Living in Westend: Upscale district with elegant flair

The main street of the Westend is characterized by unique cafés, award-winning restaurants and luxurious boutiques. This is not only important to the local companies and businesses, but also to the residents of this exclusive residential district. No wonder: after all, only the wealthiest of the city were drawn here in the 19th century. Since then, the Westend has retained its reputation. Well-tended green spaces and awe-inspiring mansions make up the cityscape here.

Welcome to Frankfurt: International metropolis in Hesse

Frankfurt is considered one of the most impressive cities in Germany. Modern skyscrapers adorn the skyline of the city center, the banking district, home to many major German and European banks, offers plenty of job opportunities and the multitude of exclusive boutiques and culinary delights from all over the world inspire not only long-established Frankfurt residents, but also newcomers from all over Europe. The economic strength of the city, as well as its prime location, make Frankfurt one of the most important and international metropolises in Germany.

Westend: Map & Location

The Westend is located close to the city centre of Frankfurt and therefore not far away from the other sought-after districts Nordend, Gallus & Co.

Here map and location of the Westend:

Sights, Monuments & Co.

The upscale Westend is not only home to a variety of historical monuments and sights, but also plenty of green spaces and parks that make up the charm of the district. While the Botanical Garden is home to over 5,000 species of plants, the Palmengarten invites you to take an exotic tour of the tropics. The third largest park in the city, the Grüneburgpark, is also at home here.

The following sights are right on your doorstep in the Westend:

Sightseeing: A tour of the Westend

The Westend is not only a working district, but also one of the most attractive places to live in Frankfurt. While the many green spaces and parks invite you to go for a walk, Goethestraße with its upscale luxury boutiques from all over the world offers a shopping experience of the extra class. Join us on our tour through the Westend.

Read more here! Frankfurt: Most expensive streets

Goethestraße: Exclusive shopping street – Dior, Armani, Gucci & Co.

Luxurious residential area: mansions, villas & co.

Real Estate & Prices per Square Metre in Westend

You would like to buy a house in the elegant Westend? Much more: Buy a multi-family house directly as a property as an investment, to then rent it out lucratively? In the Westend, both houses and apartments enjoy great popularity. While you have to reckon here for houses in the new building and old building with square meter prices between 3,000 and 4,700 euros, apartments are somewhat more expensive: Here fast times between 10,300 and 14,500 euros become due. Especially if craftsmen, architects & Co. were on the job shortly before the sale, you have to expect a higher sales price.

Here are all prices at a glance:

• Buy a house (existing): 3.890 €/m²
• Buy a house (new construction): 3,570 €/m²
• Buy apartment (existing): 9,122 €/m²
• Buy apartment (new construction): 12,673 €/m²

Conclusion: Living & Housing in Westend

Living and housing in Frankfurt – Especially the Westend impresses with its breathtaking architecture of past times, the well-kept green spaces and the luxurious Goethestrasse. Frankfurt’s real estate market is booming. This is also reflected in the real estate prices in Frankfurt. Life in the Westend is exclusive and discreet. This not only inspires young families with children, aspiring singles and investors, but also many a famous face from film, television, sport and music. Apartments are the most popular here. Although the prices per square metre are among the most expensive in the entire city, they are well worth it.

Frankfurt am Main: Real estate in the financial metropolis

Frankfurt is definitely the most impressive German city. If you stand in the Frankfurt city center, you drive in here, the skyscrapers are something very impressive. This makes the city seem twice as big as Berlin, three times as big as Munich and four times as big as Cologne. The attractive location directly on the Main and in the centre of Central Europe continues to attract people from all over Germany and the world to the city. Frankfurt a.M. is known for its unique skyline, skyscrapers and a thriving financial market. But the city offers so much more. Museums, green spaces, the opera, art halls. Culture as far as the eye can see.

Real estate in Frankfurt

With its opera, theatres and museum mile, Frankfurt has everything that high culture needs. In addition, a decent gastronomy scene, which in terms of internationality has no comparison in the world. There are beautiful parks in the city, as well as the zoo and the Palmengarten, so that you don’t have to leave the city for a short rest. The banks of the Main River invite you to stroll along, in addition to the chic shopping galeries. The skyscrapers are also an attraction in themselves. And if you visit one of the numerous festivals in the summer, it’s hard to get away from the view of the skyline.

• Real Estate Frankfurt

Living in Frankfurt am Main: Popular districts & residential areas

With a population of less than one million, the metropolis in the Rhine-Main region is known worldwide and is home to Germany’s second largest airport. No wonder, after all, Frankfurt is considered an attractive place to live. While the up-and-coming Gallus convinces with its hip flair and excellent location, the Westend and Nordend inspire with their elegant charm paired with historical flair. Find out everything about Frankfurt’s most popular districts, their locations and prices per square metre here. To the overview: Living in Frankfurt am Main

• North End
• West End

Sell, buy and live in Frankfurt am Main

Whether modern Nordend, up-and-coming Gallus, international Westend or the popular neighbouring town of Offenbach, with the current price trend it is worth selling your property in Frankfurt! You want to sell your apartment, your apartment building or your land in Frankfurt? Find out here what you need to bear in mind when selling your property in Frankfurt. In addition: Our free guides and tips on the topics of property valuation, off market and all prices per square metre in Frankfurt – Welcome to Frankfurt! To the overview: Selling real estate in Frankfurt.

