This article is part of our series on top Canadian real estate destinations. For a full overview, check Canadian Property – Real Estate Market Explained.

Calgary: Money in the Prairie

As a highly developed city in Canada’s West, Calgary finds the balance between modernity and tradition. While Calgary is still in the lowlands, the Rocky Mountains rise impressively only 1.5 hours to the west. That means skiing, awe-inspiring hikes, and mountain bike tours, are no problem for Saturday afternoon leisure. It is a multi-cultural city, with over 120 languages spoken here. It also has great shopping districts, great restaurants, nature with rivers and hiking trails in the center and enough sights. East Village and Inglewood have been developing rapidly in recent years. East Village is undergoing a complete transformation – once a dark corner, the whole town is now drawn there to eat at the Charbar and walk along the river. Soon the National Music Center and a new library will be added.

• Over 120 languages
• 1.5 hours from Rocky Mountains

Development in Cowtown

The largest city in the western Canadian province of Alberta, With its approximately 1.4 million inhabitants, Calgary is the 4th largest city in Canada. Calgary has the longest urban bike lanes in North America at 700 km. The most important economic sector in Calgary is the oil and gas trade. Additionally, Canadian immigration law imposes certain strict restrictions. Anyone wishing to work in Canada abroad must meet requirements that are recorded in a central points system and evaluated accordingly. Infrastructural improvements and social projects have clearly been transforming the district for a long time. The city had a population of 1,285,711 in 2019, with a massive GDP of USD$97.9 billion.

• No Provincial Sales Tax
• GDP: USD$97.9 bio.
• Pop. 1.29 mio.

Economic Slope… Upwards

Many large corporations have their headquarters for Canada in Calgary. Sales and organization of petroleum products and natural gas play the main role. Despite the diversification that has been pursued since the 1980s, Calgary’s economy is still heavily influenced by the gas and petroleum industries. This is reflected in the median income of CAD103.400. Companies such as BP, Canadian Natural Resources, EnCana, Imperial Oil, Pembina Pipeline, Petro-Canada, Shell, Suncor Energy, Precision Drilling and TC Energy are headquartered in Calgary. Scientific and research institutions and an increasingly differentiated service industry prepare an increasingly broad spectrum of economic sectors and professional fields.

• Median income CAD103.400

Property Investment: State of the Art

Of the total GDP growth experienced in Canada, over 50% were a result of real estate. In Calgary, the boom in the oil industry provoked a construction boom. When what is under construction is completed, office space in Calgary will grow by about 16 percent to 5.8 million square meters. This points to rapidly growing vacancies and declining rents. In the graph below, you can see the typical choice in real estate for Calgary home-owners. The most popular type of housing in Calgary is a single-detached home with 5084 dwelling starts. This is 241% more than apartments at 2106. The median house price in Calgary is CAD415.000.

• Single-Detached homes most popular
• Median house price CAD415.000.

Map: Prairie and Mountains

Drone: Cinematic Calgary

A view of downtown Calgary gives a peak into the beautiful inner city.

Districts: Mix and Match

Calgary, like most cities in Canada, has a wide span of cultures and communities. Much like Toronto, these thrive in a city which has its economic center in its downtown. The city is split by the elbow river, leaving many waterside parks and buildings. Few cities are as modern, while still remaining true to its culture and history.

Inglewood: Canada’s Brooklyn

Calgary’s oldest neighborhood, just east of downtown, is home to numerous antique and book stores, home furnishings stores, a popular record store, restaurants, bakeries and custom boutiques. Much like New York‘s Brooklyn, this is probably the hippest and most creative neighborhood in the city, there are cool stores beyond the mainstream and many restaurants & cafes. You won’t find many mansions or villas here, but new-age penthouses and lofts with high ceilings and modern atmosphere.

Altadore: Multi-Million Townhouses

Altadore is one of the trendiest quarters of the city. The eclectic character of the neighborhood is reflected in the streets themselves, with million-dollar fill-ups being built next to a variety of character houses. Marda Loop is a popular shopping destination, while the indie cafes and restaurants are popular with gourmets and hipsters alike. While there are a variety of nightlife options in and around the neighborhood, there are also inconspicuous options in Elbow River, River Park or Sandy Beach Park. Both excellent places for dog walks, picnic lunches and a leisurely weekend lunch.

