Real estate yields in Wiesbaden stable at a high level

Question: You are mainly active in Wiesbaden, the capital of Hesse, and the surrounding area as an investment advisor and investor. How do you think the real estate market in the region is developing?

I will first answer with two figures: Wiesbaden has about 290,000 inhabitants today. According to decent forecasts, this figure is set to rise to 300,000 within the next five years. These 10,000 people want and need to live somewhere. The necessary apartments have to be built and paid for by someone. So there are also numerous opportunities for investors in real estate.

However, we have a fundamental problem in Wiesbaden: there are relatively few opportunities for new residential construction. The old city villas only come on the market very rarely anyway. Here and there there is worthless old building fabric that is torn down and made available for new buildings. There are some new building projects on the outskirts of Wiesbaden. The greatest potential lies in unused military sites, some of which have already been developed and some of which are being over-planned.

Real estate returns better than many other investments

You can find more statistics at Statista

In terms of yields, I do not expect any increase for Wiesbaden and the surrounding area, but I do expect a sustained sideways movement at a high level. Values of 5 % and more are realistic. An upward movement is therefore rather unlikely, because purchase prices and rents develop to the same extent upward and one needs already a really very long investment horizon, in order to be rewarded the high purchase price by a clear rent increase with a growing yield. On the other hand, there is of course also the profit from the later sale of the property. There, increased purchase prices would have a corresponding effect again.

Yield calculator online: The right instrument to start with

Question: Which of the various online calculators for loans, investments or returns do you find particularly helpful and why?

I’ll start with the loan calculators: I can’t see anything being done wrong there. That’s why I won’t recommend any computer in particular. The calculators of Stiftung Warentest or a reputable online newspaper are certainly not suspicious with regard to a hidden forwarding of the user’s data. Basically, such an online calculator can only be an initial source of information. For example, for my question, what I have to pay monthly for my real estate loan with regard to the interest and repayment rate. I can also go about it the other way round and ask: if I have a sum x available each month, what loan amount can I afford to buy a flat?

On the other hand, I don’t know of any loan calculator – not even that of a financial institution – that calculates the interest rate I have to pay for my loan in view of my equity and other collateral. That is always a matter of personal discussion with the bank. That’s why calling up and using various loan calculators on the internet doesn’t help. The best loan calculator with the most accurate information and the safest result for me is still the conversation with the financier himself. You should be quiet from different banks give an offer. There are sometimes really spraybare differences in the interest rate offered.

Anyone thinking about real estate as an investment naturally wants to know what return their property will yield. In other words: how much money will I earn with my investment? For this purpose, there are of course many tools on the Internet. The yield calculators for real estate are usually linked to a real estate agency or financial institution. This is not a disadvantage, you should just know it. Because the vast majority of online calculators for property yields can not take into account every detail of the property. That is why it is always much better to get an overview via the online calculator in order to then seek a personal discussion on the basis of a real property.

Overall, there is a pretty good overview including deposited calculators on the portal finanzrechner.org. As I said, these calculators offer really good guidance. Everyone should definitely make an individual calculation with their personal financial advisor or tax expert.

Not every square meter counts as living space!

Question: How do you calculate the price per square meter as a landlord of an apartment?

Actually a simple question, but with some small “devils in the details”. Because normally everyone knows the square footage of their apartment and what they pay monthly (not including utilities based on consumption). The rest is a simple division calculation of rent (or purchase price) divided by the total square meters.

The question remains: what can I include in the living space? For example, cellar rooms do not count as living space. The same applies to storage rooms outside the apartment. Balcony, terrace or a loggia are only calculated with half of their square meters as living space. You should also use a tape measure for the ceiling height. Everything below a height of one meter does not count as living space and rooms with a ceiling height of less than two meters only half. This is especially important for attic apartments. Very special rules also apply to pillars and stairs in the apartment. A proper real estate expert knows these regulations very well. Here too, simply ask for advice.

Investing your money successfuly: Alternatives to real estate

Question: In Wiesbaden, there is no doubt that not only real estate is traded, but due to the proximity to the headquarters of various banks in Frankfurt, other financial products are certainly also in the focus of your customers. Please explain to our readers which three capital investments you would recommend besides real estate. Do these investments have any disadvantages?

You can find more statistics at Statista

First of all, I recommend that anyone who wants to invest their money profitably should ask themselves. And indeed questioned about their own willingness to take risks in terms of profit and loss. Because the capital investment must always fit the respective person and his goals. The one investor looks for a maximum of security, the other again has with risk and Verkust no problem. Then there are people who literally want to see what they have invested their money in, which again other investors do not care about at all.

