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

Location is known to be a decisive factor in real estate valuation. Both the macro-location (regional and city-wide factors such as economic situation, infrastructure and development prospects) and the micro-location (immediate surroundings of the property, neighborhood, access to public transport) are taken into account.

Here is 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-location
• Wusterhausen/Dosse (Brandenburg) – € 128,000 for 305 m² living space – C-location

The result:

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

Let’s take a closer look at the cities:

Apartment building in Berlin: € 1.15 million

As the capital and economic center, Berlin offers a lively cultural scene, high demand for living space and a strong economy. These factors make real estate in Berlin very attractive for investors, which is reflected in the higher prices. This is how much an apartment building in Berlin costs – the small version.

Apartment building in Wuppertal: € 629,000

Wuppertal, a city in the Ruhr region, is characterized by a solid infrastructure and a comparatively lower cost of living. 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 region. The cost of living is lower here and property prices are correspondingly more affordable. However, you have to accept compromises in terms of infrastructure and job opportunities.

Effect of the real estate situation

It turns out that the location of a property not only determines the price, but also the potential increase in value. A careful analysis of the location is therefore essential, whether buying, selling or investing in apartment buildings.

Buying an apartment building in Berlin

Do you want to invest and buy a rental property in Berlin? Here you will find all the steps in a guide, especially valuable information for first-time buyers:

• Buying an apartment building: steps

Do you already know my off-market portfolio in Berlin? You can even see one in the picture here.

• Buying an apartment building in Berlin

Why experience from others?

Each story highlights typical mistakes to avoid while showing how smart decisions and practical actions can lead to a successful outcome.

Most people sell 1 property in their lifetime, which is why it is so important to gain experience. Over 67% ultimately choose a good real estate agent, and in large cities as many as 80% use a good real estate agent.

These are not songs of praise for our and my work. I have compiled a few private experiences.

Of course, here are the fictitious experience reports in a more detailed form with headings:

“Avoiding the price trap” – Experience #1

Field report 1: Karin Müller
Age: 32

I thought I had estimated the price of my apartment correctly. But hardly anyone showed any interest. I was frustrated and didn’t understand what I had done wrong. Then I met a real estate agent. He seemed to sense my frustration and offered to take a look at my situation. He analyzed the market, inspected my apartment and then came to me with a new price proposal.

I found it difficult to adjust my expectations because I wanted to get the best out of the sale. But the estate agent explained to me that the original price was not in line with the market situation. I trusted his advice and adjusted the price. Lo and behold – suddenly there were more inquiries and interest. In the end, I was able to sell my apartment at a fair price. The estate agent showed me how important it is to find the right asking price.

• Apartment with 72m²
• 4 rooms
• Frechen in NRW
• Balcony with a view of the park
• Modern kitchen
• Proximity to public transportation

“Structured analyses lead to better presentation” – Experience #2

Field report 2: Hans Werner-Meier
Age: 45

I was always aware that my apartment had accumulated a few scratches and signs of wear over the years. Initially, I tended to dismiss these as minor defects. But my perception changed drastically when potential buyers came to view the apartment. Suddenly, the impression of neglect seemed to be omnipresent, and these signs of wear and tear were reflected in the offers – in a negative way.

In this matter, a trusted friend who works in real estate advised me to invest in targeted repairs and renovations. Initially, I felt a certain skepticism about this recommendation, as I wasn’t sure whether the effort would be worth it. Nevertheless, I decided to follow the advice and embark on a systematic preparation. This included measures such as fresh coats of paint, repairing minor defects and thorough cleaning.

The results of these measures were quite impressive. The response to the redesigned and carefully prepared apartment was significantly more positive. Potential buyers now showed significantly increased interest. This ultimately enabled me to successfuly sell my apartment at a reasonable price. This experience made it impressively clear to me that careful preparation and presentation play an essential role in a promising sale.

