Buying Investment Properties in Hamburg HafenCity with Engel & Völkers
Investment with strategy: The real estate investment in HafenCity
As one of Hamburg's youngest districts, HafenCity is also one of the most attractive real estate locations in the Hanseatic city. The innovative fusion of typical northern German harbor architecture with modern forms and design trends has spawned an urbanistic work of art to the south of the old town that has earned its reputation worldwide. Here, between Elbphilharmonie and Magellan Terraces, there are lucrative opportunities to buy investment properties, which are some of Germany's most interesting investment opportunities due to their exceptional location as well as their modern architecture. Get to know the basics of real estate investment with "Engel & Völkers Hamburg Elbe" and find out why an investment in HafenCity is currently recommended.
As expected, various investment paths bring with them investment-specific advantages and disadvantages. Unlike commodity or asset investments, such as in the form of art or rare automobiles, the real estate investment has the advantage that material expenditure is refinanced over the years. With the purchase of investment properties you also expect a flexible investment method: In direct investment, you buy a specific object, which you can then rent. Here you benefit from the high value stability with regard to rental income and value changes for years from low interest rates for bank loans. In addition, the risk of the loss of income is relatively low and is taken into account in the calculation with a so-called rental loss risk. By contrast, investment in real estate funds indirectly invests in specific real estate portfolios. They receive regular profit distributions and bear no direct responsibility for the maintenance of the objects. Crowdinvesting or stock market trading with real estate investment trusts are also forms of indirect real estate investment.
Buying an investment property in Hamburg HafenCity - what should you consider?
At the beginning of a strategic real estate investment, you should design a fundamental investment concept that encompasses the key aspects of your personal circumstances. A first question concerns your investment volume: Do you want to invest only on a small scale in perspective, such as in a condominium to provide for retirement, or are you planning to buy a multi-party residential building, which promises you maximum return through rental income? A lot depends on this decision - for example, how to finance the property, or how much the administrative burden will be in the future.
Property investment with Engel & Völkers Hamburg Elbe: the potential of HafenCity
Since HafenCity is a comparatively young urban development project whose first residential property was completed in 2004, a large part of the objects built later fell under the regulation of the so-called ten-year period to date. According to this period, owners of third-party real estate can sell them tax-free only 10 years after taking possession of profit. As the deadline for some of the most popular investment properties gradually expires, a short-term increase in sales offers for the above-average demand for properties in the HafenCity of Hamburg can be expected. Due to the beautiful location right on the banks of the Elbe, the current technical and architectural condition of the real estate and the unique lifestyle of HafenCity, such opportunities usually call on investors from all over the world who want to take advantage of this opportunity.
Engel & Völkers Hamburg Elbe is your all-round service provider for strategic investment projects. We maintain contact with many of the local real estate owners and help you identify the right investment property for your personal situation. Since the beginning of the implementation, we have been following the development of HafenCity and are thus in a position to provide you with professional and sound advice on population development, the legal situation and potential future scenarios on site.
At the end of the ten-year period, HafenCity opens a window of opportunity in which you can access a larger selection of investment properties at a shorter notice than before. If you would like to take this opportunity and find out more about various investment opportunities, do not hesitate to contact us.
Phone: +49-40-36 13 13 33
Phone: +49-40-36 13 13 33