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You are at:Home»Economy»What factors affect the value of real estate in Germany

What factors affect the value of real estate in Germany

February 22, 2019

In all countries, and Germany in this case is no exception, there is its own classification of residential real estate. The most expensive is the site with the house for one family. It is possible to change the layout or attach an additional room, but expensive communications. The next at the cost of operation can be called houses for two families, because the costs are reduced by halves. Cottage villages are especially popular. The most common type of German residential real estate is a city two -room apartment in Berlin. At the same time, communications and the landing are in collective property for all residents.

The price is influenced by three factors. The most important area is, because in the former territory of the GDR, apartments do not meet modern standards, and reselling or renting such housing is a rather difficult matter. But in this rule there are exceptions. These are usually large cities and their satellites.

The next most important factor, let’s call operational costs. Here is a reverse dependence, the less you should pay in the future, the more expensive housing. To reduce these expenses, you can change equipment to more modern, make the thermal insulation of rooms, etc.

The last pricing factor is the development of infrastructure in the area of ​​future housing. If we talk about the capital, then housing prices are lower than in the European capitals as a whole, primarily due to the fact that after the unification of Germany, the economy has not yet completely restored.

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