Those who are not afraid of the big risk can invest their money in commodities or rare earths, for example. This is a form of investment that is not yet very widespread, but is becoming increasingly popular. There are people at some major banks and also on the consultancy market who are quite knowledgeable about this. As I said, it’s not for the faint-hearted and, by the way, it’s also a form of investment that should run for several years in order to compensate for price fluctuations.

For pure security fanatics – to mention the completely other side – there are funds whose profit is capped, but which are also protected against loss. Such funds are offered by banks and insurance companies. However, many find them very boring.

If you are looking for a more unusual form of investment, you should take a look at luxury watches. Watches are more difficult to assess as an investment object because, unlike shares or gold, there is no market that clearly and universally sets a price. The value of a luxury watch does not depend solely on its horological value and condition, but crucially on the demand for precisely this particular model. This demand is subject to fluctuations and cannot be objectively predicted. However, since the prices of luxury models have clearly developed positively in recent years, this investment can be very rewarding. Those who manage to buy a model that is in demand at a low price should take advantage of the opportunity.

Is it worth it to be a stock trader on your own account?

Question: In the meantime, shares have a long and partly successful investment history behind them. There are also many people who believe they can act as stock traders, tipsters and day traders themselves. But how does the reality of stock trading look like? Can quick profits really be made and what is the difference to real estate as an investment?

Of course, I was not active as a stock trader myself and – as far as I can tell today – I do not intend to do so. However, I have so much own experience with the share topic that I can say: who would like to care completely himself about his share package and the investments, needs a lot of knowledge and time. Especially if you really want to make quick profits. Because that means that I have to keep a constant eye on the company stocks and their bonds that I am interested in. In addition, always the phone handy, so that I can ask my proxy in a flash to buy or sell the shares.

Tax makes the difference: watch out for investments!

In any case, I warn against the countless guides that can be found on the Internet – like the yield calculators. If tipsters followed their own recommendations, Germany would have to be a nation of millionaires. The reality of the share business, as it is convertible for most of us, looks completely different. One should plan for a long period of investment so that price fluctuations are of little consequence. It is always advisable to spread the risk widely – i.e. over several company stocks, perhaps also government bonds, currencies etc.. With a little skill and good advice, you can put together a package with good performance yourself, or you can leave it to your money adviser.

The disadvantages of these and other investments do not always show themselves quite so clearly. This starts with the much-vaunted risk. After all, this is a less tangible factor that many investors like to ignore. According to the motto: what I can’t see doesn’t exist. Fluctuations in the value of shares, works of art, watches and government bonds depend on many external factors that only experts can keep track of. And even the experts can be wrong – as we have seen very often in the past.

Quite real and to be quantified are the running costs for financial investments – no matter if securities or other. Issue surcharges, custody account fees, ongoing capital gains tax, etc. reduce the return. On the other hand, the profit on the sale of rented property is tax-free after ten years. This amount must be added to the total return in any case.

Wiesbaden: Living with high recreational value

Question: What is Wiesbaden and its surroundings like to live in? What do your customers say? What places worth seeing, events etc. are there? What makes this region so interesting for investors?

The people of Wiesbaden themselves may forgive me if I now first point out the surrounding area. Immediately before the gates of the city begins the Rheingau with its nice small half-timbered and wine-growing villages Eltville, Oestrich-Winkel, Hattenheim up to Rüdesheim. There you will find the Eberbach Monastery and the Hildegard Monastery in Eibingen. In addition, the Rheinsteig begins as a hiking trail and of course the Rhine bike path. Wiesbaden is located at the foothills of the Taunus, so that beautiful hiking and in winter also cross-country skiing trails are quickly accessible.

Wiesbaden itself as the so-called “Nice of the North” offers a beautiful city center, a beautiful spa park with casino, the Nerobergbahn and the very famous Russian Orthodox Church from the Tsarist era. Very famous, not least because of its organ, is the classicist Marktkirche. Across the Rhine are Mainz and Germany’s largest wine-growing region, Rheinhessen. I think it takes more than a lifetime to have discovered this region completely. The leisure value is indeed very high, even if there are no Alps or the Mediterranean here.

I certainly don’t have to mention the proximity to Frankfurt. I would even include Darmstadt with its future-oriented companies from the IT sector. Because the good transport infrastructure of the Rhine-Main region means that even residents of Wiesbaden and the surrounding area can get to the region at the foot of the Odenwald quickly. No one in Wiesbaden and the surrounding area has to worry seriously about a lack of interest in renting, i.e. also about rental downtimes.

