With the conclusion of a purchase contract, the financing is already under the umbrella. The bills from the broker, notary, land registry and tax office come as soon as the loan is fixed. Because of this, the credit is often underestimated. Back to German Real Estate Overview.

Additionally, in the following there may be slight grammatical errors, as this article was written by a German tax expert. This does not detract from the quality of information.

What Percentage are Incidental Purchase Costs?

20% ancillary building costs should be included in the loan at least, in addition to the purchase price, and are quite realistic.

~ 20% of the purchase price

The 4 Biggest Additional Costs when Buying Real Estate

The overview shows the 4 largest additional costs you expect when buying a house. But what other costs are involved in building a house? Find out more here: House construction & the costs that come up.

Fees: Notarization of the Purchase Contract by Notary

The fees for the notary appointment are probably one of the largest items in the additional costs of the house purchase. The notary fees are fixed and may not deviate from these in any direction, but even these are quite high.

~ 1,5% of the purchase price

As a rule of thumb, about 1.5% of the purchase price has been set – and this only for the signature of the purchase contract. So if you purchase a property with a purchase price of 100,000 Euros, the notary’s fee is 1500 Euros, which, in Germany, is usually paid for by the buyer.

The exact fees for notaries in Germany are laid down in the notarial fee schedule, but can also be calculated online.

• Read more here: Notary and Purchase Agreement

Taxes: Real Estate Transfer Tax

As soon as the contract has been signed at the notary and the purchase agreement has been notarized, the buyer will receive mail from the tax office. Next, the purchase tax is demanded from the buyer.

This is incurred somewhat differently. Normally it amounts in Germany round about 3% – 6% of the purchase price of the real estate. Since the land transfer tax is a state tax, meaning each state determines their individual rates land transfer tax rate.

In some federal states, however, such as Hamburg, Berlin and Saxony-Anhalt, it is 4.5% of the property purchase price. For a purchase price of 100,000 euros, for example, you therefore pay another 3500 / 4500 euros for the land transfer tax.

Reading tip: Get to know tax planning options, from cooperatives to family foundations: Save taxes with real estate

Purchase price 100.000 Euro

This debt should be paid immediately, because only when the amount has been received by the tax office will the latter issue the so-called clearance certificate. This certificate is mandatory for the transfer of the new owner to the land register. This is arranged by the land registry office and costs again fees, which are comparatively low.

3.5 – 6.5% of the purchase price

Commission: Brokers Calculate their Share

Whoever buys a property or a plot of land through a real estate agent must of course include the commission to the agent in the overall calculation. You will usually receive the invoice from the real estate agent directly after the notarization.

How high the commission is varies and depends on various factors, such as the region. In most cases it varies between four and six percent of the purchase price of the property.

With a property purchase price of 100,000 euros, you pay between 4,000 and 6,000 euros only for the real estate agent. However, it is important to know that it is definitely worthwhile to negotiate with the real estate agent’s commission, as it is known that this is associated with a large amount of leeway.

A recommendable, total commission of 3.48 percent including VAT is a recommendable and realistic value.

~ 3.48 % of the purchase price

Supplements: Credit Interest and Installment Surcharges

The banks would like to take part in a house sale, of course, and not only through the loan interest rates. In addition to the negotiated loan interest rates, you are charged costs that are additional and usually not expected by the buyer.

These costs are not clearly visible at first glance and therefore banks are deceiving their customers. Such hidden costs can occur in the form of monthly provision interest on the unpaid portion of the total loan.

There, for example, 0.25% is charged, which the customer does not expect and which adds up to the mass. For a loan amount of 100,000 euros, this is about 250 euros per month, which you do not expect.

Additional, Hidden Costs

But there are other hidden costs that you don’t expect. These include account management, which some banks charge as a fee, but also installment surcharges if you get part of the loan paid out, depending on the progress of the construction.

With your loan, pay special attention to exactly what is written in the small print, ask about all unclear points and only sign if you are certain about all obligations.

To be on the safe side, have your bank calculate the so-called total effective interest rate or the actual effective interest rate. There, all service charges are listed in detail and clearly arranged.

Assessor & Renovation – Potential Additional Costs

Another factor that does not apply to all properties is the cost of appraisers and renovators.

Particularly with older real estate it is meaningful to hire an appraiser before the purchase, who examines the real estate down to the lattices. This includes, for example, checks on moisture and pollutants (especially for properties dating from the 1970s). Such appraisals are carried out by independent experts such as architects or civil engineers but also real estate experts.

The costs here are very different, as it depends on the type of expertise and the time required. Depending on how good the report is, possible renovation work in the future may be necessary, which should be incldued in the purchasing price as a reduction. For this reason, these assessments are critical.

Whether it is a new heating, new windows or the restoration of the roof, the costs for this case also vary greatly. Here you should note that there are usually costs for general renovation before moving in. New floors, different wall colors, a new kitchen or even tearing down a wall.

All these things again cost money, which should not be underestimated. Often there are more costs than planned, because something goes wrong, but was more expensive than calculated or small things are missing. Also note that many renovation works cannot be done by yourself. So you need craftsmen and experts to help you and they will of course calculate their working time. Before you decide on a house, think about which work would still have to be done, what you would like to renew and how much the costs for such renovation work will be.

