Engel & VölkersEngel & Völkers

Your real estate guide – Knowledge, trends, and tips

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Calculating Usable Area and Living Space Correctly for Houses and Apartments in Hamburg

One of the most important details in a real estate listing is the size specification of the living area or usable space. This information helps potential buyers understand how much space a house or apartment offers and whether the price per square meter positions the property above or below the average market level. However, there are fundamental differences between the professional definitions of living space and usable area—differences that not every property owner is familiar with. Engel & Völkers Hamburg aims to explain the basics of these area calculations in this article, so you can be well prepared for selling your property in Hamburg Wilhelmsburg or the surrounding districts.

  • 2 min read
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Rent control in Hamburg: Current information for property landlords

Real estate remains one of the most stable and low-risk investments in Germany: Houses and apartments, for example in Hamburg Bergedorf, have proven to be valuable assets even during times of crisis. Additionally, renting out the property generates passive income. However, to realistically calculate your expected returns, it is important to consider legal regulations. This includes, for example, the rent control ordinance of the Free and Hanseatic City of Hamburg, better known as the “Mietpreisbremse” (rent brake). Your real estate agent Engel & Völkers Hamburg summarizes what you should keep in mind when renting out a property for the first time in Hamburg Bergedorf or one of the surrounding districts in the following article.

  • 4 min read
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Buy instead of rent: your sustainable second home strategy in Hamburg

Many professionals and commuters in Hamburg are familiar with this issue: the daily journey from their own property on the city outskirts or nearby suburbs to a centrally located workplace often involves a long and stressful commute. Especially in long-term employment situations, renting a nearby apartment or a furnished flat to stay in during the workweek is frequently considered, saving time and money by avoiding the regular travel distances. From an ecological perspective, this approach can also make sense, as it significantly reduces CO2 emissions related to commuting.

  • 3 min read
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Property sale with multiple owners: legal and practical considerations

Unlike property sales by a single owner, houses, apartments, and plots with multiple owners involve a range of additional considerations. As real estate agents in Hamburg, we frequently encounter client questions or uncertainties related to sales involving multiple owners. Not only do the specific legal aspects require clarification, but the practical processes involved in such transactions also often raise questions. For this reason, the Engel & Völkers Hamburg team has compiled the most important points on this topic for you in this article. If you are planning to sell a property—such as in Hamburg Barmbek or one of the surrounding districts—and multiple owners are involved, the following sections will be especially valuable for you.

  • 3 min read
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Tips for landlords: rent increase to the local comparative rent in Hamburg

The demand for housing in Hamburg grows year by year, while the existing supply of rental apartments and flats—especially in central districts like HafenCity—is extremely limited. Despite legal restrictions such as rent control measures and caps on rent increases, average rents in these prime locations remain high. However, experience shows that not all property owners fully exploit the income potential of their rental properties within the legal framework. Raising rent to the local comparative rent is a proven way to noticeably increase monthly rental income in HafenCity. This article from Engel & Völkers Hamburg explains the restrictions landlords need to observe and how such rent adjustments can be properly implemented.

  • 3 min read
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What to consider when handing over the keys after a property sale

After the conclusion of contract negotiations and the notarized signatures of both parties, your property sale is finalized: the planned transaction can now be executed by the buyer transferring the agreed purchase amount to you, and you, in return, preparing everything for the handover of the keys to your house or apartment in Hamburg. To avoid any oversights during this important appointment and to ensure a smooth process, this article explains how a successful handover of your property in Hamburg Altona and the surrounding area should ideally proceed. Let Engel & Völkers Hamburg’s real estate agents guide you through the key points!

  • 2 min read
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Engel & Völkers Germany

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20457 Hamburg, Germany

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