Price comparison! Apartment building in Berlin, Wuppertal or in the countryside?

Location is known to be a decisive factor in property valuation. Here, both the macro location (regional and city-wide factors such as economic situation, infrastructure and development prospects) as well as the micro location (direct surroundings of the property, neighborhood, connection to public transport) are considered.

Here’s a quick offer check on ImmoScout24:

• Rudow, Berlin – 1,149,000 € / for 355 m² living space – A-location
• Oberbarmen, Wuppertal – 629,000 € / for 456 m² living space – B-Lage
• Wusterhausen/Dosse (Brandenburg) – 128,000 € for 305 m² living space – C-Lage

The result:

Berlin and Wusterhausen are about 100 km apart, yet the purchase price differs by a factor of ~10. These drastic price differences highlight the enormous impact that location has on property value.

Let’s take a closer look at the cities:

Apartment building in Berlin: 1.15 million €

Berlin, as the capital and economic center, offers a vibrant cultural scene, high demand for housing, and a strong economy. These factors make real estate in Berlin very attractive for investors, which is reflected in the higher prices. How much does a rental house in Berlin cost – the small version.

Apartment building in Wuppertal: 629,000 €

Wuppertal, a city in the Ruhr area, is characterized by solid infrastructure and comparatively lower living costs. Although Wuppertal does not have the same economic weight as Berlin, it still offers attractive real estate opportunities at more affordable prices.

Apartment building in Wusterhausen: 128,000 €

Wusterhausen/Dosse, on the other hand, is an example of a more rural area. Here, living costs are lower and real estate prices are correspondingly more affordable. However, one has to make compromises in terms of infrastructure and job opportunities here.

Effect of real estate location

It becomes clear that the location of a property is not only decided by the price, but also by its potential for value appreciation. A careful analysis of the location is therefore essential, whether it’s about buying, selling, or investing in multi-family homes.

Buying a rental apartment in Berlin

Are you looking to invest and buy a rental apartment in Berlin? Here you will find all the steps in a guide, especially valuable knowledge for first-time buyers:

• Buying a rental apartment: Steps

Have you already heard of my Off Market Portfolio in Berlin? You can see one of them here in the image.

• Buying a rental apartment in Berlin

Why the experiences of other sellers are so valuable

Over 80 percent of private individuals sell only one property in their lifetime. There’s no second chance to build up routine. That’s exactly where case studies come in: they don’t replace professional guidance, but they make visible where the most common – and costly – mistakes lie.

Most people sell exactly one property in their lifetime. That’s why gaining experience is so valuable. Over 67 percent ultimately decide to use a real estate agent, and in big cities, even 80 percent hire an experienced real estate agent.

Overview of the 7 Experience Reports

“Avoiding the price trap” – Experience #1

Karin M., 32 years, Frechen (NRW)

The Situation

Karin estimated the value of her 4-bedroom apartment with park view based on listings of comparable apartments in the neighborhood. She listed it for 419,000 euros – oriented on the highest offer in the area – and expected quick inquiries.

The Mistake

In the first six weeks, only two viewing requests came in, both without serious purchase interest. What Karin didn’t know: Listing prices are not selling prices. In the same period, comparable properties in Frechen had actually been notarially sold for 360,000 to 380,000 euros.

The Solution

A professional real estate appraisal based on actual selling prices (expert committee data) provided a realistic market value of 372,000 euros. Adjusting the offer price to 379,000 euros led to six serious interested parties within ten days.

The Result

• Selling price final: 375,000 euros
• Marketing duration after price adjustment: 11 weeks
• Learning effect: Ad prices ≠ market prices

Key details of the apartment

• 72 m², 4 rooms
• Frechen in NRW, built in 1998
• Balcony with view of the park
• Modern kitchen, well-maintained condition
• Price per square meter achieved: 5,208 Euro

“Structured preparation beats hope selling” – Experience #2

Hans W.-M., 45 years old, Hamburg

The situation

The central 85 m² apartment had been occupied for twelve years. Scratches on the parquet, yellowed walls, a faulty socket, a chipped tile in the bathroom – each defect on its own small, but together very effective.

