extensively about the location and the living experience of the purchased property.

In any case, look at several different properties. Find out about the location, transport connections, public facilities and the quality of life in the respective region. Although Freiburg is a very green and lively city, each district has its own charm. Perhaps you would prefer to get out of the city life and move to one of the communities bordering Freiburg.

Incidental purchase costs and land transfer tax

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

Pierre Bruns: When selling real estate in Freiburg, which is part of the state of Baden-Württemberg, a real estate transfer tax of 5% must be paid by the buyer. In addition, there are the notary fees and the broker’s commission. Since the end of 2020, both buyer and seller bear the brokerage costs equally. If the real estate agent and the owner consequently agree on a commission of 3 percent, the agent may also demand up to 3 percent from the buyer.

The costs for the notary and the land registry are borne by the buyer alone, which is about 1.5% of the purchase price. In total, the buyer can add another 10% to the purchase price when buying a property.

The purchase costs at a glance:

• Real estate transfer tax: 5%
• Brokerage costs 50/50
• Notary & land registry fees: 1.5%

Freiburg’s cemetery:

Tips for investors in Freiburg im Breisgau

FIV: Freiburg im Breisgau neighborhoods for real estate investment – Let’s move on to real estate as an investment in Freiburg im Breisgau, 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 Freiburg im Breisgau would you recommend to a buyer for their capital investment in Freiburg im Breisgau? In your opinion as an expert, where do the most future opportunities lie?

Pierre Bruns: Freiburg is currently a paradise for investors, because constant rental income is very secure here. The vacancy rate is 0.4 percent and the city of Freiburg is actively combating misuse and vacancies, because demand is high! We firmly believe that real estate investors will have no problem finding a suitable tenant in all of Freiburg’s districts in the future.

The Brühl district could be particularly interesting for the future.

As mentioned earlier, the infrastructure in Brühl is being expanded further and further and many new construction projects are being built. In February 2019, 60 percent of Freiburg residents voted in a referendum for the construction of the new Dietenbach district. Here, living space
for 16,000 people will be built, which naturally offers a lot of potential for real estate investors. The new district is located in the west of Freiburg, adjacent to the Rieselfeld district.

Types of real estate with a future – new buildings as capital investment

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

Pierre Bruns: There is no standard formula for this, because there are always several factors that play a role in a real estate investment. Ultimately, it always depends on one’s own purchasing power and the interests that a real estate investor brings with him. Both small and large properties can be interesting for investors. Due to Freiburg’s reputation as a student city, smaller properties will always be in high demand.

However, the larger properties are very popular with families. Pay close attention to the condition of the object in the case of existing properties. The big advantage is the lower purchase price compared to newly built properties. Usually there are already tenants in the property, so the rental income is already ongoing. New buildings are interesting for capital investments, because you can deduct a part of the acquisition, production and maintenance costs for the purchased property from your taxes.

This is not the only reason why new buildings are very popular with investors; they usually retain their value very well and are equipped with modern facilities. However, the price and location are also decisive here. It is no secret that the location of a property is a central factor in any purchase.

Sell house or apartment in Freiburg im Breisgau

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 Freiburg im Breisgau, 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 successfuly sell a property in Freiburg im Breisgau?

Pierre Bruns: To provide sellers with the best possible support when selling their property, we have compiled guides and checklists for a successful property sale. By these private owners receive detailed pieces of advice and practical Tipps. The councellors and check lists can download themselves everyone free of charge on our web page brumani.de.

Thanks to Brumani Real Estate for the interview!

Buying your first apartment: 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.

• Buy first apartment

Rent, buy, live in Freiburg

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

• Real estate agent in Freiburg

Rent, buy, live in Oldenburg

A good start in the real estate world is always the purchase of the first apartment. Ingo Eden of Eden-Ehbrecht Immobilien explains in his interview with FIV Magazine his experiences with real estate in a good D-location. The return on investment here depends on the type of house or apartment. For example, microapartments have different exploitation possibilities than single-family homes. The meso location is also decisive in pricing, whether in Eversten, Thomasburg and other districts such as Haarentor and Wechloy.

