The most expensive street in Germany: Hobokenweg & Co.

The small village of Kampen, with just 700 inhabitants, is located north of Westerland and is surrounded on both sides by the sea. The place has established itself especially in recent years as a celebrity hot spot and popular holiday resort of German tourists. Here you can find, especially in the high season, the elite and high-ranking society. At the exclusive parties the motto is: see and be seen. Besides the society, Kampen also offers a beautiful and picturesque nature with white sandy beaches and the legendary red cliff. If you are interested in real estate on the island and want to buy an apartment or a house, you have to dig deep into your pocket.

List: The most expensive places & streets

Before we take a closer look at the individual streets on Sylt, you will now get an overview of the most expensive streets on the island. The purchase price per square metre is between €28,000 and €35,000.

• Hoboken Way
• Heideweg / Heidewinkel
• Meadow Path
• Osterheideweg

Hobokenweg (Kampen)

Also called the ‘street of the super-rich’, Hobokenweg outshines all other streets in Germany in terms of square metre prices. Only those who can afford it live here: From wealthy heirs to successful corporate executives. Nowhere in the entire Federal Republic is it as expensive: property prices here are in fact around 35,000 euros per square metre.

The price per square meter here is 35.000€ /sqm

Maximum price up to 35.000€/ sqm

Map and location of the Hoboken Trail:

Heideweg/ Heidewinkel (Kampen)

Next to Hobokenweg, Heideweg or Heidewinkel is the top address on Sylt. Its central location in Kampen and the extensive plots of land drive up the prices per square metre. Anyone who wants to sell or rent out a property here will quickly find suitable buyers.

The price per square metre here is 28,000€ /sqm.

Maximum price up to 28.000€/ sqm

Map and location of the Heideweg/ Heidewinkel:

Meadow path (Kampen)

Like all of Sylt’s most expensive streets, Wiesenweg is located in the small town of Kampen on the northern tip of the island. Properties here trade at up to 28,000 euros per square metre. Generally speaking, the quiet location and proximity to the sea come at a price.

The price per square meter here is 28.000€ /sqm

Maximum price up to 28.000€/ sqm

Map and location of the meadow path:

Osterheideweg (Kampen)

The price per square meter here is 30.000€ /sqm

Maximum price up to 30.000€/ sqm

Map and location of the Osterheideweg:

Overview: Most expensive roads on Sylt

Here you see again the 3 most expensive streets on Sylt at a glance.

Sources: Image / Engel und Völkers / Lukinski

Most expensive streets in Germany: real estate, districts & prices per square metre

Berlin, Munich, Sylt & Co: Germany’s metropolises are home to some of the most luxurious properties. Inselstraße in Berlin, Königinstraße in Munich and Südliche Seestraße on Lake Starnberg – only those who can afford it live here! Would you like to buy a property here? Find out everything about Germany’s most exclusive streets, what makes them so special and above all: how much a square metre costs here.

• Most expensive streets in Germany: properties, districts and prices per square metre – List

Tips & Tricks Real Estate Sylt: To live or to buy

Finding a suitable property is not always easy. Especially if you are looking on the thriving and most popular real estate markets in Germany. Besides the right budget, there are other factors that need to be considered. On Sylt, for example, you will mainly find villas and large properties, while in the big cities of Germany the housing market is booming.

Buying a Villa: Exclusive property – house, investment, checklist, procedure

You will not find exposés of first-class properties on real estate portals. Villas are bought and sold discreetly. The purchase of real estate has a fixed procedure: Property search, viewing, negotiations, purchase contract, notary, taxes & Co. The purchase of villas is of course a bit more demanding. If only because you certainly don’t want to waste time on 8, 9 or even 10 viewings, like normal house buyers. Are you looking to buy your first villa? Here’s a little insight into the world of luxury real estate.

• Buying a Villa: Exclusive property – house, investment, checklist, procedure

Holiday home & holiday apartment: Buy instead of rent!

The dream of a holiday home exists for many city dwellers. Whether a house by the sea on Sylt or Norderney, in the warm south or simply a retreat in the country. However, there is a lot to consider when making such a big decision and you should plan well before you decide to take that big step. In this post, you’ll find out all about taxes, costs, second homes and property abroad. However, if you’re more interested in the pros and cons and features of such a property, feel free to check out our post on buying a holiday home.