Good yield opportunities also in the surrounding area of Wiesbaden

Question: Do you have an insider tip for profitable real estate in Wiesbaden and the surrounding area?

With the insider tips in metropolitan areas it is such a thing. But for Wiesbaden, too, if you’re willing to drive a little further, you’ll get by quite well in the surrounding rural regions in terms of the purchase price and the amount on offer. Up to Bad Schwalbach or Taunusstein, for example, the roads are also well developed. But it is also not everyone’s cup of tea to join the commuter car queue every morning and evening. Potential tenants also think about that.

The opposite side of the Rhine also offers attractive real estate opportunities. This extends to Bingen, Bad Kreuznach or the gates of Worms. Basically, one must also look here, in how far the lower purchase prices are also accompanied by lower rents, so that the yield in these areas can be lower. In fact, the surroundings of Bingen, Ingelheim etc. offer quite good properties as capital investment. The purchase prices are somewhat lower than in Wiesbaden, but the rents are not to the same extent. In individual cases, one can therefore expect better returns than in the core area.

How do I get my own investment property quickly and safely?

Question: How can I tell which broker is the right one?

At least not on the brightly polished brass plate on the office door. Admittedly, that was a bit flippant. But actually it is with the right broker like with the right doctor. It is only during the consultation that I notice whether the person, with his qualifications and his manner, suits me. Of course, there are professional associations of brokers, as well as appropriate training and further education. All this is also very important.

But even more important is whether the broker knows his market. Can he show comparative prices? Does he have a larger number of reference properties in the region? Is his name not only known in the region, but does he have a good reputation? If it is important to you that the estate agent proceeds rather cautiously, you should attach particular importance to discretion.

Discretion when buying and selling a house?

Question: A broker works in public and needs many contacts to make the business work. How can you be discreet?

In fact: there are also real “discreet brokers”! Especially with customers who do not like to appear in public with their sales or purchase intentions, this kind of broker is in demand. A luxury villa in Wiesbaden or a great penthouse apartment can be sold much better if there are no screaming billboards in front of the house. Mostly, the owners and their property do not want to be identified either by photos of the house or location descriptions.

For the buyer this means: he can only get hold of such properties via one of these discreet brokers. They often appear only in the files of the broker. In the relevant real estate portals, you will find these objects rather not. If you go to a real estate agent, you can openly address the issue of discretion. I consider the discreet working method of a good real estate agent to be very important and still completely underestimated.

Focus Frankfurt: Investing in the Rhine-Main Region

• Investment Frankfurt
• Prices in Frankfurt
• Capital investment Darmstadt
• Capital investment Mainz

We at Lukinski explain to you what is important for a successful and, above all, discreet real estate sale in Wiesbaden. Discreet broker Sebastian Mathias von Lukinski knows exactly how to achieve top prices for real estate in Wiesbaden. Does Corona have an influence on the real estate sale? You will find information about this here as well.

House sale in times of Corona

It is still too early to name the effects of the Corona crisis on the real estate market. Currently, there are two different positions among real estate experts. Some say that real estate as “concrete gold” still retains its value and continues to increase in value, especially in locations such as Wiesbaden and the surrounding area.

On the other hand, it is said that the value of a property also depends very much on the disposable income of potential buyers. If this income falls, for example against the background of the current crisis, then the demand for real estate falls – and with it the prices. Anyone who wants to be on the safe side should therefore implement their sales plans now.

Further information on the coronavirus and its effects can be found here.

Selling a house and apartment – This is how it works

Well prepared, you avoid mistakes in the real estate sale and exclude that the process is not to your satisfaction. Selling a house or apartment is a very complex and time-consuming task that requires a lot of know-how and core expertise. When you want to sell your private property, there are usually a lot of emotions involved. These have an effect on the realistic valuation and thus on the competence in determining the sales price.

Furthermore, the marketing of real estate presupposes that clear ownership conditions prevail and that any loans still to be repaid at the bank, as well as a land charge or mortgage, are taken into account. If the property or the apartment is rented out or if an occupant enjoys lifelong residential rights, the house sale faces a particular challenge.

The thorough planning and professional realisation should at best be carried out by an estate agent and be tailored to your requirements, as well as the special features of the property. The smallest mistakes in the sales planning can result in high financial losses or lead to the fact that the sale of the house or the condominium is difficult and brings unnecessary waiting time. This circumstance is especially counterproductive if you have to sell promptly or otherwise end up in a foreclosure auction.