The mistake

Hans advertised without preparation. The first three offers were 25,000 to 35,000 Euro below his asking price. The reason: buyers always calculate renovation costs more generously than they actually occur.

The solution

Investment of 4,200 Euro in painting, minor repairs and professional final cleaning. In addition, a light home staging with rental furniture (980 Euro for six weeks).

The result

• Total investment: approx. 5,200 Euro
• Higher profit compared to initial offers: around 18,000 Euro
• Return on Renovation: over 240 percent

Key details of the apartment

• 85 m², 2 bedrooms
• Central location in Hamburg-Eimsbüttel
• Spacious living room, high ceilings
• High-quality furnishings after renovation
• Near shopping facilities and U-Bahn

“Photos and descriptions decide in 3 seconds” – Experience #3

Murat T., 28 years old, Cologne

The situation

First condominium, compact apartment in the inner city of Cologne. Murat advertised with twelve mobile phone photos and a two-sentence description text.

The mistake

In a study, buyers look at an online ad for an average of 8 seconds before scrolling further. Poor photos are clicked away within three seconds. Murat’s ad generated only seven inquiries in two weeks, none of which were serious.

The solution

Hiring a real estate photographer (520 Euro) and creating a structured listing with floor plan, location description, energy ratings, and a detailed text about the living environment.

The Result

• Requests per week: before 3.5 – after 19
• Selling price: 285,000 Euro (5,700 Euro/m²)
• Marketing duration: 4 weeks

Key details of the apartment

• 50 m² apartment, 1 bedroom
• Inner city location in Cologne-Neustadt
• Year of construction 2008, very energy efficient
• Underground garage parking space included

“Forgotten documents – almost lost the buyer” – Experience #4

Aurora G., 50 years old, Stuttgart

The situation

Maisonette on the outskirts of Stuttgart, inherited from the mother. Aurora wanted to sell quickly and underestimated the bureaucratic effort.

The mistake

The first serious buyer was missing practically all relevant documents: current land register extract, division declaration, valid energy certificate, housing benefit statements from the last three years, minutes of the homeowners’ meetings. The buyer set a deadline of 14 days – Aurora lost two weeks with hectic calls to the management and land registry office.

The Solution

Creation of a complete sales folder according to a checklist:

• Land register extract (not older than 3 months)
• Division declaration with division plan
• Energy certificate (demand or consumption certificate)
• Rental allowance statements for 3 years retroactively
• Minutes of the last three homeowners’ meetings
• Wirtschaftsplan des laufenden Jahres
• Proof of maintenance reserve
• Floor plans and living area calculation
• Possibly rental agreement and rental receipts

The result

• Buyer remained – narrowly saved
• Verkaufspreis: 489.000 Euro
• Learning effect: Obtain documents BEFORE the ad placement

Key details of the apartment

• 110 m² maisonette, 3 bedrooms
• Suburban area of Stuttgart
• Large balcony with view
• Needs renovation (bathrooms, heating)
• Year of construction 1976, ETW since 1992

“Negotiating needs to be learned” – Experience #5

Julia R. B., 37 years old, Berlin

The situation

Loft apartment in Berlin-Kreuzberg, high ceilings, industrial style. Ad listed at 545,000 Euro, quick buyer interest.

The mistake

During the first negotiation meeting, Julia was convinced to agree on a price of 498,000 Euro – almost 9 percent below her expectations. Classic pressure tactics from the buyer (“I have two other properties”, “Financing only until the end of the month”) had an effect.

The solution

Withdrawal from the conversation, commissioning a negotiation coaching session through a real estate agent. With the next buyer: credit check BEFORE the negotiation, defined price floor (520,000 Euro), written offer submission.