This is Oldenburg in Germany:

Oldenburg again from close up:

Rent: Contract & Settlement

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.

Buy: Return on investment through real estate

In our interview, you can find out everything about real estate and returns in Freiburg. Should you buy a property in Oldenburg or is it more worthwhile to buy nearby, for example in Rastede or Wardenburg? Or you can find a property in another city in Lower Saxony.

Real estate agent interview about real estate in Oldenburg

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

Eden-Ehbrecht Immobilien: Interview Partner

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

Ingo Eden: When we founded our real estate agency in 1999, we started with the slogan “Oldenburg’s new first address for real estate”. In the meantime we stand for nearly 23 years for trustful and reliable service approximately around the sales and the letting of high-quality living real estates and trade real estates in Oldenburg and environment.

Our customers and partners entrust us with high assets. Naturally, a high standard of service is particularly important to us. Confidentiality, reliability and intensive and personal communication are therefore the basis for a long-term and successful cooperation.

We are happy to be measured against this maxim every day.

Our claim is now underlined by the numerous awards and customer reviews we have received over the years. Most recently, Eden-Ehbrecht Immobilien was awarded the IDA Award 2022 for the second time. The Real Estate Service Provider Award is presented annually as an industry award by a jury of experts from BVFI, the Federal Association for the Real Estate Industry, together with the German Real Estate Fair.

Special attention is paid to reliability, service, appealing and versatile offer, trustworthiness, accessibility, communication and transparency of processes. Already in 2017, we received the coveted award and were even named one of the top 50 real estate agents in Germany in this context!

In addition to the industry awards, we are also particularly proud of our now 500 customer reviews with an average of 4.6 out of 5 stars, which confirm and motivate us every day in what we do.

The best real estate in Oldenburg

FIV: As a real estate agent in Oldenburg, which properties do you personally prefer to broker?

Ingo Eden: Of course, it is a special honor and pleasure for us when we are entrusted with so-called lighthouse projects or projects that shape neighborhoods for marketing. Such properties are always an exciting challenge, as they are often complex in structure and very long-term in marketing. It takes a lot of know-how, experience and stamina, things that we have proven to have after all this time.

The DREI HÖFE, for example, are one of these special projects that set new standards and will develop their appeal far beyond the city limits of Oldenburg. The Drei Höfe are being realized by four renowned companies that have already been responsible for a large number of projects in and around Oldenburg.

The trend-setting mixed concept combines hotel, gastronomy, retail, urban living and working on a total of 9,500 m² on five floors and a high level.

Eden-Ehbrecht Immobilien has successfuly marketed a large number of such projects in the past. This proves to us again and again that we can always prevail over other market participants with personality, expertise, reliability and many years of experience!

The Eden-Ehbrecht Real Estate Team:

Neighborhoods with a future: leisure and families

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

Ingo Eden: Which district is the right one is, of course, a very individual decision. For singles and couples, the area around the Old City Harbor could be interesting. In recent years, an attractive neighborhood close to the city center has developed there in a prime waterfront location. Modern architecture, a good infrastructure paired with the proximity to various restaurants, cinemas, theaters, museums and the offers of the city are certainly very exciting for younger new Oldenburger.

Families who are looking for a house with a garden naturally have other requirements. Proximity to nature, schools and the like are more important here. They often opt for the outskirts of the city. Here, the development area on the former air base site is a possibility if you are still looking for land for a new building.

People like to live closer to the city center in Bloherfelde or Eversten.

Here, however, it is currently rather multi-family houses that are being built by densification of the older structure. It will be difficult or expensive to get hold of a plot of land for a new single-family house. If you are looking for the typical Oldenburg doghouse, you will of course be happy to look for opportunities in the Dobbenviertel or the Gerichtsviertel.