Conclusion: Calculate additional purchase costs

In Germany, for a property with a purchase price of 100,000 euros and a loan of the same amount, expect additional costs of 9,000 to 12,000 euros.

If you do not include them in your loan amount, they must be deducted from your own capital. Such unexpected service charges should not be underestimated and can vary enormously from property to property. The higher the price of the property, the higher the service charges you expect.

• Back to our full guide on Real estate Taxes in Germany.

Additionally, in the following there may be slight grammatical errors, as this article was written by a German tax expert. This does not detract from the quality of information.

Grundwerbsteuer Explained: Purchase of Land or Property

As described in the introduction: Whenever a property or part of a property is purchased, land transfer tax is incurred in Germany. The tax is levied on the basis of the Land Transfer Tax Act (GrEStG). The amount of the real estate transfer tax is determined by the federal states. It is therefore a state tax. The respective federal state can therefore decide for itself whether it passes on the tax levied to its local authorities. But first we look at what a Grunderwerbsteuer really even is.

Are you looking at investing in German real estate? Don’t miss our article

• How to Save on Real Estate Taxes in Germany

Grunderwerbsteuer Meaning

Grunderwerbsteuer is a tax on the purchase of real estate. The translation of Grunderwerbsteuer is real estate transfer tax or land transfer tax. Note, in the USA, this concept has different meanings depending on the state (more on that in our article on Real Estate Transfer Tax in the US). How the Grunderwerbsteuer works is explained further below.

Who pays the Real Estate Transfer Tax?

After you have bought your property, the purchase must still be notarized. The purchase contract states who has to pay the land transfer tax: buyer or seller. Without this additional agreement, the law (§13 No. 2 GrEStG) states that first of all the previous owner and the purchaser are tax debtors, i.e. both together, buyer and seller.

After notarization, the notary sends the signed purchase contract to the responsible tax office, which then writes to the party to be charged with the real estate transfer tax assessment. The tax is due one month after notification of the tax assessment. However, the tax office may set a longer payment deadline if necessary (see Grunderwerbsteuergesetz (GrEStG) §15 Due date of the tax).

Grundwerbsteuergesetz (GrEStG): § 13 Tax debtor

Here is a short look at the legal text on real esate purchases according to §13 No. 2 GrEStG. This is our best attempt at a translation, these terms are as similar as possible to the original meaning.

Tax debtors are:

• By Default: the persons involved in a purchase transaction as contractual parties;
• In case of acquisition by operation of law: the previous owner and the acquirer;
• In the case of acquisition in expropriation proceedings: the acquirer;
• In the case of the highest bid in compulsory auction proceedings: the highest bidder;
• In the case of the merger of at least 95 per cent of the shares in a company in the hands of the acquirer: the acquirer;
• In case of acquisition by several companies or persons: these parties;
• In the event of a change in the membership of a partnership: the partnership;
• In the case of an economic interest of at least 95 per cent in a company: the legal entity which holds the economic interest.

Source: Federal Ministry of Justice (as of 09/2020).

Cost table: Tax According to Purchase Price

Status: 09/2020

Tax Rate by State: Amount

• Bavaria – 3,50%
• Berlin – 6,0%
• Bremen – 5.0%
• Hessen – 6.0%
• Lower Saxony – 5.0%
• Rhineland-Palatinate – 5.0%
• Saarland – 6.50% li>
• Saxony – 3,50%
• Saxony-Anhalt – 5.0%

Property Tax Compared to Trade Tax, Income Tax and Sales Tax

Real estate tax is levied on land, but also on hereditary building rights to land, the so-called substance tax. The assessment basis for the land tax is usually the value of the land plot. The tax rate is usually set at the municipal level.

This infographic below shows the tax revenue of German municipalities according to tax types (in billions of Euros). Please note that an English translation was not available. Blue denotes income tax, green is trade tax, purple is property tax, and orange is goods-and-services tax.

Purchase Price – 1.000.000 Euro

Below a graph for the amount of taxes you will pay based on what state you are buying the property in. The basis is a purchase price of 1 million Euro.

Purchase Price – 1.200.000 Euro

Below a graph for the amount of taxes you will pay based on what state you are buying the property in. The basis is a purchase price of 1.2 million euros.

Purchase Price – 1.500.000 Euro

Below a graph for the amount of taxes you will pay based on what state you are buying the property in. The basis is a purchase price of 1.5 million euros.

Purchase Price – 2.000.000 Euro

Below a graph for the amount of taxes you will pay based on what state you are buying the property in. The basis is a purchase price of 2 million euros.

Purchase Price – 2.500.000 Euro

Below a graph for the amount of taxes you will pay based on what state you are buying the property in. The basis is a purchase price of 2.5 million euros.

Purchase Price – 5.000.000 Euro

Below a graph for the amount of taxes you will pay based on what state you are buying the property in. The basis is a purchase price of 5 million euros.

Plots, apartments & house in Germany. Classical or exotic: Which property is suitable as an investment? The interview: Real estate as a capital investment. In our city analysis you will find clues as well (see below).

Tip from the real estate agent: You want a purchase price for comparison? Before you evaluate your real estate , use apps from real estate portals. Here you can simply track your location with GPS and the app will show you purchase prices and comparison offers in your area. The fast way to a first, rough evaluation of your property.

