Commission-free Houses to buy in Hamburg

Buy house Hamburg

City of Hamburg in the Elbe floodplain,
How are you stately to look at !
With your towers high and lofty
Hebst you beautiful and lovely very !

https://www.youtube.com/watch?v=UCIkTuE8uF4

"City of Hamburg in the Elbe floodplain" is the official anthem of the city of Hamburg.

Life in Hamburg

Hamburg offers as much quality of life as hardly any other city in Germany and is one of the most competitive regions in Europe. In addition to a vibrant arts and culture scene, the green metropolis scores points for its high economic strength and excellent infrastructure, with the Port of Hamburg providing access to the North Sea and the Baltic Sea.

A total of 17 universities have also earned Hamburg a reputation as a world-class city in the field of education and science. The Bucerius Law School, Germany's first private law school, and the HafenCity University are two special features in the German university landscape.

Around 2,500 bridges cross Hamburg's rivers, canals and canals over a total of 42 kilometers. Thus Hamburg surpasses itself and Amsterdam and even Venice. Not for nothing is the metropolis called the Venice of the North. Fittingly, Germany's only typical Venetian gondola naturally travels Hamburg's waterways, adding to the city's romantic charm.

Living in Hamburg

Hamburg offers the right neighborhood for every lifestyle. You are spoilt for choice between

- districts with village character or upper middle-class ambience,
- lively scene quarters like St. Pauli and St. George,
- the fantastic water situations at Alster and Elbe,
- the picturesque Elbvororten as one of the largest connected mansion areas of Europe and
- the port city, Hamburgs youngest district.

this variety, paired with above average growth, makes the region Hamburg one of the most attractive and most expensive living real estate markets of Germany. Offers from private ownersare particularly hotly sought after.

Current prices per square meter for the purchase of a house in Hamburg

For the purchase of a house with approx. 100 square meters, an average of 3,134.00 €/m² must be calculated in Hamburg. A house with 150m² costs about 3,099 €/m² in Hamburg. With a 200m ² - house the price amounts to up-to-date 3.726 €/m ².
Thus the prices for the purchase of a house in Hamburg lie over the country wide comparison prices. Clearly, offers without brokerage are particularly sought after.

Today Lokstedt is the cheapest district with an average price per square meter of 1,775 €/m². The most expensive today is in Nienstedten with 5,828 €/m².
The price figures are as of December 2013. If there are no brokerage costs, at least the ancillary costs remain low when buying.

My tip: Although Rotherbaum is one of Hamburg's premium locations, it is comparatively the easiest place to find a cheap house because demand for houses here is very low. In Rotherbaum, condominiums in lavishly renovated old buildings are especially sought-after. If, in addition,there isno brokerage fee, then you have made a real bargain!

Outlook

Hamburg will continue to grow in the coming years due to its excellent working and living conditions. Forecasts predict that more than 1.9 million people will live in Hamburg by 2030. However, new construction activity is clearly lagging behind this development. Demand for owner-occupied single-family homes in particular will therefore remain very high.

We expect comparatively moderate price increases for house purchases in 2014. Irrespective of this, we believe that customers will continue to be prepared to pay connoisseur prices for select properties with luxury fittings in Hamburg's preferred waterfront locations: Alsterlauf, Alstertal and Elbvororte. The current favorable interest rate level favors this development.