Sell Wiesbaden real estate discreetly

Selling a house without making it public – how is that supposed to work? Diskret broker Sebastian Mathias von Lukinski knows how to bring the two worlds together. In most cases, maximum discretion also has positive effects on the sales price and the speed with which a property changes hands.

The Diskret-Makler comes particularly well to the course, if in a well-functioning neighbourhood evenly not everyone is to get your sales intentions. If a property is for sale and is unoccupied during this period, the work of the Diskret-Makler ensures that no “uninvited guests” come into the property.

How does a Diskret broker work?

• Discreet realtors from Lukinski sell your house with absolute discretion
• Lukinski’s discreet brokers do without the usual Internet portals for real estate offers
• Diskret-Makler vonLukinski have an extensive prospective customer file
• Lukinski’s discreet brokers often ensure a quicker sale of your property.
• Discreet brokers from Lukinski sell real estate of all types and sizes
• Lukinski’s discreet brokers work even if the seller lives abroad

In the international real estate market, this way of working has long been known and appreciated as a “secret sale”. Sebastian Mathias is one of the few regional estate agents to work with Lukinski as a discreet broker. And this without renouncing the classic virtues of a serious and customer-oriented broker.

Broker & contact person Wiesbaden

Get in touch with our real estate team:

• Real estate agent Wiesbaden – Contact person

Sales price: Market value is not the same as property value

Of course you want to achieve the highest possible sales price for your property! Often, however, the seller’s ideas are not those that are the “right” ones for the property or the market environment. The right selling price is the one that leads to the successful completion of the sales process in a timeframe that is acceptable to the seller, taking into account the immediate market environment and also future developments.

Thus, the determination of the right real estate price is of fundamental importance for the sales process. Lukinski’s work for a successful sale therefore begins precisely at this juncture. Very few property owners have the necessary knowledge and experience in the real estate market. Hiring true real estate professionals is therefore a sign of professionalism on the part of the client!

Steps and procedure for the sale – checklist

Here we give you an overview of the most important steps towards a successful house sale. At the same time, it will also give you a first insight into Lukinski’s services:

1. On-site visit
2. Valuation
3. Creation of a comprehensive sales exposé
4. Precise placement with selected interested parties
5. Sales management via selected marketing media (digital/analogue)
6. Organisation and realisation of viewing appointments
7. Preparation of contract documents
8. Accompaniment of the notary appointments
9. Sale
10. Aftercare buyer/seller

How much does it cost to sell a house?

The sale of your property by the professionals of Lukinski costs you initially NOTHING! The above-mentioned services and all necessary accompanying work are done by real estate agents without any financial advance payments by the seller. Only with the successful sale of the property costs arise. The broker receives his commission, with which he is rewarded for his previously rendered services. This commission is – depending on the federal state – between 5.95% and 7.14%. Often this rate is borne by the seller and the buyer in each case to the half. In Hesse, the official broker’s commission is 5.95% of the purchase price, which – also officially – is to be borne by the buyer alone. Value added tax is included in this amount!

Selling – Private or with real estate agent?

Bierstadt, Biebrich, Klarenthal, Dotzheim, Schierstein, Sonnenberg and Erbenheim are currently particularly popular in Wiesbaden. In these districts of Wiesbaden, you as a seller have top chances of good sales prices given the developments in property prices in recent years.

Selling a house privately in Wiesbaden? This means a lot of time for you, the collection of many documents such as building plans, appointments and stress with interested parties, especially if they do not appear at the viewing appointment. If you decide to sell your house privately in Wiesbaden, you should plan enough time from the appraisal to the creation of the advertisement on various platforms, the registration, the property photos, to the customer approach and sales phase. In addition, there are vacation days for visits In this time, months pass without market knowledge. If you want to sell quickly, you have to accept many losses privately. Without a network and partners, selling a house means one thing above all: stress.

