Commission-free house purchase in Hesse

A state with a large north-south divide: The real estate market for residential properties in Hesse

Not all Hesse is the same - this also applies to the real estate market. The fifth-largest state in Germany by population has numerous facets. In the south, the Rhine-Main region beckons with attractive job opportunities in industry, the service sector, public administration and science. In northern and central Hesse, the larger cities of Kassel, Fulda and Giessen combine favorable location factors with a high quality of life. Attractive museums, theaters, opera houses and concert halls draw culture enthusiasts to Hessen's major cities, while nature lovers and hikers find their paradise in Hessen's low mountain ranges such as the Rhön, Taunus and Spessart. Scenic rivers such as the Main, Lahn or Fulda, together with the large reservoirs - especially the Edersee - additionally increase the recreational value of the state.

Favorable real estate prices in rural Hesse

No wonder that year after year more and more tourists decide to travel to Hessen. In addition, however, Hessen can also boast a comparatively attractive real estate market. Who would like to buy in Hessen without commission a house, has at present good maps. In the rural regions of Hessen, above all in north Hessen, the home prices sink for years. Despite sensationally favorable interest and the unbroken trend to the investment in real estates numerous single family houses, double and row houses stand in the rural Hessen for the small price for the sales. A favorable moment thus, in order to acquire without broker fees, simply from private to private a house in Hessen - and to decide thereby for an attractive residential environment with high quality of life. Also on salesman side one is well advised to do without the assignment of a broker, because the high broker commissions deter many potential prospective customers.
However, the disparity between northern and southern Hesse is also reflected in the price development for used single-family houses, semi-detached houses and terraced houses in recent years. While average prices in northern Hesse stagnated or even declined slightly in 2013, according to the ZGGH trend report from January 2014, the booming real estate market in the Rhine-Main region is making itself felt in southern Hesse: Here, prices for second-hand homes have been rising for years.

Rising prices in the Rhine-Main region

Take Frankfurt am Main, for example: here, it is now difficult to find a home for sale at all. According to the Frankfurt/Main Expert Committee for Real Estate Values, prospective buyers had to pay six percent more for a mid-terrace house here in 2013 than in 2012. But there are also major differences within the Frankfurt metropolitan region. Prices rose at an above-average rate both in residential areas close to the city center and in the sought-after Vordertaunus region. However, if one is prepared to make compromises in terms of transport links or local infrastructure, it is still possible in the Frankfurt metropolitan region to acquire a house without a broker - i.e. commission-free. Completely differently the situation in the northhessian city Kassel: Who would like to buy here a house, has good chances of avoiding the unloved broker commission. According to a statistic of the real estate portal immowelt.de the house prices remain stable here for many months, only with the large single family houses with over 180 square meters larger fluctuations result.Onaverage, prospective buyers can save almost 500,000 euros if they opt for a home in the more tranquil Kassel instead of a house in the banking metropolis of Frankfurt am Main.

Current house prices in Frankfurt/Main and Kassel (February 2014):

Source: immowelt.de