• 85m² apartment
• 2 bedrooms
• Central location in Hamburg
• Spacious living room
• High-quality equipment
• Proximity to shopping facilities

“Photos and descriptions” – Experience #3

Field report: Murat T.
Age: 28

I sold my small apartment in Cologne and thought a few snapshots with my cell phone would be okay to show my apartment. But when I put the ad online, not many people were interested. The photos were shaky and the text was hard to understand. I was really disappointed because I knew my apartment was really great. Then I met Maria, a friend who works in advertising. She showed me how important it is to show the apartment well. So I hired a professional photographer and wrote a better description. The result blew me away! Suddenly I was getting a lot more inquiries and people loved my apartment. In the end, I found the perfect buyer who was totally impressed with the photos and description. This story shows how important photos and texts are for successful selling.

• 50m² apartment
• 1 bedroom
• City center location in Cologne

“Forgotten documents” – Experience #4

Field report: Aurora Giurgiu
Age: 50

I was so excited about selling my apartment that I had forgotten to prepare the necessary documents. When a potential buyer showed serious interest, I started to sweat. He wanted to see documents that I didn’t have to hand. It was embarrassing and frustrating at the same time. That was the moment I realized how important thorough preparation is. Now I’ve created a checklist for all the necessary paperwork – land register extracts, declarations of division, energy certificate and more. Being smart right from the start not only saves trouble, but also time and nerves.

• 110m² maisonette
• 3 bedrooms
• Outskirts of Stuttgart
• Large balcony with a view
• In need of renovation

“Negotiations? No problem” – Experience #5

Field report: Julia R. Becker
Age: 37

Negotiations? No problem. But when I spoke to a potential buyer, I realized it was more difficult than I thought. I agreed to a lower price just to close the deal. But then I met Mark, a real estate consultant. He helped me learn negotiation tactics and boost my confidence. I was better prepared for the next buyer. I negotiated professionally, maintained my position and achieved the price I had in mind. This experience taught me how important it is to prepare for negotiations in order to get the best deal.

• 65m² apartment
• Open room concept
• Industrial style in Berlin Kreuzberg
• High ceilings and large windows
• Creative workspace
• Proximity to art galeries and cafés

“When friends draw up the purchase contract” – Experience #6

Field report: Thomas Fischer
Age: 60

Well, I had a friend draw up the purchase contract. But that led to misunderstandings and uncertainties. When the buyer asked questions, I was overwhelmed. That was a wake-up call. I realized that the legal protection of the sale was of the utmost importance. I sought professional help in the form of a lawyer. He reviewed the contract, made sure all the legal aspects were covered and gave me the confidence I needed. The sale went smoothly and I learned that expert legal support is essential.

“Season and time” – Experience #7

Field report: Samuel Chukwuaze
Age: 29

Apartments are always in demand, aren’t they? But when I put my apartment on the market, there was surprisingly little interest. This disappointment was hard to swallow, especially because I had hoped to sell my apartment quickly.

Then I met an experienced estate agent who gave me a completely new perspective. She explained to me in detail how the real estate market reacts differently in different seasons and that the right time is a decisive factor for the success of a sale. Her insight convinced me to rethink my original sales plan.

The estate agent recommended that I postpone the sale and keep a close eye on the market. I was skeptical at first – I didn’t want to waste any more time. But she explained to me that patience and a strategic approach can lead to better results in the long term.

Fortunately, I had the time at the sale.

In the end, I followed her advice and waited until the following spring, when demand was known to be at its highest. And she was right – at that time I found the perfect buyer who was delighted with my apartment. The sale went smoothly and I achieved a good price. This experience made it clear to me that the right time to sell a house or apartment can be crucial. Sometimes it simply pays to listen to expert advice and wait patiently for the best moment.

