Engel & VölkersEngel & Völkers

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Bright dining area featuring wooden bench seating, oak dining table, skylights, floor-to-ceiling garden windows, herringbone flooring, and built-in banquette seating with cushions, creating a seamless indoor-outdoor connection

What to consider when letting furnished apartments

To furnish or not to furnish? As a landlord, it’s one of the key questions. If you’re wondering whether or not you need to invest in some furniture for your property before you rent out, there are a few things you need to consider so you can make the right decision.

  • 3 min read
  • 12.11.2018
Visit What to consider when letting furnished apartments
Aerial view of New York City's Central Park, showing the vast rectangular green space surrounded by Manhattan's towering skyscrapers. The park's lush trees and lawns contrast dramatically with the dense urban landscape, with high-rise buildings lining both sides and water bodies visible in the distance.

Engel & Völkers managing sale of incomparable apartment on New York’s Park Avenue in one of the world’s tallest residential buildings

This incomparable property has been designed by the world-renowned artist Hiroshi Sugimoto and is on the market for the first time. Located at the exclusive address 432 Park Avenue, the apartment occupies the entire 79th floor and boasts incredible 360-degree panoramic views of the Big Apple. “Besides its prime location, it is the distinctive interior that makes this property so special. The rooms are designed in traditional Japanese aesthetics and seem to float above the pulsating city below. Its furnishings and amenities make the apartment a refuge and sanctuary surrounded by the fast pace of life in this world city. It is a great honour and pleasure to be brokering such a one-of-a-kind residence,” says Stuart Siegel, Managing Director of the Engel & Völkers Market Center in New York City.

  • 4 min read
  • 29.01.2021
Visit Engel & Völkers managing sale of incomparable apartment on New York’s Park Avenue in one of the world’s tallest residential buildings
Industrial hallway with a black emergency exit door, green exit sign above, and red fire extinguisher mounted on the wall. White walls and industrial-style interior.

Rezoning: What about fire protection and parking?

Office instead of restaurant? Gastronomy instead of retail? When a change of tenant is imminent, owners of a commercial unit sometimes think about letting another industry move in. But then a change of use must be applied for. What should owners know about this?

  • 4 min read
Visit Rezoning: What about fire protection and parking?
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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
Visit Virtual property viewing
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What you need to know about the standard land value

How do you calculate the value of a plot of land? How does the price of a property come about? For these and similar questions, the so-called standard land value is a decisive factor. It serves as the basis for calculating the value of real estate and land.

  • 5 min read
Visit What you need to know about the standard land value
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Guide for owners: Redevelopment and preservation areas

If you want to buy or sell a multi-family house, you have to comply with some building laws which are particularly relevant for investors. In addition to the current legal situation, the possible development of municipal regulations should also be taken into account when making an investment decision.

  • 7 min read
Visit Guide for owners: Redevelopment and preservation areas
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.

  • 2 min read
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Contact

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Engel & Völkers Germany

Vancouverstraße 2a

20457 Hamburg, Germany

Tel: +49 40 361310