East Village: Industrial Chic

“The East Village wasn’t always the kind of place that decent folk wanted to be seen,”

East Village is one of its up-and-coming areas. But hte now trendy hispter district owns it and not only owns it, wears it as a badge of honour. Old buildings in industrial style show that it is one of Calgary’s oldest neighbourhoods and provide a stunning contrast against modern condo complexes, hotels, and public art.

Brentwood: Warm and Friendly

This beautiful northwestern neighborhood wins many points for its strategic location, between Nose Hill Park, Shaganappi Trail, Crowchild Trail and the LRT line, which allows residents to get away from it all by car or on foot if they feel like it, and ensures that downtown is still just a quick drive away. A family-friendly neighborhood, this time in the northwest quadrant of the city, Brentwood, is very popular with students. It is known in the city as the recreational hub, is the perfect neighborhood for sporty families and active students. Brentwood has also frequently been on the list of top neighborhoods. There are good transportation links that make it easy to get around the city. At the same time, the neighborhood will make sure you never want to leave.

• 6,941 inhabitants

Kensington: In the Hustle-and-Bustle

Kensington is over 100 years old and remains a great downtown shopping area for tourists and a popular destination for locals to date and hang out. Calgary’s hip “village within the city” invites you to drink a latte, eat in one of the many ethnic restaurants or watch a movie in the historic Plaza Theater. Although it is a small business district, about four blocks by four blocks, shaped like two sides of a square, so it’s easy to walk around and see everything. This quarter has about 270 stores and services. There are some cool historical buildings combined with modern architecture. It has a cool and often bizarre impression of the variety of stores and public art.

Calgary: Large Scale Sights

Calgary is unique from its neighbours for its culture, high-end and prestigious offerings, and major money history. Most important parts of these are The Calgary Stampede, the Calgary Olympic Park, and The Calgary Tower.

The Stampede – Cowboys in the 21st Century

The Calgary Stampede is held every July, and is the largest rodeo event and agricultural exhibition in the world. For ten days, the city is transformed into a Mecca for Western fans. It attracts over one million visitors. International cowboys compete in the rodeo, covered wagon races are held and with many musical events, the Calgary Stampede is the annual highlight for locals and tourists alike. All this ensures that the festival lives up to its reputation as the “Greatest Outdoor Show in the World”.

Skiing, Bobsled, and Apres-Ski… in Downtown

The sports facilities of the 1988 Winter Olympics can still be visited today. For example Win Sport’s Calgary Olympic Park with the Olympic ski jump and the fastest rope slide in North America, which you can see on your left hand side when leaving the city towards Banff National Park. Located within the city, just a few minutes drive from pretty much anywehre in downtown. You can also go on a breakneck ride in the ice channel in a bobsled. For skiing and snowboarding there are 4 km of slopes available. 2 lifts transport the guests. The winter sports area lies at an altitude of 1,130 to 1,246 m.

Calgary Tower – Iconic Views

The Calgary Tower is 191 m high and thus West Canada’s highest observation platform (i.e. excluding buildings). Right in downtown Calgary, it rises above the rooftops of the city and offers a 360-degree panoramic view. The floor is made of glass so you can look straight down. For people with a fear of heights, a major challenge. Often confused for the similar (but smaller) CN Tower in Toronto, the entrance fee to this monument also includes a multimedia tour that uses state-of-the-art technology to tell you about Calgary’s history, landmarks and future design.

Calgary Short Trip

The most important infos for a short trip to Calgary.

Flight: The nearest airport is Calgary International Airport (YYC). Most flights from Europe arrive at Calgary International Airport around noon, as does ours. It takes a while to have your luggage and entry stamp. The drive to the city center takes only 20 minutes. The following routes will take you into the city:

• The Calgary Transit Bus 300 (Route 300 – BRT Airport / City Centre) will take you to the city center for $9.50
• From the airport to the city center you can take a cab for about 40$. Don’t forget: 10-15% tips are common in Canada.

Train: Traveling by train is unusual and expensive in Canada. The railroad is aimed more at tourists than at normal travelers with its offers. In spring and summer ‘The Canadian’ of VIA Rail Canada runs the Toronto-Winnipeg-Edmonton-Jasper-Vancouver route. All trains arrive at Pacific Central Station (intersection of Main St & Terminal St, Skytrain Station: Main Street).

