This week’s topic is rising real estate prices with Berlin ranking as the highest city in terms of real estate rental and purchase prices, as well as attractive opportunities for new construction. See our glossary. The lack of affordable senior housing is also a topic as well as the latest news on AirBnb apartments. All […]
Modernisation (WEG) – Modernisation includes all structural measures taken by the owner with the aim of sustainably increasing the utility value of the property and permanently improving the living conditions. Explore: home inspiration. In the case of individual property, the condominium owner can carry out any type of modernization, but in the case of common […]
You dream of your own four walls, but you lack the equity required for favorable financing? Further information: Real Estate without Equity. In the following article, we present you with an alternative to the classic purchase of real estate. You will learn everything you need to know about lease-to-own, how this model works, and what […]
When is the broker economically intertwined with one of the parties involved in the real estate business? What does this phrase mean and what does it imply in the context of the process of selling a property? Are the seller and the buyer of a house or an apartment equally affected by a possible interlocking? […]
Rental deposit – The rental deposit is a classic security deposit that the tenant pays to the landlord. Visit Lukinski.com. The purpose of the rent deposit is to protect the landlord in the event that the tenant can no longer meet his contractual obligations and pay the rent. The tenant is allowed to pay this […]
Business plan – The business plan informs the apartment and part owners about the costs and contributions to be made to the common property in the coming calendar year. More financial tips: finance & money. The manager of a condominium is responsible for preparing the business plan. Due to the ongoing maintenance costs of the […]
Renovating old buildings – Old buildings are very popular because of their unique structure. Large rooms with high windows and old wooden doors, which may creak a little when opening and closing, represent a traditional way of life. Many of the buildings are more than one hundred years old. A renovation can give the apartments […]
Housing allowance – The housing allowance is the amount that the condominium owner is required to pay monthly in advance to the manager based on his or her individual management plan issued for condominium or partial condominium ownership. Planning a build? See our property construction. Each unit owner of a condominium is obligated to pay […]
Residential location – A decisive factor for the residential value of a property is its location. The location of a property is so crucial because it cannot be moved, while a structural condition or the equipment can be changed. There are three different types of residential locations, which are once the simple, the middle and […]
The Munich Old Town is the king’s discipline in the German real estate market: square meter prices above 18,000 € are not uncommon, the supply is chronically scarce, and the buyer base is international, wealthy, and demanding. Those who sell here operate in an A++ micro-market, where it is not the seller who has to […]
Forced sale (real estate) – The forced sale of real estate is understood to be the auctioning of the property to satisfy creditors. The initiation and execution of the compulsory auction is carried out by the competent district court and is announced publicly, usually in daily newspapers. A property may be put up for auction […]
Who sells an apartment in Frankfurt’s Nordend is moving into one of Germany’s most in-demand residential areas. Between Holzhausenpark, Bornheimer Landstraße and Friedberger Anlage, old buildings with stucco, parquet flooring and 3.40 m ceiling height are regularly traded at prices of 7,500 to over 11,000 € per square meter. The market is tight, the buyer […]