Rent, buy, live in Gelsenkirchen

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

Gelsenkirchen at a glance

Gelsenkirchen from close up:

Rent: Tips on price development

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: Good yield and districts

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

Real estate and market in Gelsenkirchen: The interview

In an interview, we got to know a renowned real estate company from Gelsenkirchen better and asked everything about the real estate world. Here you will learn everything from incidental costs to the best investments.

Interview Partner: Schenk Real Estate

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

Thorsten Schenk: We mediate any type of residential real estate such as condominiums, houses, apartment buildings and land. Here we purchase and letting made. In addition then still objects on the favorite island of the Germans Mallorca come. Of course we also mediate commercial properties. As a further service we offer the mediation of notaries, lawyers, financing and craftsmen. Also we have now care real estate and micro apartments in the offer.

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

Thorsten Schenk: The company Immobilien Schenk prefers to broker residential properties of any kind. Commercial properties of any kind are also interesting, because they are always different and you always see new facilities and buildings.

Gelsenkirchen district:

Districts with a future: Buer, Sutum & Resse

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

Thorsten Schenk: The most popular districts are in the north of Gelsenkirchen with the districts of Buer, Resse, Resser-Mark, Erle and also still Sutum. But there are also very nice places to live throughout the city.

Buer is a popular district in Gelsenkirchen:

Market prices Gelsenkirchen: The development

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

Thorsten Schenk: There are many older properties in Gelsenkirchen and they need to be renovated. This means that rents could also be adjusted. Many investors are currently coming to the Ruhr region to buy properties, because there are no more properties to buy cheaply in the big cities.

Rent or buy? Broker assessment

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 Gelsenkirchen?

Thorsten Schenk: It always depends on where you personally see yourself in old age. I know many people who see their retirement home abroad. And of course it also depends on income. But in general, property is a good choice.

Real estate agent Thorsten Schenk:

Beginner mistakes when buying real estate

FIV: Anyone who rents in Gelsenkirchen 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?

Thorsten Schenk: With many first-time buyers, you simply don’t really see the monthly burden and the additional costs for managing the property. In addition, the entry prices are too high today because people want to have a property at all costs.

Taxes and incidental expenses incurred

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

Thorsten Schenk: In NRW we have 6.5% land transfer tax, for the notary you can add a good 2% and then the brokerage fee. Depending on the property and the broker, this is between 2.5% and 5% plus VAT.

Incidental costs in NRW:

• Real estate transfer tax: 6.5%
• Notary: 2%
• Depending on object/broker 2.5% to 5%

Capital investment Gelsenkirchen: Buy and rent

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

Thorsten Schenk: The districts in the north with Buer, Erle and Resse certainly have the best potential.

Living room in a single-family house in Gelsenkirchen:

Investment in conversion and expansion of old building

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

Thorsten Schenk: In my opinion, the conversion and expansion of old buildings have the greatest potential in Gelsenkirchen because of the purchasing power. I would also say smaller single-family homes with gardens.

Typical mistakes when buying 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 real estate agent in Gelsenkirchen, 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 Gelsenkirchen?

Thorsten Schenk: You have to know the local conditions in the Ruhr area and understand the language of the Ruhrpott.

Thanks to Thorsten Schenk for the interview!

Rent, buy, live in Gelsenkirchen

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

• Real estate agent Gelsenkirchen

First apartment? Step by step to capital investment

As soon as you move into your first own apartment, for most people it’s rent, rent, rent. Every month you go to work for many hours in order to spend most of it on 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 Leipzig

The optimal entry into the real estate world is the purchase of the first condominium. Our interview partner specializes in the brokerage, sale and rental of real estate in Leipzig. For this very reason, we talked about attractive districts, financing options and the Leipzig real estate market in an interview. Here you can learn everything about buying your first apartment, different types of houses and types of apartments.

Here you can see Leipzig at a glance:

Leipzig up close:

Rent: Contract & Settlement

After the successful purchase of the property and the execution of the purchase contract, you will naturally want to furnish your freshly acquired property according to its individual needs. Then you should definitely know more about bedroom furnishing and beautiful terrace design. Home is where you feel comfortable!

Purchase: Borrow

Find your new home in attractive neighborhoods of Leipzig like Connewitz, Bachviertel and Graphisches Viertel. Are you also interested in other cities in Germany? We have selected other interesting cities for you, such as Dresden, Cologne and Halle-Saale.

Real Estate Interview in Leipzig

The real estate market in Leipzig is large and complex. It is easy to lose track of the current market prices and the selection of offers. It is important to know the basic facts in order to avoid serious mistakes when buying real estate and, above all, to save a lot of money. For this very reason, we spoke with a real estate agent from Leipzig, who reveals everything about property taxes, ancillary costs, popular districts and the most effective capital investments.