Car: You can reach Calgary via the Trans-Canada Highway and Highway Two, also known as the Queen Elizabeth II Highway. The Trans-Canada Highway runs from coast to coast and connects Calgary with Banff National Park, for example. The Queen Elizabeth II Highway runs north to Edmonton and south to the border with the USA

Accommodation: Hotel Le Germain across from Calgary Tower is a classic and chic destination. For a more traditional taste, the regal Fairmont Palliser. If you have an early flight, check out the “in-terminal” hotel, Calgary Airport Marriott In-Terminal Hotel.

This article is part of our series on top Canadian real estate destinations. For a full overview, check Canadian Property – Real Estate Market Explained.

There’s None Like it

Vancouver is a big city, with luxurious ambitions. It is one of Canada’s educational and research strongholds with two renowned universities and numerous research institutions, such as the National Research County of Canada, which includes 20 research institutes. Around 2.3 million people live in the metropolitan region of Vancouver on the Pacific coast, and it ranked sixth place in the Economist Intelligence Unit’s liveability index and the third in Mercer’s list. The prosperity of the metropolis is based on the timber industry and the port of Vancouver, Canada’s largest seaport. Through the 2010 Winter Olympics, Vancouver presented itself to a global audience and, above all, invested heavily in its transportation infrastructure. The Vancouver Stock Exchange is a smaller regional exchange and cannot compete with the Toronto Stock Exchange. Important industrial sectors in Vancouver are forestry and mining. Canada is generally rich in many raw materials and a big player in the international raw materials export trade.

• 6th Most Livable City in the World

Packed Real Estate Market

Vancouver is an ideal place to live, visit and work. A very young city with many modern buildings, it is the third largest city in Canada and only 45 kilometers from the border with the USA. Together with Toronto and Montreal, the most important economic and financial metropolis of Canada. If you’re looking to invest in property, house prices are currently the number one topic of conversation in the city, and hardly a day goes by without them being mentioned in the press or on television. According to the “Housing Trends and Affordability” by the Royal Bank of Canada, the cost of buying a detached single-family home now amounts to 109% of median income. The national average is 51%. There are many reasons for this development: Demand has risen massively more strongly than supply. While the latter is limited not least by geographical factors, demand continues to rise steadily, as foreign investors and immigrants discovered after the 1986 Expo or the 2010 Winter Olympics in Whistler that Vancouver is a great place to live. The median house price in Vancouver is CAD942.000, much higher than e.g. Calgary‘s CAD415.000.

• Single-Family House costs 109% of Median Income
• Population: 2,3 mio.
• Median house price CAD942.000.

Map: Comfort by the Sea

Drone: Vancouver Views

Vancouver and its surrounding nature are better viewed than told.

Districts: Gastown, Yaletown + More

Vancouver has many faces, meaning there are different and unique districts. While most of the high-rise buildings are located in downtown, it gets more comfortable in neighborhoods like Gastown, West End or Granville Island. Also very cozy is the somewhat smaller district of Yaletown.

Gastown: The Epicenter

The historic Gastown is located in the center of Vancouver. Landmark of the former trade and financial center is the famous steam clock, Gastown’s great brick houses and lanterns, are reminiscent of London. It awakes especially in the evening hours when the many restaurants and pubs invite you to eat and drink in the dim light of the old street lamps. It was a Gastown Tavern that, founded in 1867, made Vancouver a growing city. Gastown is not big, but it has a very special effect. It is one of the oldest quarters of the city and exudes a certain charm. Simply wonderful. While the cobblestone streets and vintage style can still be seen, Gastown itself has become a top address for food, fashion and entertainment.

West End: Sunset Promenade

Right next to downtown Vancouver is the West End, which is known as the gateway to the famous Stanley Park. Historic buildings, parks, bars and restaurants are waiting for you and if you love ramen and Korean food you are in the right area. Also notable, the Inukshuk statue that inspired the logo for the 2010 Olympics on the promenade. And of course the beach where you can watch the magnificent sunset. Robson Street has some of the best shopping in town. The West End is also not far away from Stanley Park.