The result

• Final selling price: 532,000 Euro
• Difference to the first “emergency sale”: 34,000 Euro
• Learning effect: Negotiations are preparation – not talent

Key details of the apartment

• 65 m², open space concept
• Industrial style in Berlin Kreuzberg
• High ceilings, large windows
• Creative workspace
• Near galleries and cafes

“When friends draft the purchase contract” – Experience #6

Thomas F., 60 years old, Munich

The situation

Thomas wanted to save costs and had a friend who is a tax advisor (not a notary, not a lawyer) prepare the draft purchase contract.

The mistake

In Germany, EVERY real estate purchase contract MUST be notarized (§ 311b BGB). Privately drafted contracts are invalid. In addition, there were unclear regulations regarding encumbrances in the land register, missing clauses regarding preliminary registration of the transfer of ownership, and no regulations regarding movable items (built-in kitchen).

The solution

Engagement of a qualified notary (costs approx. 1.5 % of the purchase price, usually borne by the buyer) and simultaneously a real estate lawyer to review the notarial draft (fee approx. 800 Euro).

The Result

• Legally secure sale at 612,000 Euro
• Clearly regulated handover and rights to claim defects
• Lesson learned: NEVER save on the purchase contract

Key details of the apartment

• 78 m², 3 rooms
• Munich-Sendling, old building built in 1932
• Renovated bathrooms, protected facade
• Underground garage parking space
• Price per square meter achieved: 7,846 Euro

“Season and timing decide” – Experience #7

Samuel C., 29 years old, Düsseldorf

The situation

Samuel inherited a penthouse with a rooftop terrace and wanted to sell it quickly. Advertised in November.

The mistake

November and December are statistically the weakest sales months for premium apartments. Buyers think tax-related (end of the year, bonus only in the following year) and terraced apartments are clearly less appreciated during the rainy weather period. Result: three inquiries in six weeks.

The Solution

Shifting the marketing to February/March. Using the waiting period for: professional drone shots of the rooftop terrace on sunny days, renovation of the bathroom, procurement of all documents.

The Result

• Sales price November estimate: 685,000 Euro
]]> https://lukinski.com/living-in-altstadt-duesseldorf-exclusive-properties-in-the-centre-prices-per-square-metre-for-villa-apartment-apartment-building/ Mon, 21 Jun 2021 13:54:41 +0000 https://lukinski.de/living-in-altstadt-duesseldorf-exclusive-properties-in-the-centre-prices-per-square-metre-for-villa-apartment-apartment-building/ Living in Düsseldorf’s old town – residential areas close to the city centre are traditionally the most popular. Düsseldorf is no exception. The streets of the Altstadt are characterised by art nouveau buildings, shop spaces and gastronomic options to suit everyone’s taste. If you are looking for a central residential option that definitely demands a larger wallet, you will find it here. Real estate is always ideal as an investment and if you are currently looking to buy an apartment, elegant villa or apartment building, you should definitely take a closer look at the beauty of Düsseldorf’s Old Town. This is in no way inferior to the popular residential areas of Oberkassel and Golzheim! Find out everything you need to know about property prices, the most famous sights and the most sought-after types of houses and apartments – welcome to the Altstadt! Back to: Living in Düsseldorf.

Living in Düsseldorf’s old town

Düsseldorf Altstadt is ideally located in Düsseldorf, directly on the Rhine and close to the city centre. In addition to numerous historic buildings and sights, the popular district also has a diverse range of restaurants, cafés and shopping opportunities to offer, so everything is combined for the perfect property location.

Welcome to Düsseldorf: Metropolis in NRW

The capital of NRW is located in the heart of NRW between the Ruhr area and the city of Cologne. The Rhine flows through the middle of the city.

Old Town: Map & Location

The lively district not only boasts excellent transport links, but is also home to Düsseldorf attractions such as the Schlossturm and the K20, the largest art collection in North Rhine-Westphalia. The city’s penchant for the visual arts is further evidenced by the Kunstakademie, which is located in the city center. Also in the old town is the famous Königsallee – one of the most famous shopping streets in Europe and one of the most attractive and expensive streets in Düsseldorf.