Price: Rent, buy, living

Renting, buying, living. Here you will find more information about the population, rental prices and purchase prices in the individual cities:

• Buy and rent: Berlin
• Buy and rent: Düsseldorf
• Buy and rent: Frankfurt
• Buy and rent: Cologne
• Buy and rent: Hamburg
• Buy and rent: Hanover
• Buy and rent: Munich
• Buy and rent: Stuttgart

Tax optimization: Procedure and Knowledge Build-Up

Topic Taxes. This brings us directly to the topic of optimizing taxes. Knowledge about finances and taxes is absolutely essential when buying your first property. Understanding taxes is important, because this is how you can convert taxes into private assets.

How does it Work? An Example for Real Estate Investors

In the case of real estate, for example, this involves lifting platforms for duplex parking spaces. So lifting platforms, where you get e.g. two cars on one parking space. They have a shorter depreciation period. Here, depreciation for wear and tear applies, distributed over the actual useful life, deductible according to the official lists of the Ministry of Finance. Exception expenses up to 800 Euro – without VAT – can be deducted immediately in the year of purchase.

You will of course no longer get such knowledge from your tax consultant. Why should he or she, if he or she knew about it, your tax advisor* would be a millionaire* himself.

Details

More details on optimizing your tax sheet for your real estate can be found in our article on the matter

• German Real Estate Taxes – Saving on your Property Investment

If you’re looking to invest in Germany’s thriving real estate market, Lukinski has you covered. From guides to German inheritance law, tax optimization, additional costs and hidden purchase fees, renovation, and the list goes on. Want to delegate the work? As German real estate experts, we can be your man on the ground:

• Realtor, Agent, and Advisor: Lukinski

Buy in Hamburg

First we take a detailed look at current statistics for buyers. Here you will find a lot of information, from the purchase price for a newly built condominium to tips for renting property and answer the question: Buying in Hamburg?

1. Price for condominiums
2. New building: what’s being built?
3. Highest real estate loans: 3rd place Hamburg
4. Buying in Hamburg?
5. Buying an apartment without an estate agent
6. Number of sales of luxury homes

Price for condominiums

Property prices for condominiums in Hamburg from 2008 to 2019, broken down into existing and new construction.

More statistics can be found at Statista

New building: what is being built?

What else is being done in housing construction? Here you can see the structure of the construction volume according to construction sectors in Germany in 2018.

More statistics can be found at Statista

Highest real estate loans: #3 Hamburg

The chart shows a ranking according to highest average mortgage loan in the 20 largest cities in Germany based on a current evaluation of the comparison platform Check24. Loans of 500,000 euros are compared here, for 101 square metres of living space.

1. Munich – 504,000 Euros
2. Frankfurt – 417,000 Euro
3. Hamburg – 384,000 Euros
4. …

View of Hamburg and the new landmark, the Elbphilharmonie Concert Hall.

On the ground floor you have a view of the city centre, shopping streets and the busy life.

In many parts of the city you can also find exclusive objects that have been converted, for example from old dockyard halls, now with loft character.

Where is it worth buying? comparison

Where is it worth buying a property (house, semi-detached house, condominium, etc.)? In comparison, one sees the potential that lies dormant above all in NRW and Hessen. This chart shows the cost advantages of home ownership compared to rents in German metropolitan areas in 2018.

1. Düsseldorf with 53.8%
2. Cologne with 53.6%
3. Frankfurt with 50.1%
4. Stuttgart with 44.0%
5. Leipzig with 41.8%
6. Munich with 37.6%
7. Hamburg with 35.0%
8. Berlin with 26.9%

More statistics can be found at Statista

Purchase of an apartment without an agent

The chart shows the proportion of condominiums advertised by real estate agents in 2016.

2 of 3 condominiums – 65.1% of Hamburg properties are offered by real estate agents

Here you can clearly see that the majority of the market is in the hands of experienced real estate agents. High-quality and good properties are always sold with the help of an estate agent. After all, it is not “only” about the viewing. Buyer acquisition, network, negotiations, credit assessment, purchase contracts, all this belongs to the profession of an estate agent.

1. 78.6% of Berlin’s condominiums through real estate agents
2. Düsseldorf ETW at 76.0% via brokers
3. Hamburg ETW 65.1% via brokers
4. Cologne ETW at 63.0% via brokers
5. Stuttgart ETW at 56.8% via brokers
6. Munich ETW at 55.2% via brokers
7. Frankfurt ETW at 53.3% via brokers

More statistics can be found at Statista

Number of sales of luxury homes

How many luxury properties are sold and bought in Germany each year? These statistics show how manageable the market is. Here you can see the number of sales of luxury homes in selected cities in Germany.

More statistics can be found at Statista

Data show for visualization last survey in the first half of 2010 and 2011. A new, world-famous landmark has been added, the Elbphilharmonie Concert Hall in Hamburg.

In particular, land, houses and condominiums with a view of the water are in great demand. Accordingly, the cooperation with estate agents is worthwhile, because 3 out of 4 properties are only sold through estate agents.

