Engel & VölkersEngel & Völkers

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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

  • 4 min read
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Notarisation and handover: what happens after the purchase price has been agreed

Have you found your dream property in the Elbe suburbs or the ideal buyer for your high-quality property in Hamburg HafenCity? In order to finalise the sale after the purchase price has been agreed, the property must be notarised by a notary. The appointed notary draws up a draft purchase agreement. The buyer and seller then sign this contract at the notary appointment. Once payment has been made, the notary releases the contract and the property is handed over. What sounds so simple actually harbours one or two bureaucratic hurdles. To help you sell your property in Hamburg smoothly, we provide you with further tips for the process. You can find other guides and information about property in Hamburg along the Elbe here:

  • 2 min read
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What is Micro Living and why is it called the urban living concept of the future?

A look at the current market trends reveals that the large conurbations are still immensely popular as places to live. After all, their extensive offer of jobs, entertainment and general infrastructure fits perfectly with the modern 24-hour lifestyle.

  • 4 min read
  • 03.05.2019
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Investing in real estate - efficient use of your investment

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.

  • 4 min read
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Guide for investment properties

When is it worth investing in real estate and what should be considered? Real estate is one of the most attractive capital investments. They are ideal for diversifying overall assets and often offer attractive tax advantages. Investors can choose between direct and indirect real estate investments. “Direct” means acquiring a specific property, ‘indirect’ means investing in real estate funds, crowdinvesting or a listed REIT (Real Estate Investment Trust).

  • 3 min read
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Real estate financing

Benefit from personalized advice, over 550 financing partners, and quick loan approval—for your home or your investment.

  • 6 min read
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Your real estate portfolio - how should it ideally be structured financially?

One of the clear Advantages of real estate as a capital investment compared to other investment opportunities, such as gold as an investment, is the possibility of lending through banks. It is important to note that the banks evaluate the personal income situation in addition to the property when financing the first property.

  • 3 min read
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Yield and factor - how can you recognise a worthwhile investment?

The two main indicators for an investment in a residential and commercial building are the yield on the one hand and the factor on the other. To calculate the Return (gross yield), the annual net cold rent is divided by the purchase price. This guideline value provides an initial point of reference for sounding out the available properties on the market and comparing them with each other. However, it should be borne in mind that this figure does not include non-apportionable operating costs or maintenance and refurbishment costs.

  • 3 min read
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Best ways to finance your home

Who wants to pay rent when financing a property is so cheap at the moment? The low construction interest rates make buying a house or a flat particularly attractive at the moment. However, there are many things to consider when financing - for example, interest rates are very likely to rise again in the next few years. That's why comparing different financial service providers can save you a lot of money, especially when it comes to real estate financing.

  • 4 min read
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Buying a second home as capital investment

According to the German newspaper Die Welt, more and more properties serve as direct capital investment. Most German buyers purchase locally for this purpose. But buying a second property also has other benefits. Apart from it serving as a long-term capital investment, many middle income buyers also see a second home as an immediate source of income. Three out of four holiday home owners buy with the intent to let their second home temporarily or permanently.

  • 3 min read
  • 08.01.2018
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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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Contact

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Engel & Völkers Germany

Vancouverstraße 2a

20457 Hamburg, Germany

Tel: +49 40 361310