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 Braunschweig

Our interview partner specializes in the brokerage, sale and rental of real estate in Braunschweig. We talked to the real estate agent team from Braunschweig in an interview about attractive districts, financing options and the Braunschweig real estate market. Here you can learn everything about buying your first home, different types of houses and apartments.

Brunswick at a glance:

Brunswick from close up:

Rents: Family-friendly neighborhoods

You have decided to rent a house or apartment? Then you should definitely know more about bedroom furnishing and beautiful terrace design. Home is where you feel comfortable!

Buy: Invest and capital investment

Find your new home in attractive districts of Braunschweig such as Bebelhof, Elmaussicht or Gliesmarode and avoid serious mistakes in your purchase! You can find out here which questions you should answer before buying your property! Are you also interested in other cities? We have selected other interesting real estate agents in cities such as Düsseldorf, Aachen and Duisburg.

Interview: Real estate in Braunschweig

In an interview, we got to know a real estate company from Braunschweig better and asked everything about real estate, renting, buying and capital investment. In this article you will also learn which questions you should answer before buying a property.

Real estate agent Adner & Partner: Interview Partner

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 Adner & Partner Immobilien. Could you briefly summarize for our readers what your agency does and what you specialize in?

Adner & Partner: Our focus is on the sale and rental of residential real estate. We specialize in condominiums and single-family homes. In addition, we broker investment properties, such as multi-family houses or rented condominiums. In addition, we regularly set up new construction projects, which are realized with a friendly architect and developer.

So far, 5 apartment buildings have been built in Braunschweig and Wolfenbüttel and sold by Adner & Partner Immobilien. The next new building project in Braunschweig is about to start marketing. For our new building projects we are permanently looking for plots and/or dilapidated houses.

Small apartments in the center of Brunswick:

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

Adner & Partner: Basically, for me, there is no such thing as a “favorite property.” What always feels nice, however, is when people enter new stages of life in their new home. The young couple moving into their first home together or older gentlemen moving in close to their children and grandchildren regularly radiate happiness and contentment. That is always beautiful to witness. That makes me and my small team happy and also a little proud, because we are allowed to accompany people in this process.

Districts that have a future: Stöckheim, Melverode, Ring area

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?

Beautiful corners for families with child

Adner & Partner: Braunschweig has so many beautiful corners to offer. There is something for everyone. The green districts on the outskirts of the city, such as Stöckheim, Melverode, Mascherode or Südstadt, are ideal for families with children. Equally suitable are Lehndorf or Kanzlerfeld in the west of the city. Those who appreciate living in the city are in the right place in the Westliches Ringgebiet and the city center. The Östliche Ringgebiet is traditionally extremely popular and this standing will probably never end.

The proximity to the city and to the university, good shopping opportunities, numerous kindergartens, schools and a friendly atmosphere make the eastern part of the city so desirable. Even more popular are the Walllagen along the Oker River, which is located on the edge of the city center. Here live all those who appreciate a life in the city and can afford to buy a property here. On our website, we have compiled an overview of selected city districts, which provides information on real estate prices and infrastructure.

Melverode: Popular district in Braunschweig

Development of real estate prices: Purchase and rental prices

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?

Adner & Partner: Overall, the current market is characterized by high demand and scarce supply. This again led to strong price developments for condominiums and houses in 2021. On average, the price of existing apartments in Braunschweig rose by around 13.5 percent. Prices of single-family homes rose by around 16 percent. In the period under review, rents for existing apartments in Braunschweig rose by around 4 percent. The rent brake, the lowered cap of 15 percent and the rent index had a regulating effect here. I currently find it difficult to predict future price trends.

Will real estate prices in Braunschweig continue to rise?

If you had asked me before the war in Ukraine, I would have predicted a price increase for apartments of 4 percent and for houses of 7 percent. I would have put rent increases at 3-4 percent. Today, I estimate that rents in Braunschweig will continue to rise by about 4 percent per year. Existing real estate, especially apartments, is a crisis-proof form of investment and prices for them will certainly continue to rise. Presumably, 2-digit growth rates will once again establish themselves on the market.