Kitsilano: Hippie Mecca Becomes Suburbia

What makes this district so special is its proximity to the beach. Kitsilano Beach with its tennis courts, a great green area just around the corner and the beautiful view of the English Bay. Kitsilano is located on West 4th Avenue. The main street – littered with stores, restaurants and bars – fills up quickly on weekends. Once a center for hippies, Kitsilano is now home to a colorful mix of working singles and families who enjoy an active lifestyle. The neighborhood is also known for some of the best new restaurants in Canada, including the AnnaLena and Mission.

Yaletown: True Downtown

Yaletown is characterized by several large glass towers that dominate the skyline of Vancouver. In addition to modern apartments, this hip district also offers parks, designer stores, high-end restaurants and bars. It is known for these pubs and bars. Along the Mainland and Hamilton Street, one follows the other. Yaletown was not always a meeting place for trendsetters, but then many of the red brick buildings were converted into special rooms, houses, restaurants and stores. So the luxury lounge where cocktails are sipped today may well have once been a textile factory. Like many other downtown districts of Vancouver, Yaletown is located on the famous waterfront. There you can jog, ride your bike or go for a walk and have a great view of the city skyline and False Creek.

Unique Nature

Vancouver is known for its striking location between the Pacific Ocean and the Rocky Mountains. This means you may find yourself walking along kilometer-long caribbean sand beaches with massive mountains behind you. Not to miss is also the rainforests. The 2009 movie Avatar was filmed in the rainforests around Vancouver. Some trees here are over 1000 years old, over 80 meters high and have trunks as thick as an elephant. Whistler, the legendary ski and mountain resort famous for its deep snow and steep runs is just 1.5 hours away, with countless others scattered across the region.

Vancouver Short Trip

The most important infos for a short trip to Vancouver.

Flight: The nearest airport is Vancouver International Airport (YVR), which is about 20 minutes from the city (only 12 km to the city center). The following routes will take you into the city:

• By train via Canada Line
• With one of the many shuttle services like the “Go Airport Shuttle”.

The airport is relatively small, so you cannot get lost as quickly as at many other large airports. Should this happen, the staff is always very friendly and helpful.

Train: Traveling by train is unusual and expensive in Canada. The railroad is aimed more at tourists than at normal travelers with its offers. In spring and summer ‘The Canadian’ of VIA Rail Canada runs the Toronto-Winnipeg-Edmonton-Jasper-Vancouver route. All trains arrive at Pacific Central Station (intersection of Main St & Terminal St, Skytrain Station: Main Street).

Accommodation: There are hotels of all kinds for pretty much any desires. For those looking for a traditional experience the St. Regis is a top destination. Otherwise the Burrard, right on Robson street is a popular desitnationf or its youthful atmosphere.

This article is part of our series on top Canadian real estate destinations. For a full overview, check Canadian Property – Real Estate Market Explained.

The Superstar City in Canada

Toronto is an economic powerhouse, but also a cultural center, found mostly around the old town, famous for its music scene and its particularly varied gastronomy. The Toronters are also very fond of sports. On game days, the whole city is feverish – in summer with basketball, in winter with ice hockey. 130 kilometers away are Niagara Falls and the city of Niagara Falls (Ontario), and from Toronto there are numerous offers for day trippers. About 320 kilometers down the St. Lawrence River are the Thousand Islands, a group of about 1,800 small islands that can be explored by excursion boats. Downtown Toronto has more than 100 skyscrapers higher than 100 meters, the second highest number of high-rise buildings in North America after New York City. In addition to its beautiful location on Lake Ontario, it is also home to one of the largest and most beautiful airports in the Toronto Pearson Airport YYZ.

Booming Economy

Toronto’s central location, along with a host of political policies favouring international trade, places this city with the greatest economic ties to, and influence from, the United States. Since the second half of the 20th century the city has grown phenomenally, from a rather sedate provincial town-“Toronto the Good”-to a lively, thriving, cosmopolitan metropolitan area. With the surrounding communities, Toronto makes up the Golden Horseshoe, the largest metropolitan area in Canada, with 8 million inhabitants. Moreover, the city is positioned on the edge of some of the best farmland in Canada, with a climate favorable to growing a wide range of crops, thereby making Toronto a transportation, distribution, and manufacturing center, as demonstrated by the fact that it is home to the TSX (Toronto Stock Exchange). Toronto’s population growth has increased by 1.2%, from 0.5% to 1,7%, between 2013 and 2020.