Preparation, documentation, renovation and time

Because even before the sale starts, you must not underestimate the preparation time. For example, with regard to the possible backlog of renovations to the property. In addition to all the work on the condominium or house, there are also all the preparations for the sale. Did you know how many documents you need just to create the exposé? These include, among others:

• Documents relating to the property (site plan, building plan, etc.)
• Other plans (building encumbrance register, cadastral plan, waste water plan)
• Overview of the latest renovation and modernization measures
• Insurance documents (fire insurance)
• Overview of ancillary costs
• Land register excerpt
• Energy certificate
• Pictures of the object

Real estate agents do it: stress-free sale

A reliable real estate agent takes care of your concerns and wishes when selling in Wiesbaden. If you are also affected by a spontaneous sale, by relocation and new job, separation and divorce or even by the death of a loved one, then we are your contact in Rhein-Main and especially in Wiesbaden. As a real estate agent we take the organisation off your shoulders and support you through our network and our regular customers to achieve a quick sale with a good sales price! Without any stress with our friendly team. Do you have any questions? Please contact our real estate team for:

• Real estate agent Wiesbaden

Preparation – construction plans to price calculation

The sale of an apartment, house or land must be carefully prepared. Important questions are best clarified in advance. To do this, you will need some documents, such as the extract from the land register, building plans, a site plan, floor plans, an extract from the cadastral map, a building description, especially if extensions or conversions have subsequently taken place, and an energy certificate.

If a condominium is for sale, additional documents such as a declaration of division, an overview of reserves and the minutes of the last three owners’ meetings are also required. If renovation measures have been carried out in the past, it is advisable to prepare a list of the work and the amount of the renovation costs. This is because the maintenance costs invested are a good argument for the desired sales price. You should also clarify in advance whether third party rights are recorded in the land register, such as a right of first refusal, a heritable building right or a right of residence.

Offer price: Calculation by broker experts

Before you can offer your property on the market, you need the right asking price. For this, you should take a lot of time or appoint a surveyor who will take care of the valuation of your property. Because overpriced properties usually do not find a buyer. However, you should never offer your investment below its price.

There are several aspects to consider when determining the value. You can find out the current value of the land price at the respective location via so-called standard land value maps – or you can simply talk to Lukinski. Because as experts for all questions concerning the sale of a house, Lukinski has all relevant key figures for the determination of the purchase price at its disposal.

Renovation before sale

If you are selling an apartment or a house, the equipment and condition also play a role. You should be aware of any defects and take them into account when calculating the price. Sometimes it is worth considering renovation. Because often the costs for this are cheaper and you can then put your property on the market accordingly more expensive. If your property is rented out, this will also affect the selling price. The main factors here are the monthly rent and the agreed duration of the tenancy.

Once the selling price of your property is fixed, you can offer it on the market. The marketing can happen via newspaper advertisements and well-known Internet portals. Helpful for this are really good photos, which give a good impression of the property, as well as an exposé with a lot of information. A floor plan is also often helpful.

You can save yourself a lot of time, stress and money by trusting the expertise of a real estate agent when selling your property. Lukinski not only offers itself for the marketing of your property. We also have a large network of potential buyers in Wiesbaden, so that you can often find a suitable buyer for your property more quickly. Talk to us, contact us without obligation. We will also be happy to show you what we can do in an on-site appointment!

Procedure – Real estate sale from the inspection to the purchase contract

Marketing a property – whether a house or an apartment – is a complex matter, even in boom areas. Private sellers often use the same methods as real estate professionals – as do the experts at Lukinski. However, the devil is – as so often – in the detail! Starting with the pricing in line with the market and the property, the right wording in the exposé, the legally correct information on the condition of the property, right through to viewings and the conclusion of contracts: there are many pitfalls and dangers on the sometimes long road to a successful property sale.

Particularly pleasant for you as a seller: If you commission a broker, he assumes all costs incurred for the marketing. Only in the event of success does the broker receive payment for his efforts in the form of a fee.

One broker, many benefits: What are you waiting for?

In most cases, the sale by real estate experts also happens much faster than on private initiative. Because not every sales channel is suitable for every type of property! After the first conversation with the seller, the Lukinski team already knows which target group fits the property, where the best sales opportunities lie and with which media mix this target group is reached. Finally, Lukinski also has an extensive file of clients willing to buy.

As a rule, the first interested parties who would like to view the property come forward very soon after the advertisement has been issued. As a real estate professional, we prepare the viewing appointments for you very well. There are even sellers who do not want to be present at these appointments. This is also no problem for Lukinski.

If necessary, simply take care of the appearance of your house or apartment in advance. If necessary, carry out small repairs to give prospective buyers the best possible impression of the property on offer. Such investments are always worthwhile and come back in the ultimately acquired purchase price. Of course, the property and the property should be well cleaned up beforehand to present it from the best side.

One of the few things you can do yourself to prepare for a successful real estate sale is to deal with potential questions about your property from prospective buyers in advance. Here, Lukinski’s experts can also help you with their many years of experience.