As long as the interest rate landscape does not change significantly, population development in Braunschweig and the surrounding area remains on a growth trajectory, and insufficient construction activity does not pick up speed, no downward movement is expected for the time being. Despite the city of Braunschweig’s welcome construction offensive, it will not be possible to meet the demand for housing. The expected wave of refugees from Ukraine further underscores my assumption. In addition, a strong economic and university landscape ensure that Braunschweig’s real estate market will continue to be characterized by strong demand.

Living room in a 2-room apartment:

Should you rent or buy at this point?

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?

Adner & Partner: This question is not so easy to answer, because the choice depends very much on individual plans, personality and various factors. Thus, no general statement can be made. Some points should always be considered before making this far-reaching decision. The young couple as well as the single person should be clear about if and when the family should grow or the professional situation could change. Because with property, the spontaneous move is already somewhat limited.

Buying a property: basic security

Once the right property has been found, the fixed interest rate should be designed for the long term so as not to run the risk of being overburdened with the repayment when interest rates rise.
Basically, however, I am of the opinion that buying a property is the better choice, because it offers a certain security against rising rents or a termination of the lease. During our viewings, we hear relatively often about own needs as a reason for the upcoming move. In addition, a property owner pays off his own property and not that of his landlord. Owning your own property therefore represents a solid investment for retirement provision.

Home and condominium: buying in the city

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?

Adner & Partner: In general, if you rarely buy real estate, it’s best to get a professional to accompany you, who can save you from high losses. You will quickly notice a damp basement. The unauthorized attic conversion recognizes the real estate professional, with conscientious work. The layman does not. That is why we recommend every prospective buyer to organize an expert for a second inspection and not to spare the costs for it.

Here you can see an example of an old building apartment in Braunschweig:

Declaration of division for owners: Read carefully!

A purchase without checking the real estate documents from the construction file also represents a major risk. The documents that a buyer should definitely read carefully are the declaration of partition including all amendments as well as the allocation of any special rights of use to garden areas or parking spaces. A current excerpt from the land register, the collection of resolutions from the last 5 years and the building file already mentioned help to get a good overview and help to decide whether the property can be purchased or not.

In addition, no property should be purchased without an inspection or time pressure. Buyers should never be pressured into a quick or hasty purchase. In order to develop a feeling for the right price or the living space that is really required, it is advisable to view several properties that come close to the desired object.

Incidental costs and taxes: This is what you should know!

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

Adner & Partner: The so-called ancillary purchase costs for an existing property amount to approx. 11% of the property price. They consist of: Real estate transfer tax in Lower Saxony (5%), brokerage fee (usually 3.57% including tax) and notary and land registry costs (approx. 2%). For modernization or renovation, depending on the condition of the property, an additional amount should be considered. For a basic renovation, roughly between 500 and 700 € per square meter will be incurred. If only individual measures are to be carried out, lower costs will be incurred.

The most important at a glance:

• 11% Incidental costs of the real estate price
• Real estate transfer tax: 5%
• Brokerage fee: 3,57%
• Notary- land registry costs: 2%
• New buildings: Incidental costs further 10%

New buildings: Factor in another 10 percent in utility costs

For new buildings that are offered “turnkey”, we recommend our buyers to plan in an additional 10% of the purchase price in addition to the above-mentioned ancillary purchase costs. This can then be used to pay for painting, flooring, additional equipment (larger number of sockets and switches or, for example, a higher-quality bathroom). It will probably also be possible to pay for the fitted kitchen, which has yet to be installed. We always find when selling our new-build apartments that owner-occupants upgrade when it comes to fixtures and fittings, and those who want to rent out tend to make do with the standard fittings. Future landlords will probably be able to get by with less than 10%.

Here is a new construction kitchen from a Brunswick apartment:

Real estate as financial security

FIV: Brunswick neighborhoods for real estate investment – Let’s move on to real estate as an investment in Brunswick, 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 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?