Rent: Prices, stock and development

1. Rental price for apartments
2. Living space per apartment
3. Rental price for dream apartment
4. Service charges in comparison
5. Development of the housing stock
6. Rent a commercial property
7. Rent office: compare prices
8. Rent office: Free areas and practices

Rental price for apartments

Offered rents for apartments in Hamburg in the second half of 2017, broken down by districts (in euros per square metre).

More statistics can be found at Statista

Living space per apartment

Living space per apartment in Hamburg by districts in 2018.

More statistics can be found at Statista

Rental price for dream apartment

Hamburg ranks 4th in the ranking of the rent one would pay for an apartment. This puts the city, as always, at the top of the nationwide comparison of average rents. The chart shows the average rent for an apartment with 3 to 4 rooms (81 to 105 sqm).

1. Munich – 1.500 Euro / month
2. Frankfurt – 1.170 Euro / month
3. Stuttgart – 1.080 Euro / month
4. Hamburg – 1.030 Euro / month
5. Düsseldorf – 900 Euro / month
6. …

More statistics can be found at Statista

Service charges in comparison

The chart shows the total ancillary housing costs per year for a three-person household (in euros). The average in Germany is EUR 1,900.84 per year. The cheapest cities for ancillary costs are:

1. Munich – 1.643,00 Euro / year (257,84 Euro less)
2. Mainz – 1,686.02 Euro / year
3. Hamburg – 1,682.40 Euro / year
4. Kiel – 1.682,40 Euro / year
5. Stuttgart – 1,729.74 Euro / year

More statistics can be found at Statista

Development of the housing stock

Development of the residential portfolio in Hamburg from 2007 to 2018 (in 1,000).

More statistics can be found at Statista

Commercial property rent

Location is everything! Especially for entrepreneurs and companies. In all major cities the rents for commercial properties are rising, only in Berlin the costs for the monthly rent are getting cheaper, and that in the best location. This chart shows the indexed costs for commercial real estate in the largest cities in Germany (Hamburg, Cologne, Frankfurt, Munich and Berlin) in comparison. A joint index takes into account shop rents in prime locations, shop rents in secondary centres, office rents in city centres and the prices for commercial properties.

1. Hamburg
2. Cologne
3. Frankfurt
4. Munich
5. Berlin

More statistics can be found at Statista

Rent office: Prices in comparison

Where are office rents currently highest? Hamburg is right at the top, with current average office rents of 29.00 euros / m². Here you can see the top rents for office space in German cities.

1. Frankfurt – 45.50 Euro / m² (+ 23.1%)
2. Berlin – 39.90 Euro / m² (+ 44.9%)
3. Munich – 39.50 Euro / m² (+ 24.6%)
4. Hamburg – 29.00 Euro / m² (+ 19.0%)
5. Düsseldorf – 28.50 Euro / m² (+ 19.3%)
6. Cologne – 25.50 Euro / m² (+ 20.4%)
7. Stuttgart – 24.00 Euro / m² (+ 21.7%)

More statistics can be found at Statista

Rent office: Free areas and practices

Finding the perfect Hamburg – How does Berlin compare to the other German cities? How many free spaces and practices are there in relation to Berlin, Munich & Co. This chart shows the proportion of vacant office space as a proportion of total office space in selected German cities in 2018.

1. Frankfurt am Main – 6.8% free / 93.2% rented
2. Düsseldorf – 6.4% vacant / 93.6% rented
3. Hamburg – 3.6% vacant / 96.4% rented
4. Cologne – 2.8% free / 97.2% rented
5. Stuttgart – 2.3% free / 97.7% rented
6. Munich – 1.8% free / 98.2% rented
7. Berlin – 1.5% free / 98.5% rented

More statistics can be found at Statista

Living, economy, city and inhabitants

1. City map of Hamburg
2. Most populated districts
3. Average age of the population
4. 3rd place of the most livable cities in Germany
5. Hamburg is family-friendly
6. Most popular districts after immigration
7. Economic situation
8. New start-ups
9. Total gross domestic product
10. Gross domestic product per capita
11. Population
12. Comparison: Hamburg, Berlin, Cologne and Munich
13. Unemployment rate
14. Problems in Hamburg? Survey.
15. Private households: Forecast until 2030 in Hamburg

City map Hamburg

Most populated districts

Ranking of the most populous* districts in Hamburg in 2018.

More statistics can be found at Statista

Average age of the population

Average age of the population in the districts of Hamburg in 2018.

More statistics can be found at Statista

Place 3 of the most livable cities in Germany

Do you consider your city worth living in? Hamburg is in third place with 88%. This means that 9 out of 10 people in Hamburg also appreciate the qualities of the city, from Wandsbek to Eimsbüttel.

1. Stuttgart – 89% think the city is worth living in! 9 out of 10 people live in Stuttgart
2. Cologne – 89%
3. Hamburg – 88%
4. Dusseldorf – 87%
5. Bremen – 86%
6. Munich – 84%
7. Berlin – 83%
8. Essen – 80%
9. Frankfurt – 79%
10. Dortmund – 76%

More statistics can be found at Statist

Do you consider your city to be family-friendly?

1. Stuttgart – 65%
2. Dortmund – 63%
3. Bremen – 61%
4. Hamburg – 60%
5. Cologne – 60%
6. Dusseldorf – 57%
7. Munich – 56%
8. Frankfurt – 51%
9. Berlin – 48%
10. Essen – 41%

More statistics can be found at Statista

Beloved districts after influx

Number of moves to Hamburg by districts in 2018.