• Size: 632 square km
• Metropolitan area 5,905 km2
• Population: 2,73 mio. (2016)

Investing in Torontonian Property

Over 50% of Canada’s GDP growth were a result of real estate. Toronto makes up a significant proportion of this growth. The good location on the northwest shore of Lake Ontario has led to continuous population growth in recent decades. Compared to the typical temperatures in Canada, the climate in Toronto is still considered moderate, which is due to its southern location on the outer edge of the country. With a GDP of 276.313 mio. Dollars, Toronto is the forty-first economically strongest city in the world. In Canada, along with Montreal and Vancouver, it is the hottest real estate market. The median house price in Toronto is CAD686.000.

• GDP of $276.313 Mio.
• One of Canada’s hottest real estate markets
• Median house price CAD686.000.

Map: Lake Metropolis

Drone: Flying through Toronto

Toronto’s unforgettable skyline is beautiful from almost everywhere, but rarely seen from up above.

Districts: Markets and Drake Hotel

Toronto is home to many growing, diverse cultures. From all around the world, all walks of life, and all aspirations. There is youthful atmosphere, cozy streets and big city flair.

Leslieville: Rising Residential

Leslieville in East Toronto is one of the neighborhoods where a lot has already happened and is constantly changing. The many small cafés and restaurants in the neighborhood are always full of people of all ages. Many creative people and young families move into the new apartments that are being built everywhere or are being built in old factory buildings. The older ones have been living for years mainly in the side streets of Queen Street East, where there are whole rows of pretty brick houses from times gone by. And they have a garden in the middle of the city.

Queen West: Second Coolest in the World

In Queen West you can find practically everything that is cool. Super shopping, numerous art and design studios and a variety of music events and good restaurants – and all this against the backdrop of historic buildings. Walking through the streets you’ll find hidden galeries, and boutique hotels like ‘The Drake. No wonder Vogue has called West Queen West the second coolest neighborhood in the world!

Kensington Market: Downtown Bohemia

Kensington Market is like a small Toronto in the middle of Toronto. This quarter is between Spadina Avenue and Dundas, Bathurst and College Street, which is characterized by many small, colorfully painted houses. In Kensington everything is very workmanlike. Few big department stores, and no white tablecloths in the restaurants. There is also much cultural diversity. You meet pensioners as well as their grandchildren. Over the years, immigrants from the Caribbean, Latin America, Europe and Vietnam have made their home here and left their own mark on the neighborhood.

Liberty Village: Industrial Chic

Liberty Village is located on the west side of the city just behind the tracks of the stadium. The young creative and often career oriented people, live here in high-rise housing estates, most of which are surrounded by large green spaces. Former factories in old buildings have been transformed into apartments, cafes and restaurants. The industrial soul lives on through the new residents: start-ups, digital agencies and advertising agencies. Liberty Village looks completely different.

A look at the high rises around the Bay Street area.

Toronto: Uniquely Situated

Toronto is not just another North American metropolis. It is uniquely situated in its surround nature, with the legendary Canadian Shield, and extremely fertile farmland. This surely fed its rapid economic rise, but nowadays it is home to startups, tech-companies, as well as established big names such as Bell Canada and the Alderwoods Group.

Unique Geography

The melting of ice from the last Ice Age shaped the landscape of the Toronto region. About 11,000 years ago, in place of today’s Lake Ontario, there was the Lake Iroquois, much larger and deeper. The shores of which are still found about 12 kilometers inland from the shores of Lake Ontario. With the opening of the St. Lawrence River, the water of the lake receded. Over time, the water levels rose to their present level, leaving a marshy shoreline but a beautiful natural harbor. Another physical feature is Toronto’s location at the mouth of the Humber River. Apart from this, the city’s terrain is almost uniformly flat, formerly being the lake floor. The resources of the surrounding land have also been important to Toronto’s development. The rich sedimentary soils of southern Ontario offered excellent farmland, and the ancient rocks of the Canadian Shield in the north were not only a source of valuable mineral resources, but also covered with spruce and pine forests.

Economic Juggernaut

Toronto is the headquarters of the five largest banks in Canada, including the Toronto-Dominion Bank and the Royal Bank of Canada. The Royal Bank of Canada is the largest bank in the country with over 60,000 employees. The leading Canadian financial institution has the largest branch network in Canada with around 1,300 branches. Since 1997, only electronic PC trading via the Computer Assisted Trading System (CATS) have been available at the TSX.The financial metropolis Toronto has the oldest bank in Canada, the Bank of Montreal, which was founded in 1817. Since the mid-1990s, Toronto has had a higher unemployment rate than the average in Ontario. The average household in the metropolis generates around 80,000 Canadian dollars a year. The economy of the Canadian metropolis in eastern Canada is now very broadly based with numerous corporations.