Sights, Monuments & Co.

Düsseldorf’s old town has a lot to offer in terms of leisure activities and sights. Here you can keep yourself busy every day and admire the numerous buildings and monuments of Düsseldorf’s old town. In addition to many restaurants, cafés and boutiques directly on the Rhine, you will also find the City Hall, the Schlossturm, the Kunsthalle Düsseldorf and the Old Port. The architecture of Düsseldorf is also breathtaking and inspires not only tourists, but also the Düsseldorfers themselves.

• City Hall
• Old port
• Düsseldorf Art Gallery
• Castle Tower
• K20, Art Collection North Rhine-Westphalia
• Castle Square

Sightseeing: A tour of the old town

The historic residential buildings enchant tourists, newcomers and long-established residents again and again. During the day, Düsseldorf convinces with its diverse shopping opportunities. It is particularly luxurious on the famous Königsallee. There you will find all the luxury labels you could wish for, perfumeries with high-quality care products, as well as exclusive cafés and restaurants. As soon as evening falls, the city centre transforms into a noble nightlife district, where you will find bars and clubs to satisfy your need for a good cocktail and a successful evening with friends.

Take a look around the bright streets here:

Old harbour in the old town of Düsseldorf

Königsallee: boutiques, cafés and more

Old building apartments, lofts and co. in ideal locations

Real estate & prices per square metre in the old town

Renovated old building apartment, spacious penthouse or exclusive loft – everyone feels at home here! And this is also reflected in the real estate prices in Düsseldorf. Even if you don’t plan to go shopping, this part of Düsseldorf is just right for a relaxed shopping day. The very good location and proximity to cafés, restaurants, boutiques & Co. is also reflected in the prices per square metre. Due to the perfect location in the city centre and on the Rhine, you should expect these prices:

• Buy apartment (existing): 9.080€/ sqm
• Buy an apartment (new building): 10.919€/ sqm
• Buy a house (existing): 3.448€/ sqm
• Buy a house (new construction): 4.100€/ sqm

Conclusion: Living in the Old Town

Living in Düsseldorf – shopping, going out, sightseeing: all this is on offer in Düsseldorf’s old town. The city centre allows central living paired with quiet corners and one of the liveliest residential environments in Düsseldorf. You would like to buy a property here and invest in a real estate as a capital investment? Singles and couples in particular feel at home here. The proximity to the Rhine and the numerous green spaces also only make this area more attractive and promise a relaxed place in the middle of Düsseldorf’s city centre.

Düsseldorf: Real estate in the metropolis on the Rhine

Düsseldorf has a fascinating attraction. Although the Rhine metropolis Cologne is only a few minutes away, you can find the big luxury boutiques, international companies, advertising agencies and many other interesting industries here. The fashion industry in particular has made Düsseldorf a very international, stylish location. If you are looking for beautiful real estate here, maybe even luxury real estate, you will find it.

Real estate in 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. The Düsseldorf real estate market is therefore highly sought after. The city is located in the heart of the state of North Rhine-Westphalia. The state capital is divided into several districts and is very popular with property buyers due to its charming location on the Rhine.

• Real estate Düsseldorf



Living in Düsseldorf: Popular districts & residential areas

With just under 640,000, Düsseldorf is one of the largest cities in the Rhineland and home to Germany’s third largest airport, after Munich and Frankfurt. With its authentic charm, the city attracts businesses from all over the world. This international audience not only demands places to go out and work, but is also always on the lookout for the right apartments. Whether it’s the Old Town, Oberkassel or Golzheim – everything about the city’s most popular residential areas and the most expensive streets in Düsseldorf, including tips on location, property prices in Düsseldorf & Co. To the overview: Living in Düsseldorf.