1. Wadsbek
2. North Hamburg
3. Hamburg-Mitte
4. Eimsbüttel
5. Altona
6. Harburg
7. Bergedorf

More statistics can be found at Statista

Economic situation

How do you assess the current economic situation in Hamburg?

More statistics can be found at Statista

Newly founded companies

Here you can see the number of newly founded companies by sector in Hamburg in 2018, the top 3 in Hamburg:

1. Trade, maintenance and repair of motor vehicles – 3,151 newly founded companies
2. Construction – 2,957 new foundations
3. Freelance, scientific and technical services – 2,488 newly founded companies

More statistics can be found at Statista

Gross domestic product, total

Gross domestic product of Hamburg from 1970 to 2018(in million euros).

More statistics can be found at Statista

Gross domestic product per capita

Gross domestic product (GDP) per employed person in Hamburg from 1991 to 2018.

More statistics can be found at Statista

Number of inhabitants

Number of inhabitants in Hamburg from 1960 to 2018.

More statistics can be found at Statista

Comparison: Hamburg, Berlin, Cologne and Munich

Where do most of the inhabitants live? Here you see visualized, the 4 biggest cities in Germany. The graph shows the number of inhabitants in the German megacities on 31 December 2018, at the turn of the year 2018 / 2019.

• Berlin – 3,644,826 inhabitants
• Hamburg – 1,841,179 inhabitants (- 1,625,647 cf. Berlin)
• Munich – 1,471,508 inhabitants (- 2,173,318 see Berlin)
• Cologne – 1,085,664 inhabitants (- 2,559,162 cf. Berlin)

More statistics can be found at Statista

Unemployment rate in Hamburg

Unemployment rate in Hamburg from 2001 to 2019.

More statistics can be found at Statista

Problems in Hamburg? Survey

In your opinion, what are the most important political problems in Hamburg that need to be solved as a matter of urgency?

More statistics can be found at Statista

Private households: forecast until 2030

How is Hamburg developing as a city and federal state? Here you can see the number of private households in Germany by federal state in 2018 and forecast for 2030 (in 1,000). This is an optimal situation for landlords as the demand for living space increases.

More statistics can be found at Statista

Buy in Germany

Tip! Read more about Buy an apartment: The 10 most expensive German cities.

1. Ranking: Square meter prices for condominiums
2. House price index: Development of house prices
3. Development of construction investments in Germany
4. Ownership ratio in Germany

Ranking: Square meter prices for condominiums

Cities with the highest prices per square meter for condominiums in 2015 and 2019 (in euros per square meter).

1. Munich – 8,993 Euro / square meter
2. Frankfurt am Main – 6,701 Euro / square meter
3. Stuttgart – 6,324 Euro / square meter
4. Potsdam – 6.1.64 Euro / square meter
5. Berlin – 5.578 Euro / square meter
6. Hamburg – 5,507 Euro / square meter
7. Düsseldorf – 5,470 Euro / square meter
8. Erlangen – 5.416 Euro / square meter
9. Regensburg – 5.411 Euro / square meter
10. Freiburg im Breisgau – 5,349 Euro / square meter

More statistics can be found at Statista

House price index: development of house prices

Development of house prices in Germany in the years from 2000 to 2018 (2015 = Index 100).

More statistics can be found at Statista

Development of construction investments in Germany

Development of construction investments in Germany in the years 2000 to 2016 (compared to previous year).

More statistics can be found at Statista

Ownership ratio in Germany

Ownership rate in Germany in the period from 1998 to 2018 by Länder

All further information on statistics can be found at Statista

Rentals in Germany

Tip! Read more about Rent an apartment: The 10 most expensive German cities.

1. Development of the rental price index
2. Ranking: Rents for apartments
3. Number of newly constructed residential buildings

Development of the rental price index

Development of the rent price index for Germany in the years from 1995 to 2019 (2015 = Index 100)

More statistics can be found at Statista

Ranking: Rents for apartments

Cities with the highest rental prices for apartments in Germany in the 4th quarter of 2019(in euros per square metre)

More statistics can be found at Statista

Number of newly constructed residential buildings

New construction: Where are new apartments being built? Number of newly constructed residential buildings in Germany by federal state in 2017 and 2018 (in 1,000).

Hamburg middle: Exclusive real estates & Luxury

But if you are also looking for exclusive real estate in Hamburg, from condominiums (ETW) to private estates and city villas, then you don’t need an ordinary real estate agent, but someone with expertise. Especially with expensive and high-quality properties, a lot of money can quickly be at stake. From exclusive stucco decorated ceilings in old buildings to marble decorative panels in the kitchen. It takes more than “just” real estate knowledge, it also involves materials, style and future developments, especially for Hamburg investors.

Realtor: Stephan M. Czaja

Phone: +49 30 398 204 207

E-Mail: office@lukinski.com

The Elbephilharmonie in particular, with its unique architecture, stands for Hamburg. Condominiums in the property generate up to 7 million euros (excluding furnishings and extras).

