Engel & VölkersEngel & Völkers

Buyer

Wooden boardwalk leads to a brick lighthouse with a green roof, atop a grassy dune under a bright sky.

When is a holiday home deemed a second residence?

A holiday home on the Baltic Sea or a weekend retreat in the countryside for own use are generally to be regarded as second residences. If, on the other hand, the holiday home is used exclusively for rental purposes, it is definitely not a second residence. In fact, an investment in holiday property can become a commercial property when certain income limits are reached. In both cases, the question of whether this constitutes a second residence is easy to answer. The situation is different if the property owners use their holiday home for themselves on weekends or during holidays and rent it out during the rest of the year.

  • 8 min read
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Aerial view of a coastal villa with a pool, surrounded by palm trees, rocky shoreline, and sandy beach next to turquoise ocean waves.

Buying a house by the sea: The path to your personal paradise

You just want to leave work and everyday stress behind from time to time and have been travelling to the same holiday destination over and over again for years? Then it's time to invest in your own local property. A Second home abroad guarantees a relaxing holiday feeling and allows you to get to know new facets of your favourite region. Thanks to the increasing demand for properties in the first line of the sea, a second home not only serves as a comfortable holiday domicile in the preferred holiday destination, but often also generates attractive returns.

  • 3 min read
  • 24.09.2019
Visit Buying a house by the sea: The path to your personal paradise
Traditional beach house with dark thatched roof and dormer windows perched on golden sand dunes with wild beach grass under clear blue sky

Buy your own house on the Baltic Sea with Engel & Völkers

With its countless leisure activities, picturesque beaches, good accessibility and infrastructure, the German Baltic Sea region is a popular destination for millions of holidaymakers every year. Those who are completely taken by the enthusiasm for the location may think about staying permanently and buying a house on the Baltic Sea.

  • 4 min read
Visit Buy your own house on the Baltic Sea with Engel & Völkers
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5 ways to receive investment property loans with no down payment

Once the perfect investment property has been found, capital accumulation can often cost valuable time and potential profits. But what options are there if the equity capital is not sufficient or the house buyer does not want to use it for the purchase?

  • 3 min read
  • 25.02.2020
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Extensive aerial view over Würzburg showing the historic old town, the Löwenbrücke crossing the Main River and the surrounding vineyards

Buy a house & apartment in Würzburg Sanderau

Located both close to the Main meadows and in the city center, the Sanderau district of Würzburg has become one of the most popular residential areas for young and old. While the good infrastructure and the short distance to the city center are important for older people, students and young people in particular appreciate the good connections to the university, the canteen and the university of applied sciences.

  • 4 min read
Visit Buy a house & apartment in Würzburg Sanderau
A white cottage with a thatched roof sits beside tall grass dunes overlooking a sandy beach and ocean under a clear blue sky.

Hideaways: vacation properties as an investment

Not only as a result of the pandemic and rising flight prices, vacations in Germany are becoming more popular every year. Even outside the high season. More and more people are thinking about buying a vacation property and - in addition to using it themselves - benefiting from attractive rental income all year round.

  • 5 min read
Visit Hideaways: vacation properties as an investment
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What is the local comparable rent based on?

The local comparative rent is formed from the usual rents of the municipality (or a comparable municipality). The living space must be comparable in terms of type, size, equipment, quality and location. The period under consideration for the local comparable rent is four years. Increases due to increases in operating costs are not taken into account.

  • 5 min read
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Engel & Völkers Germany

Vancouverstraße 2a

20457 Hamburg, Germany

Tel: +49 40 361310