• Old Town
• Oberkassel
• Golzheim



House, apartment and land for sale in Düsseldorf

A wide range of shopping facilities, a large selection of restaurants and the modern infrastructure make Düsseldorf a sought-after city for property buyers in the long term. Would you like to sell your apartment, your property or your apartment building here? Whether historic Old Town, luxurious Pempelfort, exclusive Carlstadt, magnificent Oberkassel or sought-after Golzheim – with our guides to the sales process, property valuation and the most important documents, you are very well prepared for your property sale. To the overview: Selling real estate in Düsseldorf.

• Carlstadt
• Golzheim
• Pempelfort
• Oberkassel



]]> https://lukinski.com/duesseldorf-most-expensive-street-apartments-houses-old-town-rhine/ Wed, 02 Jun 2021 09:13:10 +0000 https://lukinski.de/duesseldorf-the-most-expensive-streets-apartments-houses-in-the-old-town-on-the-rhine/ Düsseldorf’s most expensive residential areas are located in Oberkassel, the old town, and Carlstadt. Condominiums in prime locations cost between 7,000 and 12,000 euros per square meter, while villas along the Cecilienallee or in Golzheim range from 3 to 10 million euros. As North Rhine-Westphalia’s state capital with its fairgrounds, fashion scene, and international flair, Düsseldorf remains among Germany’s top five real estate markets.

Most expensive streets in Düsseldorf – Düsseldorf has a fascinating appeal. Although the Rhine metropolis Cologne is only a few minutes away, you will find here the big luxury boutiques, international companies, advertising agencies and many other interesting economic sectors. In particular, the fashion industry has made Düsseldorf a very international location. Anyone looking for beautiful real estate here, whether it’s a loft, studio apartment, apartment or something with more space like a row house or single-family house, will find it here. Like many other big cities, Düsseldorf also has a lot to offer in terms of real estate diversity. Particularly sought after are houses in good locations and apartments located in central locations. However, the most expensive streets are the Old Town in the Old Town and the Kaiser-Wilhelm-Ring in Oberkassel. Especially for investors who want to buy real estate or sell real estate, the capital is an exciting place. More about this in our comprehensive guide: Sell a house or apartment – explained step by step. Back to the list: Most expensive streets in Germany.

Old Town & Oberkassel: Luxury Apartments

The capital of North Rhine-Westphalia enchants with its luxurious neighborhoods, exclusive villa districts, and breathtaking skyline. The city’s comprehensive infrastructure, diverse shopping opportunities, and internationally oriented local economy also make Düsseldorf a city of superlatives. The attractiveness of Düsseldorf is also reflected in the local real estate market: especially the streets in the Old Town and Oberkassel belong to the most exclusive residential areas. This also drives up real estate prices in Düsseldorf. Anyone looking to acquire an exclusive property here – whether privately sold, Off Market & Co. – should turn to one of the luxury real estate agents in Düsseldorf.

List: The most expensive places & streets

Before we take a closer look at the individual streets in Düsseldorf, you’ll now get an overview of the most expensive streets in the North Rhine-Westphalia metropolis. Here, the purchase price per square meter ranges between 10,000€ and 14,000€.

• Altestadt (Old Town)
• Kaiser-Wilhelm-Ring, Kaiser-Friedrich-Ring (Oberkassel)

Altestadt (Old Town)

The Old Town in Düsseldorf is not only the most expensive street in the entire city, but also the most beautiful, where you can find many villas in the Jugendstil style or also historic apartments, which still exude historical charm even as top floor apartments. The riverbank of the Rhine is reachable on foot, the historic Burgplatz is only a few minutes by car away, and also the Düsseldorf City Hall is located here. Likewise, one of Europe’s most famous shopping streets is nearby: The Königsallee. Property prices here are at 13,500 euros per square meter.

The price per square meter here is 13,500€ /qm

Maximum price up to 13,500€/qm

Here you will find top addresses such as:

• City Hall Düsseldorf
• Königsallee (Nearby)

Map and location of the Old Town:



Get a first impression and explore the Old Town in a virtual way.

