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The change of Ottensen from the industrial area to a real estate location

The housing market in Ottensen thrives and enriches the multi-faceted population

Even 150 years ago, Hamburg Ottensen - at that time still part of the independent city Altona - was scarcely comparable with today's appearance. Once one of the most important industrial districts in the Hamburg area, Ottensen experienced a fundamental change from the 1960s onwards: companies and trades disappeared, the district became more and more a multicultural housing district, whose population still strongly identifies with its living environment. Ottensen was mainly inhabited by the working class in its industrial past and was fundamentally upgraded by middle-class influences in the second half of the twentieth century: streets were landscaped, and many old multi-family houses, which often date back to the Wilhelminian era, were seized. The attractiveness of Ottensen as a residence with partly alternative scene flair increased strongly, so that today it is regarded as a sought-after real estate location.

Despite its multicultural character, Hamburg Ottensen is popular as a peaceful, lively district far beyond its borders and enjoys the reputation as a good area for selling and renting apartments. A diverse gastronomy scene with bars, restaurants and cafes and the proximity to the Elbe sometimes evoke a holiday atmosphere. The beautiful old buildings with their increasingly popular apartments complement the overall image of the individual district. Especially in the summer, when the warm temperatures attract many people out on the streets of Ottensen, and the district awakens to full life, the name "small Paris", as Ottensen is also sometimes called, describes the mood quite well here.

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An apartment in Ottensen - where leisure becomes an experience

Since Ottensen is one of the smaller districts of Hamburg, its extensive leisure activities are always only a few minutes away from your own home.

For example, one of the most impressive Hamburg cinemas in Ottensen is the Zeise Cinema. It is housed in the now sold halls of the ship screw manufacturer Zeise. A genuine, screwed in the ground, marine propeller, the typical red brick building style and the ambiance in the interior provide for a light play experience of a special kind.

For those who are looking for recreation in nature, there is the possibility to relax in the green areas close to the river Elbe, such as the Rosengarten or the Heine Park. Elbchaussee is also a popular hiking and biking trail with potential to wonder and dream - the avenue that starts in Ottensen and ends in Nienstedten is home to some of the most magnificent villas in the whole of Hamburg.

Once a year, in the summer, the altonale takes place in Ottensen - a street festival with fairground, festival and flea market elements. Music of different styles, various rides and cultural inspirations regularly attract hundreds of thousands of Hamburger's residents to Ottensen, who would like to participate in the joyous hustle and bustle of this highlight.

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Ottensen as a bourgeois, children-friendly real estate location

Especially since the cultural change in Ottensen, many young families with children have settled here in small to medium-sized apartments. Typical for the compactness of the district: shopping is usually right in front of the door of one's own property, at the latest in the new Mercado center in the north-east of the district, everyone finds what they are looking for. With more than 30 kindergartens, two primary schools and a gymnasium, as well as the Altona children's hospital, the district in the education and health sector presents itself as a very family-friendly place.

If you want to get to know the other parts of the city better, you can easily get to the Altona Nord, Altona Old Town, Othmarschen, Bahrenfeld and the Altonaer Fischmarkt. Take the S-Bahn (lines S1, S2, S3 and S11) or travel by car to the adjacent A7. There are also connections for regional and long-distance trains from Altona station in eastern Ottensen.

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The housing market in Ottensen

Due to its uniquely alternative character in Hamburg, the beautiful location on the Elbe and the good infrastructure development, the demand for apartments in Ottensen is popular both for young singles, families with children, as well as seniors. However, since there are currently relatively few apartments for sale, your real estate brokers for Ottensen, Engel & Völkers Hamburg Elbe are assuming that the market will remain stable and still has growth potential until the end of 2017.

The best prices are achieved here for real estate in good locations close to the Elbe. Particularly sought after are apartments with attached parking and storage spaces, which increase the value of the property by a good 10 to 15 percent. Old apartments in historic multi-family houses are among the more sought-after properties, especially if they have been recently renovated.

Since it is often difficult to keep track of the price developments in lively Ottensen, you can rely on the experience of the real estate brokers of Engel & Völkers Hamburg Elbe: We explore market-relevant influences for you, determine the value of your property, and ensure a profitable and speedy sale with our proven marketing strategies. In so doing, we are relying on our contact network, which has been established over many years, and thus achieves a nationwide range for your sales offer.

We are pleased to help you sell your property. Do not hesitate to contact us personally in order to arrange your specific consultation. You can find an overview of the properties for sale in Ottensen and the surrounding area by clicking this link.

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