New! Invest in Hamburg

Our new investor brochure gives you a small, first overview of the Hamburg real estate market in our office. Purchase prices for condominiums, houses and tips for neighborhoods, from evergreens to up-and-coming neighborhoods, where the returns on the properties are attractive. Read more here:

• Invest in Hamburg

Hamburg from above: The Elbe makes the port city so special. An ambience that attracts not only residents to Hamburg, but also investors from all over the world, from London to Dubai.

Extremely popular is the Speicherstadt, here you can find the Hamburg that many have in mind. The typical Hanseatic look of the city not only attracts millions of tourists, but more and more people are daring to move to the city. This increases the rents but also the purchase prices. Accordingly, the investment is so attractive at the current interest rate.

Many apartments, lofts and penthouses offer unique views in Hamburg. Perfect for people who work a lot and are therefore looking for relaxation in their own four walls.

HafenCity and the Old Town in particular attract actors, celebrities, but also people from business and industry. Finding good properties is not easy, as the market is completely saturated. So your broker in Hamburg also needs a strong network of personal and long-term contacts.

We are there for you. Give us a call or write to us.

• • • Realtor contact

Wandsbek, Eppendorf, Speicherstadt, Old Town & Co.

City map

Home visit? weather forecast for Hamburg

The temperatures in Hamburg today.

Forecast: Today / 3 days

Hamburg from above: Skyline

Example property Hamburg

Condominium: Loft

As already mentioned, the Speicherstadt is in a prime location.

Condominium: Penthouse

Your condo in Hamburg could be furnished that luxuriously. The architecture combines modern elements and classic brick accents on the wall. Complemented with art or decoration a real dream.

Black and white bring clear lines but also an exclusive ambience.

Condominium: suburb

Have you ever thought about newly built, old factories? The special loft character makes this property highly desirable, especially for artists and people who love free space.

Investment: Tips and explanation

More tips and recommendations? Is real estate worthwhile as a capital investment? What taxes are incurred and are there any tips on how to save taxes? In FIV Magazine we provide answers to many questions on the subject of capital investment. Not only real estate, but also precious metals, art and equity funds are in focus. After all, a good investment portfolio always contains a mix of several elements.

My column in FIV Magazine on the subject of capital investment.

Luxury Realtor: Contacts

My team and I support you in your search for real estate in Hamburg. No matter whether as capital investment, for rent or for own use. With good contacts and recommendations, we will find the most interesting investment properties for you in Hamburg central. More questions? Call us or write us free of charge:

Realtor: Stephan M. Czaja

Phone: +49 30 398 204 207

E-Mail: office@lukinski.com

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Lukinski

Luxury Real Estates & Marketing Agency

Realtor & Luxury Properties – Are you looking for an exclusive property? My team and I have specialized in the mediation of luxury real estate. Condominiums for capital investment (keyword asset increase) for parking or for active letting or also for your own private use. Whoever wants to buy or sell a luxury property is also entitled to first-class services during the process and after the transaction. We offer you a comprehensive concept that takes care of everything completely. Lukinski – your luxury realtors.

Properties for rent, as capital investment and for own use

Real estate is an excellent capital investment. This also answers the question, is real estate a sensible capital investment? Yes. Ultimately, real estate not only serves to increase one’s own assets in the short term, but is also extremely attractive in terms of retirement planning.

Realtor: Stephan M. Czaja

New York: +1 646 547 1187

London: +44 20 3475 9225

Berlin: +49 30 398 204 207

E-Mail: office@lukinski.com

Risk comparison: real estate, art, share & Co.

Real estate is a relatively safe business, because you are always “used to”. However, real estate does not have to be rented out, it can also experience excellent value appreciation when parked. In metropolises like Berlin, London, Dubai or New York land is often bought without being built on. The increase in square metre prices is so extreme that the vacancy alone generates a large return, through pure capital expenditure.

Real estate has the further advantage. Compared to other investment opportunities such as art or shares, they are much less speculative. The default risk is correspondingly lower.

Sustainable investment: living, renting and trading

In terms of real estate speculation, we are mainly focused on short-term profits in the period of 2-5 years. But real estate can do much more. Also investors with a long-term perspective can invest here.

Thus capital investments in real estate are suitable thus not only short term profit increase, but naturally also for lasting Investments – we regard cities such as Munich or New York give it, despite short term bubbles, on the average on a long-term basis always profits.

Starting with a small condominium, through your own house to a fully rented apartment building. The possibilities of earning money with real estate are numerous and diverse.

Luxury real estate agent

What does a luxury real estate agent do? What are the core areas, but also goals and differences to the “normal” real estate agent?

• As a Luxury Real Estate Agent, one pursues a much more intensive, comprehensive and binding cooperation
• Security and success in buying or selling
• For our buyers, one thing usually matters first: location

Location is everything. No matter if Berlin, Hamburg, London, Dubai or even New York and Los Angeles. But for buyers of luxury properties, it is not only a first-class location that counts, but of course also factors such as the building fabric, architecture and design, as well as the interior design and fittings of the property.

Individuality and personality of the buyer play a major role. This is already taken into account in the research of new buildings for capital investment but also for own use.

Quality and quantity: network

The biggest advantage for you as a buyer or seller: The network of the broker. Because when it comes to profit, the quality and number of the broker’s contacts is what counts most.