Streetview Old Town:



Kaiser-Wilhelm-Ring, Kaiser-Friedrich-Ring (Oberkassel)

The Kaiser-Wilhelm-Ring or Kaiser-Friedrich-Ring are located in the popular district of Oberkassel in Düsseldorf. Anyone who owns property here can consider themselves very lucky. Because the apartments and houses are characterized by their quiet but central location directly on the Rhine.

The price per square meter here is 10,000€ /qm

Maximum price up to 10,000€/qm

Map and location of the Kaiser-Wilhelm-Ring, Kaiser-Friedrich-Ring:



Make your own impression and explore the Kaiser-Wilhelm-Ring, Kaiser-Friedrich-Ring in a virtual way.

Streetview Kaiser-Wilhelm-Ring, Kaiser-Friedrich-Ring:



Tips & Tricks Real Estate Düsseldorf: Living or buying

Düsseldorf stands for luxury, shopping, and an internationally oriented local economy. High-fashion companies are based here, as well as the state government of North Rhine-Westphalia. Therefore, the real estate market in Düsseldorf is highly sought after. The city is located in the heart of the federal state of North Rhine-Westphalia. The state capital is divided into several districts and is very popular among real estate buyers due to its attractive location on the Rhine.

• Real Estate Düsseldorf

Living in Düsseldorf

With nearly 640,000 inhabitants, Düsseldorf is one of the largest cities in the Rhineland and home to Germany’s third-largest airport, after Munich and Frankfurt. With its authentic charm, the city attracts companies from all over the world. This international audience not only demands entertainment options and job opportunities, but is also constantly looking for the right apartments.

Düsseldorf in North Rhine-Westphalia is the city of art and has a lot to offer. From luxury shopping to cultural offerings, there are many options for entertainment in the city on the Rhine. The job market is also diverse and appealing. Dusseldorfers are courteous and well-educated, which is why many come here for professional reasons. Others come to Düsseldorf because they are attracted to the historical charm of the city. Whatever your reasons may be, we will tell you where you can find the best real estate for living or as investment.

• Living in Düsseldorf

Living on the Königsallee: An Attractive Place to Live in Düsseldorf

Luxury boutiques, well-kept parks, diverse gastronomy and first-class cafés – this is what one of Germany’s most exclusive luxury streets is known for. Berlin has the Kurfürstendamm, Düsseldorf has the Königsallee. Located locally in the heart of the fashion and media metropolis, the Königsallee is distinguished by its high quality of life and safety. The renowned universities of Düsseldorf, the most famous hotspots and the city’s business centre are also not far away. Investors and entrepreneurs, as well as families and single individuals, appreciate this.

Would you like to invest in real estate as an Investment? Then you can buy a Plot or an Apartment building to rent it out profitably. Or do you prefer to live there as a tenant? Whether renting or buying – in the Kö there is a place for everyone! Currently, houses are being sold for an average of 4,350 euros per square meter. Depending on the type of apartment, you can expect to pay around 3,900 euros per square meter for a condominium here.

• Living on the Königsallee



Buy a property or rent in Düsseldorf

We show you the current offer prices for condominiums, as well as the price development of Dusseldorf real estate over the last 5 and 15 years. We have processed all new data and statistics for you. The Dusseldorf real estate market is very popular, as you will see later, Dusseldorf is currently the city with the greatest potential for investors, followed by Frankfurt and Cologne. Especially North Rhine-Westphalia is gaining in favor with buyers. The central, European location, fashion, culture and architecture. Our look at the Dusseldorf real estate market around plots of land, condominiums and single-family homes. Reading tip! Free guide and checklist on the topic of Sell a house and Sell an apartment.