Global Culture

Toronto is also the ideal place to practice globalization. With five and a half million inhabitants, the Greater Toronto Area is one of the largest North American megacities. But it is much safer, and the social differences are less pronounced. The region (and perhaps all of Canada) has found a way to offer people a new home without taking away their old one. The immigrants are young, come from all over the world and shape the entire city life.

Toronto Short Trip

The most important infos for a short trip to Toronto.

Flight: Toronto Pearson is one of the biggest airports in the world. It is located in the suburb of Mississauga and is well connected to the city by train, bus, cab and via ferry. It takes 17 minutes from the airport to the Union Station in downtown by Car, or 25 minutes by bus. But there’s another airport in town. For North American jetsetters, the Billy Bishop Airport is optimal. Renowned for its beautiful location and the view of the city and lake Ontario when arriving, it has destinations such as Boston, Montreal, Chicago, or New York.

Accommodation: There are hotels of all kinds in the city. Many accommodations are located in the skyscrapers in downtown Toronto. There are also established luxury hotels such as the Ritz-Carlton and the legendary Drake Hotel. Additionally, in some districts there are chic, small boutique hotels.

Toronto Stock Exchange: Canada’s Money Headquarters

Bay Street is the hub for all financial exchanges and the hub for the Toronto Stock Exchange.

One Year

The one year graph of the Toronto Stock Exchange.

Three Years

The three year graph of the Toronto Stock Exchange.

Selling Property in New Development Areas

Extremely relevant factors for the sale of apartments in new construction are the equipment of the apartment itself, but also the equipment and technology in the communal areas and in the house itself. The market value assessment of apartments is generally more complex than for owner-occupied homes, which is why you should definitely aim for a professional value assessment for planned sales in new construction.

Influence of Location and Structure

In many cities, new development areas are emerging in the form of fully developed neighborhoods on the outskirts and in up-and-coming neighborhoods. For potential buyers, the location is as relevant as the structure of the area in which the apartment is offered. You have just planned a new development area and are looking for owners who are interested in your project as investors or want to buy the newly built apartment for their own use? It is common practice for developers to offer apartments in new development areas not only after completion. Since the equipment and all environmental factors of the new development areas are already determined in the planning phase, you can already at this point in time hire an experienced real estate agent who is familiar with new development areas and have the offer presented.

Real Estate as Capital Investment: Special

• Part 1: Classical or exotic investment – Which real estate is suitable as capital investment?
• Part 2: Real estate as capital investment – What do I have to pay attention to?

In practice, it has been shown that new development areas designed with green spaces and a good infrastructure are highly attractive and ensure that all apartments are sold quickly. The offer price is determined on the basis of your construction and planning costs, the data relevant to the property and the comparison prices of similarly located and designed new development areas. Would you like to sell your apartment in a new development area and avoid losses when selling it? If so, you should opt for a professional sale and hire real estate agents who are well versed in new construction and who offer you comprehensive service in all phases of the sale.

Apartments or Houses for Capital Investors

With apartments in new buildings you address two different target groups. On the one hand, a newly built apartment is a good and high-yield capital investment and on the other hand, more and more families are looking for an apartment for sale in a newly developed residential area. In addition to condominiums, new construction areas with owner-occupied homes or terraced and semi-detached houses are also interesting and popular. If you would like to offer a property or an apartment in a newly developed area, you should definitely hire an estate agent and in this way ensure the greatest interest in your offer. The exposé for investors requires a different structure and density of information than the presentation of the apartment to be sold to owner-occupiers. You want to achieve the best price and gain the certainty that your offer will sell immediately in the new development area.

With Lukinski, you decide, in addition to professional brokerage, for a full service support, which includes the examination of the solvency of buyers and prevents unrealizable sales contracts. The completeness of all documents and an exposé geared to the target group are sales-promoting. Especially if you want to address professional buyers in the form of capital investors, your sales appearance should be characterized by professionalism and expertise.