Interview partner Ic Immoconsult

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

Ron Kaufmann: I founded IC Immoconsult e. K. in 2009. I am a native of Leipzig, a child of the GDR, so to speak. However, I have been in the real estate business since 1996. From this time I have business and friendly contacts until today, which is remarkable in any case. The resulting field of trust is a building block of success. Likewise, since the beginning we have received super ratings in Google and the real estate portals for our work, or for the properties. That is also a building block. And we are only successful when we have brought together satisfied landlords / sellers and satisfied tenants / buyers.

Real estate orders and target work

Ron Kaufmann: We originally came from the rental of apartments and commercial space and then had more sales transactions after the real estate crisis from around 2008. It must be clearly stated that we also enjoy renting very much, even if sales are of course more lucrative in terms of turnover. But the fun at the job stands for us in the 1st place. That is the backbone of good and goal-oriented work. In the end, we have no special preferences of the property. We look at each real estate order and develop with the client an agenda to the property.

Apartment building in Leipzig:

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

Ron Kaufmann: As described above, it’s also fun to broker difficult properties. After all, everyone can rent and sell the “raisins”, right? So there is no such thing as a favorite property.

District: A-location, student corner & center

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

Ron Kaufmann: Let me put it this way – there are not really bad and good locations, since Leipzig’s districts are clustered around the manageable center. Of course, there are AAA locations, student corners, commercial locations ect. In 2022 it is generally hard to get a dream apartment (whether renting or buying) in your dream location. Also the gap between rent and yield is widening in the meantime. So that it must be looked then rather, what gives the purse or the bank.

The “roasted pigeons” have not been flying around in Leipzig for a long time. Thanks to many project and neighborhood developments, even peripheral areas and the “Speckgürtel” of Leipzig have potential. All of them now have all the prerequisites for the private and social sectors.

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

Ron Kaufmann: On average, rents will rise if you only consider development costs and construction prices, among other things. In addition, of course, there are political decisions that regulate, among other things, the labor market, financing, etc.. But Leipzig also has a very good reputation and life here is also very pleasant for many “foreigners”.

Fitted kitchen in a single-family house in Leipzig:

Rent or buy? Broker assessment

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 Leipzig?

Ron Kaufmann: Owning a property as an investment or for personal use is not the wrong decision. A young person, of course, has an easier time with repayment than someone buying in their late 40s. But there are always third parties (bank, property location and property equipment, sense of use, equity) that play a role in what is possible and what is not.

First time buyer errors and experiences

FIV: Anyone who rents in Leipzig 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?

Ron Kaufmann: If you no longer want to use the property yourself, you can also rent it out in Leipzig so that the tenant covers the ideal loan installment. What now first-time buyer errors are exactly, I do not know so. If the buyer asks the real estate agent in advance and the buyer also informs himself somewhat in advance, few mistakes can occur.

Taxes and ancillary costs: What should you expect?

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

Ron Kaufmann: Things are still looking good, since the real estate transfer tax is still 3.5% of the sales amount in Saxony. In other federal states this goes up to 6%. The notary should be about 1.8% of the purchase price. There I can speak only for Leipzig. And the brokerage costs. This can be differentiated by the type of property.

Incidental expenses:

• Real estate transfer tax: 3.5%
• Notary fees: 1.8%
• Brokerage costs: Individual according to property type

Real estate as an investment: Best location

FIV: Leipzig districts for real estate investment – we come still to real estates as capital investment in Leipzig, 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 Leipzig would you recommend to a buyer for their capital investment in Leipzig? In your opinion as an expert, where do the most future opportunities lie?

Ron Kaufmann: There is no bad situation in Leipzig. There is demand everywhere from every social class. The better the floor plan and furnishings (e.g. also when renovated after second occupancy), the better the rent, but also the purchase price.

Here you can see an office building:

Real estate and its future opportunities

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

Ron Kaufmann: That depends on the financing possibilities of the buyer. If he pays 20,000 € monthly negative interest, he should buy a multi-family house ect. Buy the parents for their child a dwelling, which studies in Leipzig, there the situation to the university must be perhaps good. The next wants to buy cheap, high-quality renovate and “develop” the rent. The approaches are different each time and not comparable.

But in general, out-of-towners want to live in a renovated apartment in an old building, because they don’t know it from their old place of residence. Newly built apartments usually have underground parking spaces underneath. This is also a decisive factor for many people. That’s why Goethe (Leipzig is my Little Paris) and Schiller already felt at home here.

Safe real estate purchase: avoid mistakes

FIV: Lastly, 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 Leipzig, what tips can you give to those who are selling a property for the first time? What are the first steps and how to sell a property in Leipzig successfuly?

Ron Kaufmann: Find a broker you can trust. The buyer should already have an idea of the selling price. A broker is more of a price enforcer on the sales market. And getting to know each other personally on the phone is the first step. Before that, the seller should read up a bit on the broker and check his Internet presence.

A market and sales strategy is found when we know the key facts.

Rent, buy, live in Leipzig

The real estate market in Leipzig 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 Leipzig, which can make your dream of your property possible.

• Broker Leipzig

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