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Investing in real estate can be lucrative quickly and also provide you with tax benefits. However, in order to benefit from good profit returns in the long term, you should know a few things about investing in real estate in order to secure your investment in the best possible way. The real estate market offers you numerous opportunities.
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Engel & Völkers technical terms of the real estate world
Since their completion, the condominiums in the Elbphilharmonie have undoubtedly been among Hamburg's most sought-after real estate properties. Almost all available flats in the concert hall at Hamburg's harbour, which opened in January 2017, were marketed within a short time. But even if you are not one of the new owners of the luxurious flats, you can still experience the incomparable living flair of these unique properties. Engel & Völkers Hamburg Projektvermarktung invites you to take a tour of one of Hamburg's most exclusive flats in the Elbphilharmonie:
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There are many good reasons to buy a holiday flat on the Baltic Sea
When it comes to buying a house, some prefer period charm and eclectic detailing, while others seek out efficient appliances and that pristine, move-in condition. We've mapped out the advantages and potential investment concerns of both. Here’s what to look out for when navigating the 'old house, new house' debate.
Innovative - solid - efficient - compact
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A house or villa in a frontline coastal position - the most coveted of locations - is more than just an exceptional home; it is a guaranteed escape from the pace of city life and the daily routine. Furthermore, the opportunity to „share" your property in such a sought-after destination through holiday rentals makes the purchase of such a home a highly profitable real estate investment.
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The real estate commission—also known as the brokerage fee or agent’s fee—is the compensation for the intermediary or proof-of-opportunity services provided by a real estate agent. Anyone looking to buy or sell property will quickly face these core questions: Who pays the agent when selling a house? How high are the fees when buying? And when is the payment due—after the notary appointment or earlier?
If you use a second home in the Free and Hanseatic City of Hamburg, the tax office for transfer taxes and real estate may ask you to pay the second home tax in Hamburg. The tax applies to holiday homes, student flats or secondary residences for other purposes. Even a caravan on a permanent pitch can be a second home subject to registration. In Germany, the local authorities themselves determine whether they levy tax on the use of secondary residences, who is liable to pay tax and how much tax is payable. Find out whether your second home on the housing market in Hamburg is subject to the Hamburg Second Home Tax (HmbZWSt). With Engel & Völkers Hamburg Elbe you will find fantastic flats as a capital investment, main residence or secondary residence.
Holiday properties are attractive capital investments that have become very popular. Ideal for partial owner-occupation, as a retirement property or financial provision in old age, holiday properties are usually more suitable than many other financial investments. An accurate yield calculation for holiday properties is necessary, however, because not every in-demand holiday property is equally lucrative as an investment. Apart from the location, amenities and size of the holiday properties, investors are therefore primarily interested in the financial aspects of the investment. How much return can you achieve with a holiday property? We show you what options there are for calculating the return on a holiday property and how you can determine it yourself.
In tight housing markets such as Hamburg, where there are often several interested parties applying for a single rental offer for a flat, landlords are often free to choose the tenant of their choice. Especially if you have found your dream property to rent, for example in Hamburg Eimsbüttel, a convincing application is particularly helpful for the final acceptance. The following tips from your real estate agent Engel & Völkers Hamburg Elbe will help you to appear as confident and evident as possible in the application process for your new flat in Hamburg Eimsbüttel.
Holidays can be effortless when you can pack your bags without worrying about luggage weight. Instead of bringing everything with you for every trip, owning a holiday apartment means most of your essentials are already there. By purchasing a holiday home or apartment, you gain a second home for vacations or weekend getaways. This convenience is a key reason why holiday apartments for sale in Germany are so popular. Many buyers also opt for houses, ranging from cozy bungalows and single-family homes to spacious chalets.
Contact
Engel & Völkers Germany
Vancouverstraße 2a
20457 Hamburg, Germany
Tel: +49 40 361310