• 90m² Penthouse
• 2 bedrooms
• Luxurious furnishings in Düsseldorf
• Private roof terrace
• Old building with character

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

Altstadt & Oberkassel: Luxury apartments

The capital of North Rhine-Westphalia inspires with its luxurious quarters, exclusive villa districts and its breathtaking skyline. The comprehensive good infrastructure, the diverse shopping facilities and the internationally positioned local economy also make Düsseldorf a superlative city. Düsseldorf’s attractiveness is also reflected in the local real estate market: especially the streets in the Old Town and Oberkassel are among the most exclusive residential areas. This also causes property prices in Düsseldorf to rise. Whoever wants to get hold of an exclusive property here – whether sold privately, off market & Co. – should contact 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, we will now give you an overview of the most expensive streets in the North Rhine-Westphalian metropolis. The purchase price per square metre is between €10,000 and €14,000.

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

Old town (Altestadt)

The Altestadt in Düsseldorf is not only the most expensive street in the entire city, but also the most beautiful, here you will find many villas in Art Nouveau style or also old building apartments, which even as a loft apartment still exude historical charm. The banks of the Rhine can be reached on foot, the historic Burgenplatz is only a few minutes away by car and Düsseldorf’s city hall is also located here. Likewise, one of Europe’s most famous shopping streets can be found nearby: Königsallee. Property prices here are around €13,500 per square metre.

The price per square meter here is 13.500€ /sqm

Maximum price up to 13.500€/ sqm

Here you will find top adresses like:

• City Hall Düsseldorf
• Königsallee (Nearby)

Map and location of the old town:

See for yourself and explore the old town in a virtual way.

Streetview Old Town:

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

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

The price per square meter here is 10.000€ /sqm

Maximum price up to 10.000€/ sqm

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

See for yourself and explore the Kaiser-Wilhelm-Ring, Kaiser-Friedrich-Ring in a virtual way.

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

Tips & Tricks Düsseldorf real estate: Living or buying

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

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 nightlife options and jobs, but is also always on the lookout 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 to pass the time in the city on the Rhine. But also the job market is diverse and appealing. The people of Düsseldorf are gallant and educated, which is why many move here for professional reasons. Others come to Düsseldorf because the city’s historic charm appeals to them. Whatever your reasons, we’ll tell you where to find the best properties to live in or invest in.

• Living in Düsseldorf

Living in Königsallee: Attractive place to live in Düsseldorf

Noble boutiques, well-kept parks, gastronomic variety 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. Locally situated in the centre of the fashion and media metropolis, Königsallee is characterised by its high quality of life and safety. Düsseldorf’s renowned universities, the most famous hotspots and the city’s business centre are also not far away from here. This is appreciated by investors and entrepreneurs, as well as families and single people.

You would like to invest in a property as a capital investment? Then you can buy a property or an apartment building to rent it out lucratively. Or do you prefer to live in rented accommodation? Whether renting or buying – there is room for everyone in the Kö! Currently, houses are selling for an average of 4,350 euros per square metre. Depending on the type of apartment, you can expect to pay around 3,900 euros per square metre for a condominium.

• Living in the Königsallee

Buy or rent property in Düsseldorf

We show you the current asking prices for condominiums, but also the price development of Düsseldorf real estate over the last 5 and 15 years. We have prepared all new data and statistics for you. The Düsseldorf real estate market is very desirable, as you will see later, Düsseldorf is currently the city with the greatest potential for investors, followed by Frankfurt and Cologne. Above all, NRW is gaining in favour with buyers. The central, European location, fashion, culture and architecture. Our look at the Düsseldorf real estate market around land, condominiums and single-family homes. Reading tip! Free guide and checklist on the subject of selling a house or apartment.

• Dusseldorf Buy & Rent: House, apartment, land

Selling real estate in Düsseldorf: procedure & 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 with property buyers due to its charming location on the Rhine. A variety of shopping opportunities, a wide range of restaurants and the modern infrastructure make Düsseldorf a permanently sought-after city for real estate buyers. 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.

• Selling real estate in Düsseldorf

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.