REAL ESTATE MARKET
By Nikolaus von Raggamby
The prices for German condominiums have risen strongly in recent years. In Dusseldorf buyer paid 14 percent more than a year ago. In Dresden and Augsburg is a double-digit increase.
The national average for real estate buyers had to pay around 4.3 percent for condominiums. This is apparent from an examination of the Hamburg market research company GEWOS out on behalf of the IFS Urban Institute. In contrast, the purchase prices for single family homes across Germany, with an increase of 0.3 percent, almost constant.
Increases above ten percent for condominiums have the Dresden region (plus 12.7 percent) and Augsburg (12.3 percent). Dusseldorf-runner but is a plus of 14.3 percent - on average apartments cost her about 157,000 €.
The most expensive paving remains Munich. Here, housing prices rose 6.6 percent to 216 000 €. And also for single-family homes must purchase willing to fork out € 417 000 with up to 60 percent more than in other cities of Germany. The largest price increases for single-family homes recorded at 6.3 percent, the region of Hamburg. Here in 2009 an average of € 224 000 was paid. The strongest sales in the housing market will take place in the surface states of North Rhine-Westphalia, Bavaria and Baden-Wuerttemberg. One end of the price increases is not yet in sight. Germany, the experts expect the wide-Ifs towns Institute for the next few years by a relatively constant prices.
Prices for condominiums in Germany
Hanover
81 800
Bremen
94 600
Dresden
103 900
Augsburg
111 500
Berlin
121 900
Central Franconia
121 900
Halle / Leipzig
130 800
Cologne
146 200
Dusseldorf
157 200
Middle Neckar
158 700
Lower Main
159 400
Hamburg
165 000
Munich
216 600
Prices for single family homes in Germany
Halle / Leipzig
87 000
Dresden
107 400
Hanover
125 900
Bremen
135 100
Berlin
166 900
Augsburg
183 000
Cologne
192 200
Central Franconia
208 200
Hamburg
223 700
Lower Main
240 600
Middle Neckar
241 800
Dusseldorf
253 800
Munich
416 700
Source: 2009 € (by region), Source: ifs Institute for Urban Design
Friday, December 9, 2011
Friday, September 2, 2011
Real Estate: How to make a good cut landlord
02.09.2011, 08:33 clock
Real estate is currently attractive to investors. At least with the right strategy for credit and tax. As apartment buildings bring attractive returns - and insurance risks can be avoided.
With the current turmoil in financial markets and the concomitant risk of rising inflation solid tangible assets such as real estate is interesting. If you have enough capital of its own, can not buy a single apartment or an entire building and rent it out. The higher risk is due to the current low mortgage interest rates compared to the chance of higher returns, which is funded by tax breaks even.
"With commercial property yields are possible from eight to ten percent per year, but the risk is even higher. For residential properties, depending on the location of three to five percent are there, "Schindler said of the KSW Udo asset management. Dieter Robl, asset manager at Capital Forum, is more cautious. For commercial properties, he expects six percent for residential properties with a maximum of four percent.
Property Value Finder: What does it cost to rent or buy
Whether a move is underway or planned is the purchase of a property: Serious information about the quality of the neighborhood are always important. Find rental and purchase prices in their neighborhood and their street.
Property Value Finder: What does it cost to rent or buy
In addition especially in the latter's potential to increase in value. Especially in recent years, demand for residential properties has risen sharply. Such growth rates are in the opinion of Schindler, but in the past. In good locations in Munich, Hamburg, Dusseldorf and Frankfurt, owners of a residential property in the future but still expect a percentage increase over inflation. For commercial properties, the prospects are less rosy. "Here the press worries before a downturn in prices," says Robl.
Tax Office contribute to the cost
But even without the increase in value can earn money with a rented property. The tax law makes it possible: While counting the income from renting and leasing of the taxable income. At the same time, the purchase price of the property are written off and used in conjunction with the letting and leasing costs, which reduce taxable income.
To purchase or production cost including the land transfer tax and any brokerage fees to a broker. From this one-off costs amount to more than 50 years, two percent annually in real estate are tax deductible, which were built since 1925, and in older properties, there are 2.5 percent over 40 years. Of a full financing of real estate experts advise from there. "The higher the credit, the higher the interest rates," says Robl. And the greater the effect a possible rate hike. Recommended is an equity share of 30 percent.
Real estate is currently attractive to investors. At least with the right strategy for credit and tax. As apartment buildings bring attractive returns - and insurance risks can be avoided.
With the current turmoil in financial markets and the concomitant risk of rising inflation solid tangible assets such as real estate is interesting. If you have enough capital of its own, can not buy a single apartment or an entire building and rent it out. The higher risk is due to the current low mortgage interest rates compared to the chance of higher returns, which is funded by tax breaks even.
"With commercial property yields are possible from eight to ten percent per year, but the risk is even higher. For residential properties, depending on the location of three to five percent are there, "Schindler said of the KSW Udo asset management. Dieter Robl, asset manager at Capital Forum, is more cautious. For commercial properties, he expects six percent for residential properties with a maximum of four percent.