What does such a network look like? The network ranges from real estate agents to property developers to secret tricks. After all, luxury properties in particular are often not traded in public spaces. This means that they will not appear on any of the usual real estate platforms.

You need a good luxury broker!

2+ million – Did you know that our websites reach over 2 million people a year? Currently there are 190,000 people a month

We reach over 2 million people a year – without external real estate portals. That makes us unique worldwide.

In particular through our work with celebrities, sports stars, models, but also people from business and politics, we offer as luxury real estate agents not only expertise, but above all anonymity.

Luxury specialization – avoid mistakes

If you want to buy a high-quality property and at the same time avoid mistakes when buying property, you should always rely on the expertise and experience of a real estate agent specialising in luxury and high-quality, exclusively traded properties.

Particularly in the case of new construction and conversion of properties, there are always more or less calculable risks. The higher the purchase price of a property, the higher the risk of making wrong decisions in the process. Mistakes that then do not cost thousands of euros, but sums that can quickly run into six figures.

Mistakes that are avoidable! Especially the experience of a real estate agent is extremely helpful. Not only in the valuation of real estate but of course also in the later negotiations, buying prices as well as the purchase contract and notary.

Foreign real estate

If you want to buy a property abroad, e.g. in the USA or Dubai, you will face a very special challenge. Legal regulations for buying and selling but also certain conditions for the purchase, especially in the USA.

Further it goes with taxes and duties. Of course you need experienced partners to avoid cost traps. It is not only a matter of paying too much, of course tax tips in the respective country are also valuable for buyers.

With our help and our partners, you will find attractive investment properties in many of the world’s metropolises, where our network of contacts exists. These include major American cities such as Los Angeles, New York and Miami, but also new trends and hotspots such as Dubai.

Privacy and security

Anyone who wants to invest in exclusive luxury real estate does not only expect high-quality materials, the best building fabric and of course an excellent location of the property. For many people, privacy and security are the most important factors. Starting with their own fleet of vehicles, from Bentley and Ferrari to private, untroubled life, protected from cameras.

Especially prominent people from public life seek seclusion. There are many tricks that are used by building owners. From mirrored facades to fog systems, for terraces and properties. In Los Angeles, for example, many such fog systems are used. Unlike in Germany, you spend a lot of time outside in warm Los Angeles. At the same time the city is teeming with unpleasant paparazzis, so parties are quickly exploited to take unwanted, private photos. Fog systems block the view, so that the privacy of the guests is preserved. But for almost everyone it is important to accommodate their own car safely and comfortably. Many even have a glass garage built right next to the living room.

So when it comes to security and privacy, there is a lot of creativity in real estate.

Real estate agent tasks

Unlike real estate agents in the normal, standard segment of apartments and houses, real estate agents in the luxury segment are no longer “only” about the mediation.

As a luxury real estate agent you are a partner, after all it is not only about 1.000 € rent per month as with 99% of the usual mediations. Accordingly, the tasks of the real estate agent are much more intensive, individual and all-encompassing. Because here it is no longer just about building substance, but about a deep understanding of the individual wishes of the client, it is about design, style, building materials, furnishing but in such a way around a value analysis with forecast and development, tax tips and much more.

• Qualified real estate agents will advise you on all your questions regarding real estate, as all real estate agents do
• Advice on contractual aspects, legal problems but also purchase contract, notary & Co.
• Marketing of real estate through digital and analogue distribution channels
• Luxury brokers have an international network (often through other entrepreneurial activities, wider spectrum)
• Security and purchase or sales success, especially in real estate law and local tax regulations
• Exclusive real estate offer, often not online but only available internally
• Real estate scouting of new properties
• Risk minimization and personal support in the purchase process

The first step is always a conversation. Whether on the phone or in person for a short business dinner. The individual wishes and needs can best be defined in a personal conversation. From this, clear goals can be set, which are then achieved through research and negotiations.

The tasks of an estate agent are extremely diverse and differ depending on whether he or she is acting for the buyer or seller. Roughly speaking, the tasks of an estate agent for exclusive houses and condominiums can be summarized as follows:

Organisational management

• Procurement of all documents and records relating to the property as well as their processing and storage
• Qualification of potential buyers (seller) or objects (buyer) for the pre-selection, an extremely time-saving aspect for you

Marketing (for salesmen)

• Organisation and implementation of visit appointments

Negotiation, settlement and credit rating

• Negotiations with various interested parties or owners
• Check of the buyer’s creditworthiness and tips for your creditworthiness as a buyer
• Preparation of the purchase contract in cooperation with the notary’s office
• Attendance at the notarisation
• Turnkey and smooth handover of the property
• Support even after the conclusion of the purchase contract, for example as property manager for your future tenants

Example objects: Luxury real estate

Germany

Hamburg

Luxury brokers for HafenCity, Alstadt and the entire city area from Wandsbek and Eppendorf to Eimsbüttel and Altona. We will find your dream property, even if it takes a little time, because Hamburg is overheated! Good contacts are therefore the A&O for condominiums for sale and houses with stable value appreciation. Hamburg is the only metropolis in Germany that offers a harbour feeling. Thousands of containers reach the city every day via the port facilities. That is why so many people are attracted to Hamburg. Not only is there a flourishing Hanseatic economy, Hamburg is also home to the major media houses, advertising agencies and, of course, a correspondingly large number of real estate agents.

