A small house model figurine on a newspaper article with the headline "Immobilien" (real estate), surrounded by blueprints and a calculator.

Market value vs. sales price: what's the difference?

Before a property can be sold, you need to find out what its financial value is. This is where the market value comes into play: various methods can be used to determine the objective value of a property. The market value thus forms the basis for the selling price of a property and is based on the price that can be achieved in the ordinary course of business at the time of the determination, taking into account all relevant factors such as location, condition and building materials used. This value is determined without taking into account personal or unusual circumstances and takes into account legal circumstances and actual characteristics. In simple terms, the market value represents the most likely selling price.

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

A house with pool

Many people dream of having a house with a pool. But what kind of pool is most suitable? An outdoor pool in your own garden for the summer is appealing because of the low acquisition costs. An indoor pool that can be used all year round, perhaps even extending into an outdoor pool, costs a lot more, as does a heated and covered outdoor pool. Is this investment worthwhile? How much does it cost to set up and maintain your own wellness area? Does every pool increase the value of the property?

  • 8 min read
  • 18.08.2022
Visit A house with pool
Close-up view of an architectural drawing with measurements and dimensions, showing a wooden pencil and metal ruler on the technical plan

Building on someone else's land: 7 frequently asked questions about hereditary building rights

Are you planning to build a property? Then building on someone else's land is an option available to you as a builder. Ownership, finances and rights of use are regulated by the so-called heritable building right. In this article, we answer 7 questions on the subject that you may frequently encounter.

A female real estate agent in a black blazer showing floor plans on a tablet to two clients - a woman in a light coat with a patterned scarf and a man wearing glasses - in a bright, window-lit office setting.

Selling a house on an annuity basis

The annuity-based house sale is an alternative to the traditional house sale, which usually ends with the buyer paying the seller the negotiated sum for the property and being registered as the new owner in the land register. With an annuity-based sale, on the other hand, the sale price is not paid in one go, but in instalments. The advantages and disadvantages of this type of property sale are explained below.

Two real estate professionals in business attire reviewing content on a laptop in a bright office space. A man wearing glasses and a dark blazer points at the screen while a woman in a black dress looks on attentively. City buildings are visible through the window in the background.

Property valuation: These factors determine the price of your property

Determining the price of a property is one of the most important steps in selling or part-selling a house - and one of the most complex. Objective criteria such as location, condition or type of property are often at odds with the subjective assessment of the property owner, for whom emotional value also plays a decisive role. To help you understand the market value of your property, we explain below important factors that can influence the value of your home.

Lush garden with a pond, surrounded by trees and shrubs, adjacent to a house with a patio. Outdoor furniture is set up under a large tree.

Speculation period: You should pay attention to this when selling your property

Houses, flats and other properties in Munich have risen sharply in value in recent years: The great popularity of the Bavarian capital, the rising population and the resulting surplus demand have created a seller's market that provides comfortable starting conditions for owners. In order to utilise these as effectively as possible and achieve the maximum return when selling a property in Munich, the potential obligation to pay speculation tax should always be kept in mind. This article by real estate agent Engel & Völkers Munich sheds light on the cases in which speculation tax must be paid, the role played by the speculation period and why a sale can be particularly worthwhile for you after this period has expired.

Close-up of hands holding a black fountain pen while signing documents on a white desk with a red folder visible in the background

What can be done with a property in the event of a divorce

Living happily together in your own four walls is part of the ideal of a life together as spouses. This is why buying or building a home of one's own as an investment with a stable value becomes part of the joint wealth accumulation for many couples.

Close-up view of an elegant white building facade featuring decorative window frames and horizontal moldings in a traditional architectural style

Engel & Völkers brokers “Bonanza Ranch” for 38 million US dollars

Four cowboys gallop on their horses through the untouched landscape, the snow-covered peaks of the Sierra Nevada and Lake Tahoe visible in the background. This is the opening scene of the legendary western series “Bonanza”.Engel & Völkers Lake Tahoe has now brokered the ranch with a 125,000 square metre land plot on which this iconic television scene was shot. Between 1959 and 1973, “Bonanza” became one of television’s most popular series and continues to be broadcast in syndication around the globe.

Close-up view of an architectural drawing with measurements and dimensions, showing a wooden pencil and metal ruler on the technical plan

Floor plan: Everything important about planning, creation, and interpretation

A meaningful floor plan is the foundation of every property. Whether you as an owner want to sell your property, renovate it, or simply document it – a professional floor plan visualizes room layout, proportions, and usage possibilities at a glance. In this guide, you'll learn what makes a floor plan, how you can create floor plan and draw floor plan yourself, and which details are important.

A bright, modern open-plan office space with white walls and high ceilings. Several people work at adjustable desks while a dog rests nearby. The space features industrial pendant lights, large windows, and a casual seating area with a leather couch.

Tips for renting out residential space commercially

Renting out an apartment as an office sounds very tempting to many owners. Although the demand for traditional commercial space is undiminished, around 50 percent of the working population spend at least two and a half days a week outside the office. That's why they need an additional workspace. It doesn't matter whether you follow their example by setting up your own home office or whether you want to benefit from this market trend as a landlord: Using your home for commercial purposes is definitely a smart decision.

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Engel & Völkers Germany

Vancouverstraße 2a

20457 Hamburg, Germany

Tel: +49 40 361310