• Gallus
• Ostend
• North End
• West End
• Offenbach

You can choose between a simple, a sole and a qualified sole brokerage contract. If you want to remain capable of acting despite the broker’s commission and reserve the right of prior sale, you should refrain from a qualified commission and choose between the other two solutions when concluding the contract.

Content in the brokerage contract: These facts must be present

In a contract with your appointed real estate agent, all rights and obligations of both parties are explained in detail. An important contractual point is the agreed commission, which is to be paid by the buyer when selling and by the owner when renting. Other contractual contents are based on the scope of the services you want and which the estate agent undertakes to provide.

A brokerage contract becomes valid the moment it is signed by both parties. With your signature, for example, you instruct the estate agent to sell your house and to apply all the necessary measures to promote the sale. In the case of the qualified sole mandate, you further agree to the fact that you will not instruct any other estate agent and that you will not sell your property privately. In the contract, you will find out all the details and tasks that will be undertaken for the sale of the house and will be carried out by the agent himself. With brokerage contracts, the written form is necessary, so that verbally concluded agreements are invalid.

Contract is binding on both parties

Through the binding nature of a brokerage contract, you receive the security that the commissioned broker will do everything to ensure that your home is sold in a timely manner. All figures and tasks, the commission and its due date as well as special requirements for our brokers are included in the contract. The agent will advise you before the contract is concluded and together with you will find the form of contract that best suits your requirements for the sale of your house. He will draw up the contract for you in writing, leaving you time to check the details and commission any changes.

More information on the subject of brokers:

Sell

There are various reasons that make you think about selling a property. Many of our clients already own their own house or condo when they inherit their parents’ home and don’t know what to do with the inheritance now. Are you facing this question or have another reason for selling your house? Our professional online real estate agents will assist you and help to get the best price for the property and not put a long wait on the agenda in the course of the sale. While you can sell privately if you are the sole owner, a house or apartment owned by a community of heirs presents greater challenges.

Tasks of a broker

Basically, a real estate agent fulfils all tasks that are important before and during the sales and rental phase. He creates an exposé, determines the market value of your property, advertises your property and is then the interface between you and interested parties. While the creation and publication of an advertisement is a time-consuming but unique task, answering customer enquiries is part of the daily business of an estate agent.

• Here you can find more information about the tasks of a broker.

Commission for the broker – The most important regulations

More than 80 percent of all properties for sale or rent are brokered. This means that the owner commissions a real estate agent to advertise the offer and to carry out all tasks up to the conclusion of the contract on his behalf. Professional brokerage is a service that is agreed between the client and the real estate agent. After the service has been rendered, a commission, the so-called brokerage fee, is due. Who pays the commission depends on the type of commission and the reason for the commission. If you sell your property through an estate agent, the buyer usually pays. In the case of lettings, the buyer principle has applied since 2015, so that the invoice recipient and commission payer is identical to the person who has commissioned a brokerage service.

• Here you can find more information about the broker commission.

Own use at a glance

• Cancellation of the rental contract in order to move into the apartment yourself or for family members
• Long notice period to protect the tenant
• Exceptions for hardship cases such as single parents or families with children
• Own requirements in English

Back to the wiki: Real Estate

Selling a house despite a loan: Paying a prepayment penalty or transferring the loan to refinancing?

You are bound to a real estate financing for 10 years despite a longer repayment phase. This period only does not apply to you if the fixed borrowing rate is shorter. If it becomes necessary to sell the house before the end of the period, you can cancel your loan, but you will have to pay an early repayment penalty to the bank. The lender misses out on interest, which he recovers from you and which can amount to several thousand euros for a real estate loan.

Avoid additional costs: Here’s how!

To avoid these additional costs, you should take a closer look at the following two options:

The family has grown and your original house has become too small? Then you have the option of transferring the loan into a new financing. In this case, you can save the prepayment penalty and refinance by removing the previous property from the land register and registering your new purchase as collateral for the loan with the bank. A transfer of the loan to a new real estate loan is tied to the condition that the new house is either more expensive, but at least equal to the sold property.

In general, it’s a good idea to look at different ways to avoid a prepayment penalty and avoid making the high interest payment to the lender if you can.

Transfer existing loan to home buyer

When selling a house, under certain conditions there is the chance to sell the current real estate loan. If the buyer agrees to take over the loan at identical conditions and has sufficient creditworthiness for the bank to approve the transaction, you will be free of liabilities when the house and the loan are transferred. In this case, you do not have to pay a prepayment penalty, as the buyer takes over your financing and pays it to the bank at the existing agreements according to the loan contract. If you are planning to sell the property including the loan, we recommend that you take great care in your search for a solvent buyer.