Determining the market value – The determination of the market value of a property is regulated by law in the Real Estate Valuation Ordinance(ImmoWertV). In addition to the type of use, the size and condition of the property, the energy efficiency of the property is also an important factor in determining the market value. The […]
Submarket – In real estate, the market is divided into several submarkets. These submarkets include residential, commercial, industrial, and specialty real estate. Each of these submarkets can be further subdivided. For example, the residential market can be divided into houses and apartments, which can then be further subdivided. It is not uncommon for submarkets to […]
Standard land value (Berlin) – The standard land value refers to the land and the undeveloped property. This is the average site value in euros per square metre for the land in an area, taking into account the different development status. In Berlin, the standard land values from 1964 until today can be queried online […]