New not More Expensive than Old: The Facts

Many prospective buyers assume that the costs of apartments and houses in new construction areas are much higher than in old buildings. Certainly, the asking price is usually higher than the amount you have to pay for an existing property or a condominium in a second occupation. But the purchase price is only one cost factor and therefore not the only factor when it comes to deciding between an old building and a new building.

In the new building area you acquire a modern apartment in which no costs are incurred for renovation. Newly built areas are state-of-the-art and offer a high quality of living. For you as a potential owner, this means that with the purchase you acquire an apartment ready for occupancy and therefore only invest the purchase price and the costs for interior design work. For existing properties and apartments in old buildings, extensive modernization measures may be necessary and increase your costs to the actual purchase price. It is therefore always worthwhile to weigh up concretely and calculate the purchase on the basis of the market value assessment and the necessary renovation measures. In the end, your decision to move to a new development area or an older property will of course also be based on your own preferences and the idea of your new home or a profitable capital investment.

Move to a New Development?

Tips for potential condominium buyers – Anyone who wants to buy an apartment or house and move in immediately, without renovation and modernization, will generally focus on a new development area. Are you looking for a new building and want to save yourself a lot of time with your own research? At Lukinski, we not only look after owners, but are also happy to support you in your search for a new apartment or house. Tell us your explicit wishes and have a look around our portfolio where we might already have an offer for you. If you decide to buy an apartment in a new development area that is only just being planned, you have a lot of leeway for organizing the financing.

We will be happy to advise you and help you find a favorable real estate loan for your apartment and complete the purchase without complications. Since we at Lukinski work for various owners and developers, we have some attractive new development areas in our portfolio. Furthermore, we already know before construction where new development areas will be built and which target group the apartments should reach.

Please note, this article is written with a focus toward the German market, but very similar rules apply everywhere.

Building Project: High Energy Prices Make Changeover Easy

With Lukinski at your side, it takes only a few steps to your own home. We support you in buying real estate or find suitable prospective buyers for your new building project. Would you like to get in during the construction phase or would you like to join us? Lukinski is your competent partner in all real estate questions. Throughout Hesse and Rhineland-Palatinate we are well informed about large and small new building projects. Should your future home be particularly child-friendly or have extremely convenient transport connections? Write to us so that we can present suitable projects to you.

With high additional costs, many tenants are considering a new building project. The new building projects are equipped with the most modern technical heating and water supply systems, which reduces the additional costs. Environmental protection and sustainability are also very important for many projects. In your new home you should feel comfortable and at the same time be able to show consideration for the environment.

Free standing or row housing?

All designs have their advantages. A row house convinces with a particularly favorable square meter price, the free-standing single or multi-family house with much garden and clearance for new ideas. If you are looking for a condominium, we have numerous very attractive new building projects on offer. Close to the city, downtown locations or in the bacon belt – we will find the right apartment for you.

Real estate as capital investment: special

• Part 1: Classical or exotic investment – Which real estate is suitable as capital investment?
• Part 2: Real estate as capital investment – What do I have to pay attention to?

Developer: Exclusive Network

Apartment building: Modernization

Prefabricated elements: Prefabricated house made of elements

New construction of apartment buildings and commercial units: Land development

Construction Financing: Comparison and Tips

An important and for many building owners tricky question is the construction financing. Almost everyone who wants to buy or build a property has to use borrowed funds. Thus the real estate financing stands in the room, with which we can advise you however comprehensively and seriously. In any case it is worthwhile to obtain offers from several banks. The calculation of the individual options is crucial, but the offers cannot always be compared at first glance. Our experts are also available to provide you with advice and support for long-term and successful real estate financing. Trust in Lukinski!

Once the right new construction project is considered, a suitable credit institution must ensure the long-term and sustainable financing. The be-all and end-all when buying real estate or building a house is the financing. The right construction financing is viable and can be operated in the long term. New construction projects are basically objects that credit institutions are happy to finance. The building fabric is good and the location is usually promising. New construction projects are usually also suitable as an investment or retirement provision. Often their price increases, as does the demand in the region. In addition, there are various state subsidies to make it easier for citizens to create property. These include the KFW loans from the Kreditanstalt für Wiederaufbau (Reconstruction Loan Corporation), but regional grants from municipalities and states are also possible. The focus of our expertise lies in the regions of Hesse and Rhineland-Palatinate. Therefore, we are also familiar with the regional differences and many of the funding opportunities in rural and urban areas.

