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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.

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What is a green building certification?

Achieving green building certification has created a buzz in the commercial property space over recent years. It says something about your company’s commitment to the future, the planet and the wellbeing of your employees or building users. So just what is a green building certification and how do you go about obtaining it?

Wide view of the Holstentor, a historic brick gate with twin towers, surrounded by green lawns and trees under a blue sky in Lübeck, Germany.

Standard land value Lübeck

The standard land value in Lübeck provides information on the average land price per square meter within certain standard land value zones. The expert committees in Schleswig-Holstein publish the current figures every other year. The standard land value for Lübeck allows property sellers as well as prospective buyers to get an first impression of the land values in the various locations of the Hanseatic city. But what exactly does the standard land value say? Is it helpful in determining property prices for sale in Lübeck?

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

The standard land value is of central importance for property buyers and owners. It indicates how much a plot of land is worth and is also taken into account in property taxation. The standard land value is made up of various factors and differs from the market value of a property. If you would like to find out the standard land value for a plot of land in Flensburg, our real estate agents will support you with Know-how and experience.

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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.

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Engel & Völkers Germany

Vancouverstraße 2a

20457 Hamburg, Germany

Tel: +49 40 361310