Marketing of the property: Your object skilfully staged

We skilfully stage your property and also know how best to deal with critical questions as well as demands for price reductions. Because during the sales negotiations, every prospective buyer will try to keep the price as low as possible. We stand up for your interests and make sure that the property sale is carried out on your desired terms.

An often forgotten or underestimated advantage of the estate agent: he has no emotional attachment to the property and therefore has a very objective negotiating position. This already pays off for the seller in the valuation of the property in line with the market!

We are looking for buyers – you decide!

After successfuly negotiating the price with the buyer, Lukinski also checks the creditworthiness of the potential buyer. Only then do you make a decision whether to sell your property to the prospective buyer. After that, the contract of sale is concluded. As a rule, the contract is drawn up by a notary public, the costs of which are borne by the buyer.

The price includes advice from the notary, drafting and notarisation of the contract. Furthermore, the notary checks the performance rights, rights of way, land charges and whether a pre-emption right exists. The contents of the purchase contract are determined by you individually.

The Lukinski team will take care of all these tasks in the sales process for you if you commission us to do so. We are happy to advise you in this regard so that you do not forget any important agreements and procedures in the sales process.

Real estate prices – square meters current

Why is Wiesbaden so sought after as a city to live and work in? First of all, it has to do with the city’s location!

Tip. Low interest rates and rising rents: There is much to be said for real estate as a capital investment in Wiesbaden. The safe and profitable investment. Read more now: Real estate as a capital investment

Real estate in prime locations: Where is Wiesbaden located?

Wiesbaden and its southern districts are located on the right bank of the Rhine opposite the Rhineland-Palatinate capital Mainz, at a point where the Rhine changes its main direction from the south to the west. To the north of the city, the low mountain range Taunus extends with its main ridge running in a northeasterly direction.

The city centre lies, five kilometres from the Rhine, in a wide valley hollow between the Taunus Heights in the north, the Bierstadter Höhe and the Hainerberg in the east, the Mosbacher Berg in the south and the Schiersteiner Berg in the west. The highest point of the city area with 608 meters lies near the summit of the Hohe Wurzel on the Rheinhöhenweg, lowest point is the harbor entrance of Schierstein with 83 meters sea level.

Ultimately, Wiesbaden is somewhat marginal in the state of Hesse in terms of its importance as a state capital. If it were purely a matter of location and transport links, then Frankfurt would certainly be the better state capital. But Wiesbaden itself also looks back on a long and significant city history. Some cornerstones of this history are of great importance for the development of real estate in Wiesbaden.

Building substance in Wiesbaden

Many representative buildings were built during the imperial period of the 19th century. The Kurhaus Wiesbaden with its casino and the Hessian State Theatre on Wilhelmstraße are still important today and characterise the cityscape. Finally, however, the smart apartment buildings along the Kaiser-Friedrich-Ring or the Rheinstraße with all their side streets are also characteristic for the representative cityscape.

Since you want to sell a property in the Wiesbaden region, it is helpful to get a first impression of the current property prices. Of course, the equipment, location and year of construction always play an important role in the prices quoted. Therefore, the following real estate prices always give you only a guideline, but do not represent a basis for the exact calculation of a price per square metre.

Nevertheless, you can use the current market situation to gain an insight into the development of the real estate market in Wiesbaden. This can also be helpful in terms of a strategic approach to the sale.

Sell apartment: Price per square meter

Currently, the real estate prices in Wiesbaden for the purchase of apartments are between about 3000 € and 3,600 € per square meter for existing properties. For newly built apartments they are significantly higher! There are large fluctuations between the various districts. The living space of the property is also decisive for the chances of sale. Lukinski’s experts can quickly tell you how your property fits into this structure upon request.

• Square metre prices for new purchases of apartments between around €3,000 and €3,600

Likewise, there are serious differences in property prices when you consider the location in Wiesbaden. In Sonnenberg you will achieve the best prices. The Erbenheim district, on the other hand, is usually at the lower end of the price scale.

Selling a house: Price per square foot

Houses are more expensive in Wiesbaden, as elsewhere in Germany. Prices per square metre for new builds vary between €3,500 and almost €7,000, while prices for existing buildings still range between €2,500 and €6,500. Comparing the average prices for houses across Germany, it is clear that houses in Wiesbaden are significantly above the average due to the city’s preferred location and amenities.

• Square metre prices for new buildings between €3,500 and almost €7,000
• Prices per square metre for existing buildings between €2,500 and €6,500

A real exception for property prices in Wiesbaden is currently still the north-eastern district of Auringen. This rather rural/village location is about 13 kilometres away from the city centre. That influences the sales prices to be obtained for real estates noticeably downward. However, this often increases the chances of selling to people who want to live close to the city but in a quiet area. Through your connection to Lukinski you have access to our extensive pool of interested parties!

