Commission-free real estate directly from the owner in Wedel

Rising prices: The Wedel real estate market

The small town of Wedel in the Schleswig-Holstein district of Pinneberg is not only a popular destination for residents of the nearby metropolis of Hamburg, but also a sought-after place to live. This is because the town of 32,000 inhabitants to the west of Hamburg's Rissen district is located directly on the Elbe River and has a real attraction to offer in the form of the well-known Willkomm-Höft ship welcoming facility: Here, the large ships entering the port of Hamburg are greeted with the respective national anthem.In addition, thelargest marina in northern Germany in Wedel tempts visitors to take a leisurely stroll.

Short distances to Hamburg

The small town on the Elbe can be reached quickly from Hamburg: Wedel S-Bahn station is the terminus of the regularly scheduled S-Bahn line S 1 in the direction of Altona and Hamburg Central Station. Within the city, buses of the Hamburger Verkehrsverbund (HVV) guarantee good connections. Wedel can also be reached by ferry: for example, with a Hadag ferry from Sankt-Pauli-Landungsbrücken or with a Helgoland ferry. For motorists, on the other hand, the B 431 federal highway is a good way to get from Wedel to Hamburg-Altona and from there to the center of the Elbe metropolis. Good conditions, therefore, for commuters who want to work in the big city and live a little outside in beautiful surroundings. But Wedel itself also has attractive job opportunities to offer, because the German headquarters of the international pharmaceutical company AstraZeneca is located here, among other things.In addition, theprestigious Elbufer BusinessPark is currently being built directly on the Elbe River, which is intended to attract technology and service companies to the city.

Commission-free real estate in Wedel

Wedel's popularity is also reflected in rising real estate prices. As the Hamburger Abendblatt reported in 2012, the city has seen enormous price increases in recent years. Anyone wishing to purchase residential property here should therefore be prepared for the most expensive prices per square meter in the entire Hamburg region. The good news, however, is that at least in the area of rental apartments, the chances of finding attractive offers free of commission are much greater in Wedel than in neighboring Hamburg. Smaller, on the other hand, is the selection of commission-free condominiums and owner-occupied homes. However, with a bit of luck and a willingness to compromise on location, amenities and the state of renovation of the property, it is also possible to find suitable offers without commission here.

Cheaper than in Hamburg

With an average rent of 8.90 euros per square meter (data from immobilienscout24.de), a rental apartment in Wedel still costs considerably less than in the large neighboring city of Hamburg - and in addition, one can still hope here to find an acceptable property without a broker. Also residential property is to be had according to immobilienscout24.de in Wedel substantially more favorably than in Hamburg: On the average 2,200 euro per square meter one pays here for a free-hold apartment, 382,000 euro for a home of one's own. These prices put Wedel above the average for the Pinneberg district, but still well below the prices in Hamburg's tight real estate market.

Living in Wedel (Pinneberg district)

Source: immobilienscout24.de, as of: March 2014

Living in Hamburg

Source: immobilienscout24.de, as of March 2014