Property Value Finder: What does it cost to rent or buy
Whether a move is underway or planned is the purchase of a property: Serious information about the quality of the neighborhood are always important. Find rental and purchase prices in their neighborhood and their street.
Property Value Finder: What does it cost to rent or buy
In addition especially in the latter's potential to increase in value. Especially in recent years, demand for residential properties has risen sharply. Such growth rates are in the opinion of Schindler, but in the past. In good locations in Munich, Hamburg, Dusseldorf and Frankfurt, owners of a residential property in the future but still expect a percentage increase over inflation. For commercial properties, the prospects are less rosy. "Here the press worries before a downturn in prices," says Robl.
Tax Office contribute to the cost
But even without the increase in value can earn money with a rented property. The tax law makes it possible: While counting the income from renting and leasing of the taxable income. At the same time, the purchase price of the property are written off and used in conjunction with the letting and leasing costs, which reduce taxable income.
To purchase or production cost including the land transfer tax and any brokerage fees to a broker. From this one-off costs amount to more than 50 years, two percent annually in real estate are tax deductible, which were built since 1925, and in older properties, there are 2.5 percent over 40 years. Of a full financing of real estate experts advise from there. "The higher the credit, the higher the interest rates," says Robl. And the greater the effect a possible rate hike. Recommended is an equity share of 30 percent.
Thursday, December 2, 2010
Mallorca Real Estate: No end to the price decline
As the Spanish magazine "Comprendes" reported that the Spanish real estate crisis is far from over yet. Especially Mallorca is far from over the mountain. Before the global financial crisis had market heated up enormously: Prices shot up everywhere, and was built. There is now a large oversupply, prices have really let buckle.
The magazine refers to a report by the Spanish newspaper "Ultima Hora", which refers to high discounts are talking about. Operating on the island of financial institutions have begun to sell off their homes literally. Discounts of up to 60 percent have now been achieved. At the same time go several experts predict that prices will fall further.
Particularly interested in German should this development come in handy. Many people dream of moving to Mallorca, for example, there to enjoy the remaining years. However, holiday homes and cottages are the dream of many a German. Accordingly, it is assumed that'll open in the near future a number of German in order to seriously look at the Mallorca property market.
Interested parties should however be very careful. Especially with the choice of objects, it is to watch. Who is on the wrong location can possibly experience a financial disaster. An increasing number of Mallorca residents complain of difficulties with the Spanish State. This is particularly keen that countless buildings were erected without planning permission - buyers can it happen that they get such objects. Subsequent to obtain approval may be extremely difficult and not necessarily succeed. In the worst case, buildings are torn down, making the former real estate dream is a nightmare.
Even when pricing it is important to be careful. Just because property prices have fallen significantly, one should not get in last minute panic: Depending on the object and location are discounts available, and therefore it is more important to deal with property prices and their development.
The magazine refers to a report by the Spanish newspaper "Ultima Hora", which refers to high discounts are talking about. Operating on the island of financial institutions have begun to sell off their homes literally. Discounts of up to 60 percent have now been achieved. At the same time go several experts predict that prices will fall further.
Particularly interested in German should this development come in handy. Many people dream of moving to Mallorca, for example, there to enjoy the remaining years. However, holiday homes and cottages are the dream of many a German. Accordingly, it is assumed that'll open in the near future a number of German in order to seriously look at the Mallorca property market.
Interested parties should however be very careful. Especially with the choice of objects, it is to watch. Who is on the wrong location can possibly experience a financial disaster. An increasing number of Mallorca residents complain of difficulties with the Spanish State. This is particularly keen that countless buildings were erected without planning permission - buyers can it happen that they get such objects. Subsequent to obtain approval may be extremely difficult and not necessarily succeed. In the worst case, buildings are torn down, making the former real estate dream is a nightmare.
Even when pricing it is important to be careful. Just because property prices have fallen significantly, one should not get in last minute panic: Depending on the object and location are discounts available, and therefore it is more important to deal with property prices and their development.
Sunday, September 5, 2010
properties in cape town.
We are looking for properties for sale in Cape Town. If you do have something on offer please advice.
Wednesday, August 11, 2010
The property is back in
Low interest rates stimulate the demand for home ownership. Property in Frankfurt am Main are now almost as expensive as residential real estate in Munich.
Time for house construction? Interest rates are currently at historically low levels.
Historically low interest rates and bitter experience from the global financial crisis, the property is worth substantially to a relatively safe investment opportunity. Well one in four Germans wants to use the low interest for the purchase. This is the conclusion of a representative survey of the Internet portal Immowelt.
Loans must have currently very favorable. With ten years of commitment to the effective interest rate is around three percent. Accessing or wait? A flat-rate forecast for the whole of Germany can not deliver, but the regional markets are too different. "The higher the wealth, the higher the prices," says the association of the country's building societies (LBS) in its current, detailed market analysis.
It can also derive the prediction: in metropolitan areas like Munich and Frankfurt am Main, real estate prices and rents are relatively high and likely to increase in the future something more. Stay at affordable prices, there are rare. "In Berlin, a housing shortage in the foreseeable future is unlikely," says Barbara Smith, spokeswoman for the Internet portal Immowelt the Frankfurter Rundschau.
