Seller

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The declaration of division of a property in Hamburg: structure, content and function

If more than one owner is to be registered for a house, a condominium or a plot of land in Hamburg, a so-called declaration of division is required: This clearly defines the ownership structure between several people who together form the community of owners. If you are planning to buy a property in Hamburg and name more than one owner, you can use this article from your real estate agent Engel & Völkers Hamburg Elbe to find out what the contents of the declaration of partition are and what functions it performs for the community of owners.

  • 2 min read
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Example of hotel use

Hotel properties are Purpose-built properties with an infrastructure and furnishings geared to the purpose of tourist accommodation. Especially in the case of small and medium-sized hotels in central locations, a change of use to profitable residential use is often an economically attractive option for the property owner.

  • 3 min read
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Residential to commercial and vice versa: What do you have to consider when changing the use of a property?

A change of use from commercial to residential or vice versa can make sense in many cases. After all, the real estate market is in a constant state of flux. Demand and usage patterns change, especially in economically turbulent times. This demands flexibility from the owners of a property. In this way, it is possible to react to the current trends in real estate use and to increase the Value creation potential of the property can be fully exploited.

  • 7 min read
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Hamburg tenancy agreement, the model contract for legally secure tenancies

A standard tenancy agreement specifically for Hamburg tenancies is the so-called Hamburg tenancy agreement. It was developed by the Hamburg Landowners' Association. As a Hanseatic organisation representing the interests of private land and property owners, the model contract was originally created to provide assistance to its own members. Not only landlords but also tenants benefit from using the standardised Hamburg tenancy agreement. This is because the standardised tenancy agreement offers legal certainty for the entire housing market in Hamburg. But that's not all. Tenants and landlords of commercial property also have the opportunity to benefit from a commercial version of the Hamburg tenancy agreement. There is also a model contract for the letting of garages and car parks. All three Hamburg tenancy agreements have the same requirements and advantages. With Engel & Völkers Hamburg Elbe, you will also find fantastic flats and houses to rent or buy. Discover interesting properties with us in Baakenhafen, the Elbe suburbs and other districts of the Free and Hanseatic City of Hamburg. Find out more about the individual properties:

  • 2 min read
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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.

  • 3 min read
  • 26.04.2019
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Acting correctly as real estate buyers and sellers in times of the interest rate turnaround

After years of low interest rate policy, virtually nationwide rising property prices and excess demand, the property market in Germany is experiencing a number of clear counter-trends for the first time. The European Central Bank has raised the key interest rate to 0.5% in July 2022 - in the practice of real estate financing, interest rate increases of around 180% have been recorded compared to the previous year. The associated effects are already being felt in the industry and are affecting the behaviour of owners and prospective buyers in various ways. In this article, real estate agent Engel & Völkers would like to provide you with an overview of the current situation and clarify which maxims you can use to make the right decisions even after the interest rate turnaround on the real estate market.

  • 6 min read
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Virtual property viewing

Thanks to virtual property viewings, house sales are becoming more digital: In addition to the classic viewing appointment, Engel & Völkers offers homeowners the opportunity to market their property by means of virtual property viewings. We have summarised for you below how this works, what advantages digital marketing offers and what buyers should consider when taking a virtual tour:

  • 5 min read
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Engel & Völkers Germany

Vancouverstraße 2a

20457 Hamburg, Germany

Tel: +49 40 361310