• Düsseldorf Buy & Rent: House, Apartment, Plot



Sell Real Estate in Düsseldorf: Process & Prices

Düsseldorf is located in the heart of the federal state of North Rhine-Westphalia. The state capital is divided into several districts and is very popular among property buyers due to its attractive location on the Rhine. A wide range of shopping opportunities, a large selection of restaurants and modern infrastructure ensure that Düsseldorf remains a highly sought-after city for property buyers. Do you want to sell your apartment, your plot or your apartment building here? Whether it’s the historic old town, luxurious Pempelfort, exclusive Carlstadt, magnificent Oberkassel or sought-after Golzheim – with our guides on the sales process, property valuation and the most important documents, you are very well prepared for your property sale.

• Sell Real Estate in Düsseldorf



Häufig gestellte Fragen zu Düsseldorfs teuersten Vierteln

Which streets are the most expensive in Düsseldorf?

To Düsseldorf’s most exclusive addresses belong the Cecilienallee in Golzheim, the Kaiser-Friedrich-Ring in Oberkassel and the Quadrieviertel in the Carlstadt. At the Golzheimer Platz and along the Rhine, penthouse apartments for 3 to 6 million euros are not an exception.

How are real estate prices developing in Düsseldorf?

Düsseldorf has been less affected by the interest rate increase than Munich or Hamburg — the share of international buyers (Japan, Netherlands) stabilizes the market. In good locations, purchase prices have remained stable to slightly recovered since 2023. Net rental yields in Oberkassel range from 2.5 to 3.5 percent.

Is Düsseldorf a good investment?

Yes — especially Oberkassel and the old town show stable rental and purchase price demand. The internationality of the city (over 50 Japanese companies) ensures ongoing demand for high-quality rental apartments. As an investment, Düsseldorf offers access to a broad, international tenant pool.

]]> https://lukinski.com/corona-virus-is-the-real-estate-bubble-bursting-real-estate-market-price-development/ Thu, 16 Apr 2020 12:53:49 +0000 https://lukinski.de/corona-virus-is-the-real-estate-bubble-bursting-real-estate-market-price-development/ In times of the Corona virus, is the real estate bubble bursting now? Should you sell your house quickly now? “What real estate bubble”, ask again other real estate connoisseurs. Up-to-date anyhow the opinion spectrum is completely divided to the effects of the virus pandemic on the real estate market. As a regionally positioned real estate team working with absolute discretion, Lukinski provides you with up-to-date information on the different positions. Of course, as a true discreet broker, we will also tell you our own opinion on the subject of “selling a house in Corona times” and give you tips on how the wise house seller should behave at the moment.

Special: Real Estate & Corona – Updates

More articles and analysis on real estate in the Corona Crisis:

• Demand increases (Google Trends): Real estate sales
• Is the real estate bubble bursting? Price development
• Housing bubble, what does that mean?
• COVID-19: Coronavirus Meaning

Real estate market in Corona times

It is quite clear that the market for real estate is – from a business and economic perspective – a market like many others. It is driven by supply and demand and is also subject to numerous factors influencing the economy as a whole. It is therefore not surprising that the consequences of the Corona pandemic are being felt in the real estate market.

Short-time work, possible job loss, drop in oil prices, the uncertainties regarding the time after Corona: all these are factors where a majority thinks: “Buying or selling real estate is not the right time now”. Prices will fall, rental income will be lost for an indefinite period of time – no prospects for lucrative real estate deals. There are also very practical limitations. Due to the dramatically reduced contact possibilities, it is currently almost impossible to negotiate sales contracts and conclude them with a notary. Lucky who could make his sale before the crisis? From now on it’s all downhill? We at Lukinski have a differentiated opinion!

Corona Analysis 08/20 – now online

Now online – Real Estate Corona crisis: sale of house, apartment, apartment building, the demand is increasing, that show the trends. In these days many speak of the second wave, which comes now on Germany in addition, the whole world. Already at the beginning, at the beginning with the Corona Pandemie, in many economic in addition, financial messages before it warned that in the autumn a wave of the insolvencies will come on us. A logical consequence of insolvency is the loss of property, not only in the form of jewellery, cars or furnishings, of course real estate will also be affected if the rate of insolvencies in Germany increases.