• Holiday home & holiday apartment: Buy instead of rent! Financing, taxes and renting

Cryptocurrency explained: Blockchain, Investments & Co.

Cryptocurrency is nothing more than digital money. Here, all the important data around the holder and transaction is encrypted and stored. Instead of storing all this on just one server, the transactions are found in a decentralized network – also called: The Blockchain. This technology makes transactions faster, more secure, and less expensive than they would be otherwise. Sounds like the future? Read our analysis here: cryptocurrency development.

No investment advice or purchase recommendation!

All information provided here does not constitute investment advice or a recommendation to buy. All statements are my general published opinion. I have obtained the information from my experience as a private investor. This experience report cannot and is not intended to replace personal investment advice from professionals.

Owning and trading cryptocurrencies brings many advantages. Transactions take place directly between the buyer and seller. It is a decentralized network. So, unlike a bank transfer, exchange and bank fees are eliminated, as are transfer limits and unnecessary waiting times. Bitcoin trading is therefore not only uncomplicated, but also anonymous and secure. Instead of the own name, all crypto assets are managed with an identification code. The blockchain technology also ensures that transactions are constantly checked in advance, making any manipulation and forgery almost impossible. Learn more about the technology, course and trade explained here: BitCoin, cryptocurrency & blockchain.

Reading tip: Which app do I use to buy and sell shares, cryptocurrency & Co. Here is the answer! My recommendation: Trading App.

Trading has never been so easy! Buy from 1 euro with these apps:

Download (Android + iOS): eToro

And a little tip, Made in Germany:

Download (Android + iOS) Trade Republic

Trading with Bitcoin, Ethereum, Litecoin & Co.

The cryptocurrency Bitcoin is now a household name. It is the most popular, but by far not the only one. In the meantime, several new creations have emerged. Some of the others are Bitcoin enhancements. Thus, there are now over 4,500 cryptocurrencies. While that sounds like a large amount, only just under 100 of them achieve a daily trading turnover of $1,000 or more. Other popular cryptocurrencies are Ethereum, Ripple and Litecoin.

Cryptocurrencies – List

Here you can find a selection of interesting digital currencies:

Binance Coin (BNB)

• Binance Coin (BNB)

Bitcoin Cash (BCH)

• Bitcoin Cash (BCH)

Bitcoin (BTC)

• Bitcoin (BTC)

Cardano (ADA)

• Cardano (ADA)

Dash

• Dash

EOS

• EOS

Ethereum

• Ethereum

Ethereum Classic (ETC)

• Ethereum Classic (ETC)

IOTA (MIOTA)

• IOTA (MIOTA)

Litecoin (LTC)

• Litecoin (LTC)

NEO

• NEO

Ripple (XRP)

• Ripple (XRP)

Stellar (XLM)

• Stellar (XLM)

Tezos (XTZ)

• Tezos (XTZ)

TRON (TRX)

• TRON (TRX)

ZCASH (ZEC)

• ZCASH (ZEC)

Questions and answers: cryptocurrency

So now you know what the blockchain technology is, what cryptocurrencies there are and what advantages trading Bitcoin and Co. brings with it. Finally, you will get all the important questions about trading with cryptocurrencies answered:

Which is the best cryptocurrency?

The best cryptocurrencies include the classic Bitcoin, as well as IOTA, Ripple, EOS, Litecoin, Binance Coin and Tether.

Which cryptocurrency has a future?

According to forecasts, Bitcoin, Ethereum, Ripple and NEO have the most potential to increase in value in the future.

Are gains from cryptocurrencies tax-free?

The speculation period for cryptocurrencies is one year. If a profit of 600 euros or more is made during this period, the total profit must be taxed. So if the coins are left in the wallet for at least 12 months and only paid out after the speculation period, no taxes are due.

Should you invest in cryptocurrency?

Only invest in cryptocurrency if you are familiar with blockchain technology, different currencies and wallets. After all, this is a decentralized network based solely on demand. So always be aware of the risks and only invest if you are really sure and familiar with cryptocurrency trading.