In general, however, the demand in Oldenburg has been so high in all areas for years that one has to be quite patient to find or build the house of one’s dreams.

Development of the market: rising rents

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

Ingo Eden: Demand for rental apartments in Oldenburg has been above average for years. Oldenburg is one of the few cities of its size that has grown continuously and will continue to do so for some years to come. Despite high construction activity, especially in the smaller residential segment, supply is lower than it has been for a long time. This is likely to remain the case for some years to come.

The effects of the pandemic have certainly eased the situation somewhat. Nevertheless, you should start looking early enough to find something suitable.

In terms of prices, the trend means that rents are rising steadily in both existing and new buildings. Particularly in preferred locations and in the new-build segment, we have now definitely reached big-city level in Oldenburg.

Recommendations in Oldenburg: long-term orientation

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 Oldenburg?

Answer: Since the situation in Oldenburg, as described above, is currently not quite easy and prices are relatively high, this is certainly a question of long-term orientation. If you plan to find your new home in Oldenburg, a purchase can of course make sense. For a limited time, renting certainly makes sense. If you are new to Oldenburg and don’t know your way around yet, we like to advise you to first look for a rental apartment, get to know Oldenburg and the various districts, and then get a picture of the city on the spot.

This certainly also facilitates the search, as one can then react to offers accordingly at short notice. The dream properties at reasonable prices are rare and accordingly quickly allocated.

The first home: mistakes in the purchase

FIV: Anyone who rents in Oldenburg 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?

Ingo Eden: A typical first-time buyer mistake would of course be to purchase property without the support of a professional, such as an experienced real estate agent. The assessment of a property, whether new or existing, is relatively extensive and complex. If you do not know exactly what you should pay attention to, you can of course quickly make decisions that you may later regret or pay dearly. Especially in a tight market like Oldenburg, where quick decision-making is often the key to being able to buy a property at all.

As the saying goes, he who commits himself for eternity will be tested.

You should consult a specialist and not let the seller put you under pressure. Only when you are sure that the location, condition and price match your expectations should you make a decision. If any of this is still unclear, perhaps it was not yet the right object.

Incidental purchase costs and land transfer tax

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

Ingo Eden: The standard items here are, on the one hand, of course the land transfer tax, with currently 5% of the purchase price in Lower Saxony. Then approx. 1.5 – 2% for the notary and all necessary formalities must be calculated in. Depending on whether you buy the property through a real estate agent, you usually have to calculate up to 5.95% commission. According to the new legal situation, the seller and the buyer share the commission half each in the case of real estate for own use.

An overview of ancillary purchase costs:

• Real estate transfer tax: 5%
• Notary & land registry costs: 1.5-2%.
• Brokerage commission 50/50: 5.95%

Oldenburg from the bird’s eye view:

Real estate in Oldenburg as an investment

FIV: Oldenburg neighborhoods for real estate investment – Let’s move on to real estate as an investment in Oldenburg, 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 Oldenburg would you recommend to a buyer for their capital investment in Oldenburg? In your opinion as an expert, where do the most future opportunities lie?

Ingo Eden: First of all, you would have to talk about whether it should be a residential property, commercial property or mixed property for investment. Since Eden-Ehbrecht Immobilien is now definitely one of, if not the largest commercial broker in Oldenburg, there is definitely a lot of potential here for experienced investors.

The very high demand for properties of all kinds certainly does not make it easy for new investors to enter the market in Oldenburg at the moment. Project developers are currently prepared to pay above-average prices per square meter. There is a lot of competition with other investors. Experience, speed and liquidity are often the decisive factors here.

Interesting places for investments: security and sustainability

In principle, you can certainly say that any options within the beltway are very interesting and certainly sustainable in the long term. But you certainly can’t go wrong in any urban area with a good, established infrastructure at the moment. New buildings with reasonable amenities and a price level in line with the market are currently not vacant for long in any urban area.