Questions for the professionals – Building description and the house type

Make sure to have the building specifications of the new building project checked by an expert. It regulates which services the contractor has to provide. The specifications should neither be vaguely formulated nor should they be too expensive. Services that are not part of the building description can be associated with high additional costs as well as construction delays. It is advisable to have the building specifications checked by a third party. Please contact us if you need help with this. It is also worth taking a look at the building specifications for the construction method. Is it a solid construction, a wooden house or a prefabricated construction. Each type of house and building has its special characteristics, which must fit the buyer.

Also as capital investment the new building real estates become ever more popular. The high level of equipment and building substance, together with an excellent residential area promise a long-term increase in value. The tax burden is reduced for new building projects and in many cases there is also financial support from the state and local authorities. New building projects are designed with increased security aspects in mind, so that high returns can be achieved in the long term.

Urban Planning Creates Space for New Construction Projects

The increasing population growth is being absorbed by the conurbations with the corresponding urban planning. The target groups sought by the municipalities can differ significantly for each new construction project. Nursing home places will be created that fall into the category of social housing. The allocation is usually made by offices and authorities.

Ambitious new construction projects, on the other hand, pursue a social policy to enable fellow citizens with low incomes to live in a central location. In some cases, the city also provides favorable loans for such properties.

Upscale new construction projects are often located in selected residential areas of the city or directly in the city center. They may well be luxury housing estates, with spectacularly designed and high-priced fittings.

New Construction Projects in Outlying Districts

With the increasing transport connections and also with a view to the increased creation of home jobs, it is worthwhile looking for low-cost new building projects in rural areas or in the outskirts of the city. The purchase prices per square meter of living space are usually significantly lower than in the densely built-up and central districts of the city. However, it is precisely this advantageous offer that is hotly contested by buyers. Let us know your ideas so that we can present you with suitable new building projects.

In addition to the significantly lower land prices, the new construction projects on the outskirts of the city offer further advantages. With the distance to the conurbation, the unspoiled nature increases. Adjoining lakes and rivers can be paddled and swum through, and the range of leisure activities on offer is increasingly being expanded. The medical sector is also adapting to the increased demand from senior citizens. Delivery services and home support are well integrated in many rural areas.

Infrastructure was Yesterday

Although proximity to the city is still the preferred residential district, employers are creating new opportunities for housing through decentralization and the creation of home offices. At the same time, excellent public transport connections are being created, and existing routes are increasingly being expanded. The less frequently people have to travel to the city for work and shopping, the more attractive locations in the surrounding area become. Smaller cities often score well with a more affordable supply of living space, but even more so are the extensive leisure facilities, the surrounding nature and good schools that attract homeowners. Lukinski’s new building projects in the countryside are also interesting for senior citizens. They offer peace and quiet and the possibility for walks. Excellent local hospitals and medical support characterize many rural regions in Hesse and Rhineland-Palatinate. There are many good reasons for choosing peripheral locations – not only in old age. Allow yourself sufficient time when choosing your new building project. Check the offers of Lukinski – your house sale, so that you can discover the perfect home for yourself. We will gladly help you and make appropriate suggestions.

Exactly right: new building projects for your taste

Your new building projects are as diverse as the developers and investors. The conventional standards have long been abandoned, even architecturally prepared. Great importance is attached in many places to environmentally friendly and sustainable construction. Modern heating technology, electricity and water supply are much sought after by prospective buyers. The offer is available and can be integrated both in new building projects in country house style and in modern constructions with glass facades. Stone floors and bathrooms clad with natural stone are in trend. Buyers often prefer higher quality fittings to a location close to the city.

Architecture Planning

Practical work: Project development and property developer

With Lukinski to your new home

Have we aroused your interest? Then send us a short message so that we can discuss your new building project for the first time. We would be pleased to send you informative exposés on the available new building projects. In many residential projects, houses and apartments are built in a wide variety of sizes and with a variety of features. Contact Lukinski with confidence to discover the perfect form of living.

The layout of the rooms in the new building projects is also designed to suit every form of living – whether single or family, you will feel at home in the new building project. If you wish a balcony or a first floor apartment with terrace – our experts from Lukinski – Lukinski will be happy to send you a meaningful exposé. We are looking forward to your message!