• Luxury Realtor Hamburg

Berlin

The situation is so explosive that the senate is now introducing legislation to cap rents. Condominiums as capital investment, for rent or for private use: Berlin is, next to Hamburg, the city for investments in the real estate sector. From 50-120 sqm condominiums to city villas with up to 2,100 sqm of land. We track down for you the properties that offer the greatest returns and the greatest possible luxury and comfort.

• Luxury Realtor Berlin

Cologne

Brokers Cologne – Cologne stands like no other city in Germany for media, TV and press. This is why the metropolis on the Rhine is constantly growing. Südstadt, Altstadt, Ringe, Ehrenfeld or Sülz, where is the best place to live? Anyone moving to Cologne or looking for property of stable value needs a good consultant.

• Luxury Realtor Cologne

Düsseldorf

Brokers Düsseldorf – Düsseldorf stands for luxury, shopping and an internationally positioned local economy. High fashion companies have their headquarters here, but also the state government of NRW. Accordingly, the city on the Rhine is attractive for investors. Whoever crosses the bridges of Düsseldorf for the first time, quickly falls in love with the city. However, there are considerable differences in the increase in value.

• Luxury Realtor Düsseldorf

Frankfurt am Main

Real Estate Agents Frankfurt – Buying luxury real estate in Frankfurt am Main requires local knowledge of the Rhine-Main area and an agent who knows his trade. Because not only the city of Frankfurt is interesting as an investment property, but also suburbs and the surrounding area, from Darmstadt to Mainz.

• Luxury Realtor Frankfurt

USA

Realtor USA – Buying luxury real estate in USA requires local market knowledge. Especially in times of low interest rates it is worthwhile to invest in a good property, whether in New York, Los Angeles, Miami or even cities like Chicago.

New York

Manhatten, Upper East Side, Midtown & Co. Buying luxury real estate in New York requires local market knowledge. As a unique metropolis, New York City offers the flair that millions of people are looking for. In New York, history is written every day, high politics, world stars and media. Especially in times of low interest rates it is worthwhile to invest in a good property, whether in New York, Los Angeles, Miami or even cities like Chicago. From the small 50-80 sqm condominium to the spacious private property with up to 1,800 sqm of land. We track down for you the properties that offer the greatest return and the greatest possible luxury and comfort.

• Luxury Realtor New York

Los Angeles

Los Angeles: If you live here, you can expect a first-class location under the most famous sign in the world: Hollywood. High-quality furnishings, exclusive materials and luxury in the bathroom, kitchen, bedroom and living room. In LA you will find your dream property under guarantee. We will track down for you the properties that offer the greatest returns and the greatest possible luxury and comfort. Los Angeles, as a metropolis, offers the lifestyle that thousands of new LA residents seek each year. The housing market is therefore highly competitive, especially in the most popular districts such as Hollywood Hills, Beverly Hills and of course downtown, right in the heart of the city.

• Luxury Realtor Los Angeles

Miami

Real Estate Agent Miami – You want to buy a luxury property in Miami? If you wish, we can show you exclusive properties as an investment or for private, personal use. Miami attracts many, it offers lifestyle as well as a busy, international local economy. What are you looking for? Are you looking for a condominium as an investment, do you want to rent a property for rent or do you want to move in yourself? Depending on the objective of your investment, the parameters of the research vary. As an estate agent we give you a clear and deep insight into the local market.

• Luxury Realtor Miami

Metropolises

London

The search for exclusive properties in London’s most popular areas such as Notting Hill, Soho, South Kensington or Westminster is challenging for you as a buyer, from condominiums (ETW) to private estates and city villas. The same applies to the aforementioned parking spaces. Did you know that the most expensive car park in the city has just changed hands for £240,000? A simple parking space, not a car park, right on the street. So you see: London’s property market is hot.

• Luxury Realtor London

Dubai

Dubai is the new hotspot for the whole world. The desert state is attracting more and more people to the city. Dubai offers attractive advantages for many. Living in one of the world’s metropolises with the best opportunities for one’s own career but also education through good universities, whether for one’s own children or junior staff for entrepreneurs. Those who live here can expect a first-class location. High-quality equipment in bathroom, kitchen, bedroom and living room, of course never without the most modern air conditioning. Burj Khalifa, Palm Island, The World & Co. We will help you with your property search.

• Luxury Realtor Dubai

Investment: Tips and explanation

More tips and recommendations? Is real estate worthwhile as a capital investment? What taxes are incurred and are there any tips on how to save taxes? In FIV Magazine we provide answers to many questions on the subject of capital investment. Not only real estate, but also precious metals, art and equity funds are in focus. After all, a good investment portfolio always contains a mix of several elements.

My column in FIV Magazine on the subject of capital investment.

Luxury Realtor: Contacts

My team and I support you in your search for real estate in Berlin. No matter whether as capital investment, for rent or for own use. With good contacts and recommendations, we will find the most interesting investment properties in Berlin central for you. More questions? Call us or write us free of charge:

Realtor: Stephan M. Czaja

Phone USA: +1 646 547 1187

Phone UK: +44 20 3475 9225

Phone Germany: +49 30 398 204 207

E-Mail: office@lukinski.com

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