Interesting satellites have certainly always been Bad Zwischenahn and Rastede. But also the areas between the satellites and the urban area have become very interesting in the meantime.

What is certainly important in the long term is above all sensible financing, control of construction costs and price expectations in marketing. If an owner is dependent on having to rent out his property at very high prices per square meter for over 30 years, this can become problematic at some point in the face of demographic change and declining demand.

The best types of real estate in the city

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

Ingo Eden: The most popular form of investment at the moment is certainly the new multi-family house. 4-family, 6-family, 8-family, 12-family, depending on the property and the available liquidity. Especially the densified properties in popular urban areas are certainly attractive in the long term. With possible proximity to university, police academy or even clinics, smaller residential units are probably the right choice.

In structurally more mixed areas, a reasonable mix of smaller, medium and larger units will ensure long-term rentability. If you’re lucky, you can certainly buy an existing property with several parties in areas close to the city center, such as the Dobbenviertel or Gerichtsviertel. In the recent past, however, these have tended to be lucky cases.

The market for commercial real estate is certainly even more specialized. The opportunities to invest here are mainly used by expanding companies or strong project developers.

Living room of an apartment in Oldenburg:

Tips for selling real estate: expertise & experience

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 Oldenburg, 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 successfuly sell a property in Oldenburg?

Ingo Eden: The first and best step would of course be to call or email Eden-Ehbrecht Immobilien. We have the expertise and experience to accompany the entire process from the first to the last step and to lead it to success together. As a seller, you certainly don’t do anything wrong, but everything right.

But seriously. If you want to sell a property in Oldenburg, we would recommend doing it together with a “professional” such as a real estate agent like us. Assessing the condition, market value and chances of selling are a bouquet of challenges that you don’t necessarily get right the first time. This is where experience will make a significant contribution to success.

Many owners think, if you carry out a free real estate evaluation on the Internet at one of the popular portals “evenly”, that they are then already well positioned. Here often only data are queried, in order to sell these then further to a broker. These companies act first of all in their own interest.

With real estate agent to successful sale

So recommendation would be to find out who are the best local real estate agents that can help you sell. After all, they still know the market the best. Look for customer reviews, experience, references as well as prompt communication once you have made contact. Invite a selection of 1, 2 or a maximum of three agents to meet them in person and show the property.

You will then usually receive appropriate estimates and valuations for the sale of the property. When making the comparison, it is especially important not to go by who gives them the highest selling price. That would be too easy.

In a hotly contested market like Oldenburg, some sellers like to use this method to get orders quickly. Because owners would naturally like to sell at the best possible price. But if the stated selling price is 20-30 percent above market value, disappointment quickly follows, with a reduction in the selling price.

Cooperation in the sale: important documents

Above all, sellers should listen to their gut feeling as to who they could imagine working with, regardless of the final price. The sale requires quite intensive assistance in terms of documents, appointments and so on. Above all, the “chemistry” should be right.

Some sellers use the information of the brokers, in order to sell the real estate then nevertheless themselves, because you shun perhaps the meanwhile half commission. That must know then everyone itself.

As one of the most and best rated real estate agents in Oldenburg, with over 20 years of experience and countless references in all areas, we are of course convinced that it definitely makes sense to sell a property with a professional at your side. The result will usually always be better than if you try it alone.

Thanks to Eden-Ehbrecht Immobilien for the interview!

Buying your first apartment: 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.

• Buy first apartment

Rent, buy, live in Oldenburg

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

• Real estate agent in Oldenburg

Rent, buy, live in Frankfurt

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

Here Frankfurt is located in Germany:

Frankfurt up close:

Rent: Contract & Settlement

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.

Buy: Return on investment through real estate

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

Real estate agent interview about real estate in Frankfurt

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, she provides the answers.