Adner & Partner: In principle, the districts adjacent to the city center are certainly a good recommendation. For example, the western and eastern ring areas. Purchase prices in the Westl. Ringgebiet are below those in the Östl. Ringgebiet. In addition, there are currently more apartments for sale in the West Ring area than in the East Ring area. Anyone who buys and rents here is not making a mistake.

Market participants should be flexible nowadays

However, the shortage of properties for sale requires a certain flexibility on the part of market participants. The willingness to buy and rent in other parts of the city cannot hurt. An example to illustrate this: For every property on offer in the eastern ring area, around 108 people are willing to buy (with 17 offers). In the western part 79 seekers come to an offer (with 22 offers). So anyone who wanted to buy exclusively in the eastern part may have to switch to the western part. It becomes even clearer, for example, in a comparison between Nordstadt and the Westl. ring area.

In March 2022, the northern city has 43 offers for sale on Immobilienscout. In contrast, there are 1644 seekers. This means that there are only around 38 potential buyers for every offer. The chance of a purchase is therefore much higher here and renting is no less feasible in Nordstadt than in other parts of the city.
For investors or owner-occupiers, the following applies: The search profile should not be too narrow and there should be an openness to several locations.

Development potential: falling prices between city districts

Future opportunities or development potential always exist where there is a price differential between the districts. However, this has become smaller and smaller in the last 5 years and even in the traditionally unpopular districts, such as Braunschweig’s Weststadt, property prices have risen sharply. In this context it should be said that the Weststadt has an absolutely intact infrastructure and the district is much better than its image. By the way, on our homepage we have published a district report with currently 13 districts incl. market report for Braunschweig.

Districts with development potential:

• Veltenhof
• Turn over
• Watenbüttel

Investors could take a closer look at these districts.

Investing in different types of real estate: what is worthwhile?

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

Adner & Partner: According to our current market research, 3-4 room apartments are most frequently sought in Braunschweig. Close behind are apartments with 2-2.5 rooms.
Apartments between 76-95 m² are extremely sought after. Followed by 56-75 m², which are sought almost as often as apartments between 96- 110 m². In summary, it can be deduced that the 3-4 room apartment with a living space between 76 and 95 m² is the ideal rental property.

Frequently searched in Brunswick:

• 2 – 2,5 room apartment
• 76-95 m² apartment
• 96- 110 m² apartment

However, the evaluation also shows that it can make sense from an investor’s point of view to use 2.5 room apartments. It is important that there is space for a small home office. Furthermore, in our experience, an apartment that is to be rented quickly and well should have a balcony. It will be perfect if the bathroom is equipped with a window. Whether it is a new building or an existing one is decided by the investor’s wallet. My personal preference is the new construction apartment.

Typical mistakes when buying real estate: checklist

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?

Adner & Partner: Selling a property is a complex process in which many decisions have to be made and all the individual steps have to be carefully planned and worked through in sequence. Thoughtful preparation and planning – these are the most important secrets to success when selling a property. This is true for sellers who want to sell without an agent as well as for real estate agents. The success of a real estate transaction lies in the preparation. This includes the selection of the real estate agent.

My recommendation is to choose a broker from the region.

This is where the regional real estate agent plays his advantages, because he knows his area of activity. A real estate agent from the region knows from his daily work how the local real estate market works and what peculiarities prevail. The so-called hybrid brokers, which we all know from TV commercials, usually can’t keep up.

Here once again the office of the Adner & Partner agency:

The essential questions a salesperson should answer:

• By when must the property be sold?
• When should the tenants or myself move out?
• Which sales strategy do I want to use?
• What price do I want to achieve and is it realistic?
• Which advertising media (newspaper, Internet) should be used?
• How much do you have to invest during the sales process?
• How do I ensure my accessibility?
• What information do I give on the phone?
• How do I ensure that the buyer is solvent?
• If these questions are clarified, then nothing stands in the way of a successful real estate sale.

Rent, buy, live in Braunschweig

The real estate market in Braunschweig 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 10 best real estate agents from Braunschweig, who can make your dream of your property possible.

• Broker Brunswick

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