How to obtain the standard land value for your property in Flensburg

Standard land value - what it says about your property in Flensburg

In Germany, standard land values provide information about property values and are a valuable orientation aid for the valuation of real estate. They are also relevant when determining inheritance tax. The standard land value shows the average location value of a majority of properties within a defined area, the so-called standard land value zone. The properties in a standard land value zone are characterized by comparable features in terms of type and usability and general value conditions. Factors influencing the standard land value are the micro and macro location, but also the purchase prices achieved in recent years. In contrast to the market value, the standard land value is not determined on a cut-off date basis. It is therefore a fixed and permanent value. In Flensburg, the standard land values are calculated every two years by the expert committee. Any development on the land is irrelevant for the calculation of the standard land value.

Factors influencing the calculation of the standard land value in Flensburg

The standard land values in a region are determined on the basis of copies of notarized property purchase contracts, which are sent to the relevant expert committees by notaries. On the basis of this collection of purchase prices and estimates of regional factors such as condition and location, the expert committee calculates the current standard land values. The respective valid values per square meter of a property are entered in a standard land value map. This serves as a graphical representation of the average location values of land in a municipality or region. The standard land values may vary from region to region.

Average land prices in Flensburg

If you want to buy or sell a property, it is important to have a neutral basis of information when determining the value. You can obtain this from the expert committee and the standard land value. Average land prices in the Flensburg area have risen steadily in recent years. Currently, the purchase price per square meter of land in Flensburg is 296 euros, with the most expensive plots available for 776 euros per m² and the cheapest for 50 euros per m². Would you like to find out more about the development of prices in Flensburg, the standard land value and its significance and your options when buying real estate? Our real estate agents will be happy to advise you in detail and answer all your questions about buying a home.