Lydia Ishikawa Real Estate: Interview Partner

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

Lydia Ishikawa: As an owner-managed company, we have been active in the Frankfurt real estate market for 30 years. Our main focus is the marketing of high-quality residential and commercial real estate, including both rentals and sales. Our international, well-trained and very experienced team is at our clients’ disposal with full commitment.

Favorite real estate: old building or new construction

FIV: As a broker in Frankfurt, which properties do you personally prefer to broker?

Lydia Ishikawa: We actually broker any property, but we are fortunate in that I can select the right employee depending on the type of property. So among us there are lovers of old buildings, Bauhaus lovers, lovers of new buildings. I personally love the 50s and 60s buildings.

The Lydia Ishikawa Real Estate Team:

Neighborhoods with a future: Lerchesberg & Nordend

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

Lydia Ishikawa: My favorite part of town is Sachsenhausen. Sitting outside in the evening on Schweizer Straße in one of the many restaurants is like a day’s vacation. In Sachsenhausen-North there are beautiful old-style buildings, Sachsenhausen-South is known for its single-family houses and Lerchesberg for its villas.

For young people the Nordend is a good address

Here, within walking distance of the city center, there are not only numerous well-maintained apartments in old buildings, but also many restaurants and shopping opportunities. If you want to live a little outside, then the Riedberg is a good place. Many families have settled here.

Real estate market development: policies and supports

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

Lydia Ishikawa: In Frankfurt, there is a lack of housing for low-income earners. Here, the policy of privatizing social housing is still making itself felt. The rental prices for new apartments show an upward trend, because here the rent index does not apply.

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 Frankfurt?

Lydia Ishikawa: With interest rates still low, I would recommend young people to buy. Here I would also like to see more help from the state for young families.

First home through credit & financing

FIV: Anyone who rents in Frankfurt 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 the financing. What are typical first-time buyer mistakes from your experience as a real estate agent, and how can you avoid them?

Lydia Ishikawa: Often the loan installment is lower than the rent would have been, depending on how high the equity portion was. In this case, you can invest in real estate with peace of mind, because if you relocate, you could rent out that apartment and use the income to pay off the loan. When buying, however, one should make sure that the apartment is also rentable. For example, a 100-square-meter two-room apartment that was ideal for owner-occupancy will be far more difficult to rent out than one that is only 60 square meters.

An apartment in downtown Frankfurt:

Incidental purchase costs and land transfer tax

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

Lydia Ishikawa: Incidental costs in Frankfurt, and actually in Germany in general, are very high. The biggest item is the land transfer tax of 6 percent in Hesse, followed by brokerage costs of 3.57 percent and notary and transcription costs of 1.5 percent.

• Real estate transfer tax: 6%
• Brokerage costs: 3.57%
• Notary & transcription costs: 1.5%

Real estate as an investment: What has a future?

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

Lydia Ishikawa: I would recommend Sachsenhausen, Nordend, Westend, Riedberg and the Europaviertel.

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

Lydia Ishikawa: With the existing property, I know what I’m getting, and the numerous defects that have to be worked out in new buildings have already been taken care of. In addition, prices for new-build apartments are already very high at the moment. Two- and three-room apartments for singles and dinks, i.e. couples with “double income, no kids,” are interesting here, but also single-family homes for young families.

The best districts for capital investment:

• Sachsenhausen
• North End
• Westend
• Riedberg
• European Quarter

Experience in the sale in Frankfurt

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 broker in Frankfurt, 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 successfuly sell a property in Frankfurt?

Lydia Ishikawa: The first step is realistic pricing. You should rely on the judgment and experience of experts. They are close to the market and can judge it best. When selling real estate, I also recommend choosing an experienced, trustworthy broker who specializes in the type of real estate your property is selling, and then staying in close contact with this expert.

FIV: Thanks to Lydia Ishikawa Real Estate for the interview!

Buying your first apartment: 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.