Cryptocurrency: reading tips

1. Trading App: Recommendation
2. Trading strategies

Trading App: Recommendation

eToro App – Trade stocks, ETF, cryptocurrency, in my blog you have already learned a lot about trading. Lots of questions of course: which app do you trade with, what do I recommend? So today I want to share with you my favorite trading app, eToro. 29.88% asset growth in 12 months, with low risk through “Copy People” and “Copy Portfolios” or up to 127.35% through active trading and trading strategies. Learn about the app, fees and more here step by step.

• Trading App

Trading strategies

Whether it’s crytocurrency, currency trading, stocks, commodities or precious metals, these 3 strategies will help you understand the basic stock market game. I developed these 3 strategies to help beginners and novices understand the mechanics in a nutshell. Since I grew up with Bitcoin rather than stocks, here in particular a strong reference to digital currencies. But the mechanisms or strategies are the same for these 5 investment types: crytocurrency, currency trading, stocks, commodities or precious metals. I would exclude ETFs and index funds, as the risks and price fluctuations are significantly lower here.

• Trading strategies

Did you already know? Open transactions in the blockchain

Cryptocurrency itself is, simply put, a coded chain of data. The so-called blockchain.

How does cryptocurrency work?

Everything is set up as a P2P network (peer-to-peer). Data is therefore stored in a decentralized manner. All data blocks are linked to that of the predecessor. Within this distributed database, all transactions are actually known!

The whole thing is therefore a network in which cryptographically signed messages are published – technical term: blockchain. You want to have a look at these transactions? Here you can see live how individual trades sometimes sell up to 100 Bitcoins and how sums in the millions go over the table:

• Bitcoin transactions – live on blockchain.com
• Ethereum transactions – live on blockchain.com

What matters when looking for a tenant

In addition to the creation of the exposé, the publication of your advertisement and the attractive presentation through pictures, you spend a large part of your time in the response to applicant inquiries and in the agreement, as well as the execution of viewings. In addition, you still have to check the creditworthiness of the applicants, collect certificates of income and find out in a personal interview who suits your property and your rental conditions.

Save time with real estate agent

Unless you are a full-time landlord, finding a tenant can become highly challenging and take away from your time to take care of your daily responsibilities and your family. By hiring a real estate agent, you invest in your financial security and have the advantage of only having to choose between recommended prospects and have the contract drawn up. You save time, avoid mistakes and benefit from a comprehensive service that means you don’t have to worry about anything yourself and that lets you rent much more quickly and advantageously.

Tasks before renting: Check creditworthiness

One of the most important tasks before every letting is to check the creditworthiness of the applicants. As an owner, you naturally want to be sure that there will be no rental defaults in the future and, as a result, no losses for you. If you hire a real estate agent, for example experts, you can rely on a professional check of the creditworthiness and a correct evaluation of the Schufa score of your applicants. Experts check the solvency of prospective tenants and make recommendations that are unobjectionable and the first choice for your rental due to their creditworthiness. Learn more about Check creditworthiness.

Letting mistakes: audit, risk, facts

You want to find a new tenant promptly and keep the costs of your search as low as possible. Since the buyer principle has been introduced, some owners have decided not to use an estate agent. Tips: property buying. This doesn’t have to be a problem, but it can prove to be a high risk if you don’t have enough experience in letting. Before you rent out your apartment or a house, you should find out all the important facts about the applicant, his financial situation and his credit rating. Also, the first impression is a crucial indication that decides whether you will rent with advantage or pre-programmed trouble in the apartment building. All about the mistakes when renting.

Tips for renting

Since the buyer principle has been in place for residential rentals, some owners are refraining from hiring an agent. However, even if you are paying for the service, you should consider the benefits and find out why an estate agent is the best solution. Find more tips on renting here.

Draft a contract

You have decided on an applicant and are sure that you want to rent the apartment or house to the person you favour? Then you are faced with the challenge of drawing up a legally valid and error-free tenancy agreement. Even though the severability clause has long been part of every rental agreement, you should also avoid mistakes in the other points of the contract and make a legal challenge impossible. Learn more about the topic contract.