The trend analysis in the field of real estate sales (08/20) deals with the increasing demand. Very directly visible, among others on the main keyword “sell property”. The charts and the review of the last 12 months can be found below. Moderately increased, on average only 2 to 3 points, are the sale of house and condominium. So there doesn’t seem to be much change in the amount of search queries here yet.

Very noticeable, on the other hand, is the trend on the topic of “selling multi-family houses”. As you will see in the individual analyses and charts, the trend is jumping upwards these days.

Now online: Real Estate Corona Analysis 08/20



Opinions are mixed

In mid-March 2020, when the pandemic had already reached the German market, no one in the real estate world saw any negative consequences for the property market. There was no talk of contact restrictions, business life was still largely normal. Only with the tightening of contact rules, the closing of public institutions such as schools, but also restaurants, etc., the tone changed. Here is a brief summary of the positions:

Corona: Property prices will fall

After prices for houses and apartments still rose by an average of 5% last year, and in some places by more than 10%, Corona will cool the market noticeably. Because:

1. Buyers fear for their jobs
2. Loss of rent for rented properties is now a real calculation factor
3. Every real estate cycle so far ends in a recession
4. A recession in the economy also affects the real estate industry
5. Share packages lose value, so there is no purchase capital for real estate
6. This particularly affects the private buyer/seller
7. Already in 2008, during the financial crisis of the Euro, the real estate market collapsed by 12%.

House price development in Germany:



You can find more statistics at Statista

Corona has no influence on property prices

Because the investment in real estate is also often referred to as “concrete gold”, the ownership of real estate proves to be valuable and unshakeable, especially in such a crisis. Regardless of whether it is owner-occupied property or a rental investment: the market for real estate will continue to boom. Because:

1. Lending rates remain at historically low levels
2. Interest rates are kept stable precisely in order to cope with crises
3. The shortage of housing in Germany persists
4. There is no real estate bubble because banks did not make loans lightly
5. Rental and owner-occupied apartments are still in high demand
6. Real estate is a long-term investment
7. Demanded residential locations continue to have stable prices

Sell house in Corona times

Despite contact restrictions and other restrictions on the movement of goods and merchandise: In Germany, some activities regarding the real estate market are still permitted! For example, owners of rentable properties are allowed to arrange viewing appointments on a limited basis. However, no mass viewings, but only individual appointments. This makes renting more difficult, but not impossible. Attention: The regulations depend on the federal state!

Read more about the current regulations when selling a house in Corona times here!

Overall, it is now for all who own a property and want to sell it: Keep calm! In addition, it is important to have the right estate agent as a partner for the sale at your side. Hiring the right real estate agent is the order of the day. Discretion in selling real estate is also very important at this time. Discreet brokers have significant advantages for the seller here!



Discreet brokers: particularly recommended in times of crisis

Discreet brokers always work “to the exclusion of the public” when selling real estate. They have access to an extensive customer file without having to advertise your property in the relevant ways. They are accustomed to carry out viewing appointments and all other activities around the house sale almost in all silence. Mass appointments, broad advertisements, etc. are not the business of the Diskret broker. Thus, he fulfils all the requirements for a sales management of real estate in times of Corona.

However, discreet real estate marketing – also referred to as “secret sale” – poses very special challenges for the real estate agent.

• The Diskret broker sells your house with absolute discretion
• The Diskret broker does without the usual Internet portals for real estate offers
• The Diskret-Makler has an extensive prospective customer file
• The discreet broker thus often ensures a faster sale of your property
• Especially when the normal distribution channel is closed.
• The discreet broker sells real estate of all types and sizes
• The Diskret broker also works when the seller lives abroad

Lukinski with its team of experts is a discreet broker in the Rhine-Main area. We also inspect properties under these special conditions and evaluate your property professionally and discreetly.

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