Wiesbaden offers a lot of architecture!

Statistics – Facts and Figures

Source: Wikipedia / Wiesbaden. More statistics can be found here: Real Estate Statistics.

• State: Hesse
• Administrative district: Darmstadt
• Altitude: 117 m above sea level
• Surface area: 203.93 km2
• Population: 278,342 (Dec. 31, 2018).
• Population density: 1365 inhabitants per km2
• Post codes: 65183-65207, 55246, 55252
• Area codes: 0611, 06122, 06127, 06134
• License plate number: WI
• City structure: 26 municipal districts

Directions and address – Municipality

Questions on the subject of new real estate construction? Here you will find contact persons and all forms. Address of the city administration: Schlossplatz 6 65183 Wiesbaden.

Wiesbaden among the 10 most expensive cities

Did you already know? Wiesbaden is one of the most expensive cities in Germany. The rents are exploding and more and more singles and families in Wiesbaden rely on their own property. For singles it is mostly the 40 – 120 sqm² condominium, for families usually a house with over 110 sqm². Good times for sellers! These are the cities with the highest rental prices for apartments in Germany in Q1 2019 (in euros per square metre):

You can find more statistics at Statista

Best chances for your sale

Administrative city, cultural metropolis, spa facilities, proximity to nature and a lot of historical building fabric in surroundings steeped in history: All these are the best prerequisites for the quick and lucrative sale of your property in Wiesbaden. Lukinski helps you to find the best price and introduces you to solvent buyers for your property at short notice.

As a full-service company, Lukinski will professionally present your property in the best light and, if required, will take care of the successful implementation of all steps in the sale of the house up to the signed purchase contract. Contact us easily and without obligation. We would also be happy to arrange a personal appointment with you on site.

Wiesbaden – living and working

When was Wiesbaden founded?

The history of Wiesbaden begins in antiquity. The Romans were already aware of the city’s hot springs, near which they built a fortification around 6 to 15 AD. The springs were first described in 77 AD in the work Naturalis historia by Pliny the Elder. A Roman settlement named Aquae Mattiacorum was established. The settlement was the main town of the Roman administrative district Civitas Mattiacorum in the province Germania superior. In 828/830 Einhard, the biographer of Charlemagne, mentioned the name Wisibada(the bath in the meadows) for the first time. At that time it was a main place of the king’s special district.

The thermal springs of the city have then much later – namely in the 19th century ensured that Wiesbaden became a popular holiday resort, especially for the German Emperor Wilhelm II. Even today, Wiesbadeners speak of their city as the “Nice of the North”. Because like the jet-set metropolis on the Cote d’Azur, Wiesbaden also has a casino and a fashionable spa hotel in addition to a spa house.

When did Wiesbaden become the state capital?

In December 1952, the city of Wiesbaden was awarded the designation “state capital” by the Hessian Minister of the Interior. This continued a long tradition as a governmental and administrative metropolis for the “Nice of the North”. For as early as the 19th century Wiesbaden became the Ducal-Nassau residential city. A rapid population growth set in, so that from 1805 to 1900 the number of Wiesbaden residents grew from about 2300 people to more than 100,000.

The growth was by no means to be described as “wild”, because already more than 100 years ago city planners ensured the foundation of corresponding city quarters, which were connected by partly generous avenue streets. Many of the numerous sights in Wiesbaden also originate from this flourishing period of growth.

In the 19th century, a significant part of the building fabric that still characterises the city was created: representative city villas and apartment buildings with classicist facades. It is precisely this building fabric that is once again in high demand among many prospective real estate buyers!

Value development, building fabric and building components

Lukinski can tell you what value development old building fabric has experienced and which building components affect the price of your property in Wiesbaden and how. Lukinski is also well informed about which districts in Wiesbaden are considered to be particularly high priced when selling real estate.

• You can find more about the city on the official website of Wiesbaden.

Sights in Wiesbaden shape the cityscape

• Schlossplatz (Wiesbaden)
• Wilhelmstrasse
• Kurhaus
• Market Church
• Casino
• Hessian State Theatre
• Nerobergbahn
• Neroberg
• Russian Church
• Biebrich Castle

By the way: Did you know that the climate in Wiesbaden is considered particularly mild because of its sheltered location? Temperatures average more than 25 degrees in summer and only -1 degrees in winter!