• Buy first apartment

Rent, buy, live in Frankfurt

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

• Real estate agent in Frankfurt

Rent, buy, live in Braunschweig

A good start in the real estate world is always the purchase of the first apartment. In his interview with FIV Magazine, the Welfen Immobilien team explains their experience with properties in a good C-location. The yield here depends on the type of house or apartment. For example, microapartments have different exploitation possibilities than single-family homes. Location is also a decisive factor in pricing, whether in Elmaussicht, Mascherode and other districts such as Rühningen or Stöckheim.

This is where Braunschweig is located in Germany:

Brunswick from close up:

Rents in Braunschweig: Price orientation of the city districts

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 in Braunschweig: yield and ancillary costs

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

Interview about real estate in Braunschweig

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

Guelph ImmoService: Real estate agent interview

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

Answer: We rent and sell properties in the area of Braunschweig, Wolfenbüttel and surroundings. From the 1 room apartment to the apartment building, everything is possible with us.

Favorite properties: architect homes & franchises

FIV: As a real estate agent in Braunschweig, which properties do you personally prefer to broker?

Answer: We care about every customer, whether it’s a small apartment for rent or an architect’s home, every customer gets the same attention. We also have a strong presence in commercial leasing and serve many clients with start up businesses or franchises looking for new locations.

New building with loft apartments in Rühningen:

Neighborhoods with a future: Ostring & parks

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

Answer: Very popular in Braunschweig is the eastern ring with its large parks, but there are unfortunately big problems with parking spaces. For some years now, the western part of Braunschweig has been in trend, with many redeveloped apartments and suitable rental prices.

Development of the real estate market in Braunschweig

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

Answer: Due to the energy efficiency measures, rents have also risen sharply in Braunschweig. In principle, a rental price of between €8 and €11 is acceptable in our
catchment area the norm. In the future, a lower increase in rents is to be expected due to the many new buildings.

Broker recommendations for price orientations

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 Braunschweig?

Answer: We recommend that young couples with a secure income buy as early as possible. A property represents a secure retirement provision if it is bought in the right price range and buyers should in any case have at least 10 percent equity capital at the time of purchase. An important point is good advice on the purchase, including financing. With the first real estate purchase price should not be too high, often one must make the customers consciously like long it lasts until the buyer can call the object its own.

Garden of a property in Mascherode:

From apartment to single-family house buying in Brunswick

FIV: Anyone who rents in Braunschweig 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?

Answer: A property that is too large or a purchase price that is too high.

We recommend! From the apartment to the house is the healthy way.

If a foundation has already been laid by a paid property and a profit can possibly be made on the sale, this is the best way to build a new home; i.e. a single-family house.

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 Braunschweig expect?

Answer: In Brunswick, the buyer must expect a little over 10 percent in ancillary acquisition costs, this is ideally available as equity.

2-storey family house in Brunswick:

Real estate as an investment: Where to buy?

FIV: Let’s talk about real estate as an investment in Braunschweig, for those who want to buy and rent. If our reader decides to buy, with subsequent renting: Which 2 districts or satellites around Braunschweig would you recommend to a buyer for their capital investment in Braunschweig? In your opinion as an expert, where do the most future opportunities lie?

Answer: In the western area of Braunschweig and Wolfenbüttel with good connections to Braunschweig.

Real estate with a future: commercial units or Tiny houses

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

Answer: Small commercial units for redevelopment, as well as properties in outlying areas. New construction only if the builder is a professional. Or expansion of existing properties
through extensions or additions. Tiny houses are also on the rise, as they can be built on small areas.

Selling a house or apartment: What to do?

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 Braunschweig, 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 successfuly sell a property in Braunschweig?

Answer: It is best to go through a broker with experience, owners are usually bad sellers because they are emotionally attached to the property.

Thanks to Welfen ImmoService for the interview!

Buying your first apartment: 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.

• Buy first apartment

Rent, buy, live in Braunschweig

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

• Real estate agent in Braunschweig

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:

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 successfuly 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 successfuly? 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

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Rent, buy, live in Rostock

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