Frankfurt, with net rents of more than eleven euros per square meter now almost as expensive as the Bavarian capital. In the Mainmetrople the average is currently at € 11.08, on the Isar at € 12.14. The highest rents are in Frankfurt's Westend with fork out an average of € 15.14. For even higher quality equipment € 30.83 is required. Inexpensive it is in the peripheral regions, such as Immowelt has found in a recent study. There are sometimes still hiring of six euros in it.
Even condos are exceptionally expensive on the Main. The purchase price is on average 2619 € per square meter. On the outskirts of the city, such as Hoechst, the dream of home ownership can be achieved already for 1700 €. By comparison, in Berlin, ranging from 1600 to 2300 €.
The purchasing power is higher in Frankfurt. However, an average detached home costs currently also a proud 644 016 € - appreciate and rising as real estate professionals with a view to re-recovering economy. A continuing downward trend takes on, for example Immowelt for Northern Hessen.
Province is better than big city
For the 16 states has emerged in recent years follows. "The value of a house in eastern Germany is lowest and increases counterclockwise on the north and west into the 'rich south,'" ascertaining numerical LBS experts. Apart from some "Better-Living-on-the-country-region" is in the south of the Republic continues: The province is cheaper than the big city.
A change of mood post the mortgage lender being especially new construction. With a renewed increase in demand for the building societies expected but also in existing homes. Last year the building permits for new dwellings are first time in years, rose by 1.9 percent to 178 000. Too little, experts say, with a view to lost approximately square by demolition, increasing single-person households and higher space standards.
LBS experts estimate that increasing the per capita demand alone in the West today 47 to 54 square meters by the year 2030. To the east is expected to increase from 43 to 55 square meters. Against this background would actually be built per annum 270000-350000 apartments in Germany until 2025, was the verdict of the majority of housing industry experts.
Time for house construction? Interest rates are currently at historically low levels.
Historically low interest rates and bitter experience from the global financial crisis, the property is worth substantially to a relatively safe investment opportunity. Well one in four Germans wants to use the low interest for the purchase. This is the conclusion of a representative survey of the Internet portal Immowelt.
Loans must have currently very favorable. With ten years of commitment to the effective interest rate is around three percent. Accessing or wait? A flat-rate forecast for the whole of Germany can not deliver, but the regional markets are too different. "The higher the wealth, the higher the prices," says the association of the country's building societies (LBS) in its current, detailed market analysis.
It can also derive the prediction: in metropolitan areas like Munich and Frankfurt am Main, real estate prices and rents are relatively high and likely to increase in the future something more. Stay at affordable prices, there are rare. "In Berlin, a housing shortage in the foreseeable future is unlikely," says Barbara Smith, spokeswoman for the Internet portal Immowelt the Frankfurter Rundschau.
Frankfurt, with net rents of more than eleven euros per square meter now almost as expensive as the Bavarian capital. In the Mainmetrople the average is currently at € 11.08, on the Isar at € 12.14. The highest rents are in Frankfurt's Westend with fork out an average of € 15.14. For even higher quality equipment € 30.83 is required. Inexpensive it is in the peripheral regions, such as Immowelt has found in a recent study. There are sometimes still hiring of six euros in it.
Even condos are exceptionally expensive on the Main. The purchase price is on average 2619 € per square meter. On the outskirts of the city, such as Hoechst, the dream of home ownership can be achieved already for 1700 €. By comparison, in Berlin, ranging from 1600 to 2300 €.
The purchasing power is higher in Frankfurt. However, an average detached home costs currently also a proud 644 016 € - appreciate and rising as real estate professionals with a view to re-recovering economy. A continuing downward trend takes on, for example Immowelt for Northern Hessen.
Province is better than big city
For the 16 states has emerged in recent years follows. "The value of a house in eastern Germany is lowest and increases counterclockwise on the north and west into the 'rich south,'" ascertaining numerical LBS experts. Apart from some "Better-Living-on-the-country-region" is in the south of the Republic continues: The province is cheaper than the big city.
A change of mood post the mortgage lender being especially new construction. With a renewed increase in demand for the building societies expected but also in existing homes. Last year the building permits for new dwellings are first time in years, rose by 1.9 percent to 178 000. Too little, experts say, with a view to lost approximately square by demolition, increasing single-person households and higher space standards.
LBS experts estimate that increasing the per capita demand alone in the West today 47 to 54 square meters by the year 2030. To the east is expected to increase from 43 to 55 square meters. Against this background would actually be built per annum 270000-350000 apartments in Germany until 2025, was the verdict of the majority of housing industry experts.
Friday, June 25, 2010
properties for sale
Anyone that has properties for sale may please contact us. Any house, flat, villa, town house, stands or any other property or real estate for sale is of interest. And can be placed on this web site.
Sunday, June 20, 2010
boksburg flats
There are flats in Boksburg on the East Rand for sale. Please have a look at the offers.
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