Heirs – Sale of a house as heir to a community of heirs

Are you or will you become heir to a property in Wiesbaden? Do you not want to use it yourself? Whether renting or selling: Lukinski’s experts are at your side with help and advice. We rent or sell your property at best conditions!

Lukinski is also the right partner for communities of heirs! Because with this special constellation of heirs, the sale or rental of a property is more difficult. In Germany, by the way, around four million properties are expected to be inherited by 2024, according to a study by the DIA (Deutsches Institut für Altersvorsorge).

Communities of heirs in the tax trap

If you have already inherited a house or apartment, start by notifying the tax office of the beneficiaries of the inheritance. This notification must be made within three months. Notifying the tax office is important because the tax office wants to determine a tax liability. By law, there is an allowance on the estate. If this is exceeded, inheritance tax is due. Incidentally, the higher the tax-free amount, the closer the relationship to the deceased.

In the course of the inheritance notification, you must also send the tax office a document showing the value of the property. The tax office performs its own calculations based on a rigid key. However, you can argue against this with the help of a valuation that differs greatly from the tax office’s calculation. An appraiser – such as Lukinski – will serve you best in this regard. The next thing to do is to make an amendment to the land register. This entry is free of charge for the first two years after the receipt of the inheritance and should not be forgotten under any circumstances.

As an heir in a community of heirs, you cannot decide alone about the property. This is because all members of the community of heirs must agree to the sale of the property. During negotiations within a community of heirs, the question often arises as to whether the property should be sold privately or through an estate agent.

Neutral advice is our strength

In order to ensure that the sale/rental process is as conflict-free and swift as possible, we recommend the involvement of a neutral person. At Lukinski, we provide all members of a community of heirs with neutral information on all topics relating to the sale of your inherited property and take care of a quick sale with a good return. Again, we approach the sales process without emotional attachment to the property. We take care of a realistic value and sales price determination, as is currently customary in Wiesbaden.

By the way, when selling an inherited property, a speculation period must be observed! If the purchase of the property was less than ten years ago and the property was not used by the deceased, speculation tax is due. Therefore, the time when the property was purchased by the deceased plays an important role. If the property was in his possession for more than ten years and was used by him himself, no speculation tax is due – unless you want to keep the property and pay off the other heirs.

When selling a house through a community of heirs, there are a few more taxes that may apply. We at Lukinski – Ihr Hausverkauf are very familiar with the legal conditions when selling a property and will be happy to advise you in detail in this regard.

Divorce – separation from the partner: What now?

Many of our clients discuss the sale of their property with us in advance of the divorce. Why? The sale of a house or a condominium takes a lot of time. All formalities should be known in advance, so that afterwards, after the separation, no unpleasant surprises arise. As a real estate agent in Frankfurt, Berlin or Cologne, you are often confronted not only with questions about the process of selling a house, but also with general questions that arise in the run-up to a divorce.

Divorces happen for a variety of reasons and at all stages of a relationship. No matter if it is the first month after a hasty wedding, the famous darn seventh year or the divorce after decades, in the second half of life.

Top 5 reasons for divorce

1. Married too fast – pressure
2. Lack of communication
3. A new partner
4. Mistake of the other
5. Disinterest in one’s partner
6. … all grounds for divorce.

The separation year – necessity, benefits & reconciliations

The separation year is intended to give spouses one last chance for reconciliation and enough time to think about this life-changing decision. The law provides many guidelines here that couples must adhere to. Lukinski’s experts reveal exactly how the separation year works and how couples can make the divorce process the easiest. Common issues in divorce are mainly:

• How soon can you file for divorce?
• How soon can you get divorced again?
• How much does the divorce cost?
• What all do you need for the divorce?

Read more about divorce and the separation year here.

Conclusion – Sell quickly or wait?

No question: A house or an apartment sells at top prices in Wiesbaden today and in the future. Your real estate offer will meet with a large number of interested parties! But precisely for this reason it is important that the seller does not make any mistakes due to premature action or ignorance in the sales process. This applies to individual sellers as well as – and especially – to communities of heirs. We at Lukinski know exactly how to sell your property in Wiesbaden quickly, “noiselessly” and profitably for you! Simply save yourself a lot of time and stress when selling your property in cooperation with Lukinski. Contact us and let us advise you without obligation and gain from our many years of experience with real estate transactions in the Rhine-Main area and beyond. We will take care that your property will be sold profitably!

Broker & contact person Wiesbaden

Get in touch with our real estate team:

• Real estate agent Wiesbaden – Contact person