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Rent increases and rent overcharges in Essen: What you should know

Property in Essen will continue to be in demand in 2023 due to the numerous qualities that residents and newcomers to the Ruhr metropolis benefit from. While purchase prices in Essen are currently stable, rental prices have risen significantly compared to recent years, which puts property owners who want to rent or sell their house or flat in a good starting position. Are you currently looking for a rental flat or do you want to let a property in Essen and would like to find out more about the possibilities of a rent increase in this context? In this article, real estate agent Engel & Völkers Essen explains the cases in which owners can increase rents, what rent caps there are and when a new letting constitutes a rent increase or rent usury

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"Bestellerprinzip" - What you should bear in mind

The so-called "Bestellerprinzip". roughly translated as the "ordering party principle", is a familiar term in the real estate industry. But it also raises questions time and again, whether it's about buying a property or renting one. The fact is that since a legislative decision in May 2020, the "Bestellerprinzip" is no longer applicable to the purchase of real estate. However, it still exists in the area of residential brokerage for rent. To give you a comprehensive overview of the topic, we explain the most important questions about the "Bestellerprinzip" below. You can find out how you can benefit from the support of an estate agent here.

Discover your dream property in Stuttgart Killesberg with Engel & Völkers – exclusive, centrally located on the coveted hillside.

Buy property in Killesberg with the real estate agents from Engel & Völkers

The villa residential area around the "Killesberg" is one of the most sought-after locations in Stuttgart and is characterized in particular by its quiet surroundings in the green belt of a relaxed residential area and its attractive individuality. Sports facilities such as the Weissenhof tennis club, the riding and driving club, TC Doggenburg and the green spaces of the Höhenpark and Kräherwald offer a high recreational value. Stuttgart airport is approx. 20 minutes away by car.

Geöffnete und geschlossene Immobilienbroschüren auf einem hellen Untergrund mit Schatten, mit Immobilienangeboten und Landschaftsfotos

Buying Holiday Homes in Germany: What are the Prices?

The real estate consultants at Engel & Völkers provide expert guidance for the purchase of holiday properties. As an international real estate network with over 1,100 locations in 35 countries, our local agents offer extensive knowledge of the residential and vacation markets in nearly every major holiday region.

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Retrofitting solar thermal energy in existing buildings

Retrofitting a solar thermal system can be environmentally friendly and also attractive from an economic point of view for property owners. Depending on the existing heating system and taking into account the local conditions, a solar thermal system actively supplements the heating or hot water supply. Due to rising energy costs, what has long been standard in new buildings also pays off when it comes to renovating old buildings. The state subsidises property owners with up to 35 per cent of the purchase price. Find out in our guide when it is feasible to retrofit a solar thermal system and what you need to consider before making the purchase.

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Luxury flat: Buying tips & information

In view of the increasing urbanisation, luxury flats are becoming more and more interesting for investors and owners. Luxury flats not only serve as a comfortable retreat, but often represent a lucrative investment. In the following, we will show you all the things you need to consider when buying or renting a luxury flat.

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How to handle buying and selling a home at the same time

Buying and selling a house at the same time can be a challenging prospect, but sometimes the market presents an opportunity that is simply too good to ignore. If you’re considering a significant offer with limited time or you’re keen to secure a prestige property before it’s snapped up, you may find that buying and selling houses or apartments at the same time is the only answer. In such cases, this is what you need to know.

Modern luxury home with a pool overlooking the ocean. Lounge chairs on a wooden deck.

Improving Your Prowess as a Private Property Investor

Real estate has always been a significant avenue to building wealth. Investing in either residential or commercial property can yield stable cash flow,potential for growing your capital, and diversification, all of which are attractive to large portfolios. In addition, directly investing in real estate gives greater control of the risk profile, ownership structure, and business model. Furthermore, a property is something you can touch and experience, meaning that it is often a more emotional pursuit than stocks or bonds.

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Engel & Völkers Germany

Vancouverstraße 2a

20457 Hamburg, Germany

Tel: +49 40 361310