New builds in Augsburg
Location and climate
Augsburg is the capital of Swabia, the third largest city in Bavaria (after Munich and Nuremberg) in the Federal Republic of Germany. It is called the city of "three rivers" because it is located on the main river Lech and two tributaries of the Vertakh, the Zingold (it flows into a system of artificial canals and local streams). The city borders with the Augsburg-Western Forests National Park.
The climate is mainly humid continental, in the Lech valley - dry continental. There are warm summers and not too cold winters (it snows from January to March).
Why is it profitable to buy an apartment in a new build in Augsburg?
Augsburg is a dynamically developing industrial city, where the leaders of the European market produce high-tech products:
- MAN is an auto concern (trucks, buses and accessories for such),
- EADS - Aerospace Corporation,
- SIMENS is a conglomerate for the production of electronics, energy and medical equipment,
- MESSERSCHMITT is an aircraft manufacturer,
- KUKA is a manufacturer of industrial robots.
The city regularly hosts congresses of manufacturers, exhibitions of goods and technologies, the new Augsburg exhibition center can accommodate 8,000 visitors, and the Augsburg airport receives business jets.
Public transport is represented by seven railway and five tram lines and there are also buses and taxis in the city.
The following educational institutions are located there: University of Augsburg, University of Applied Sciences, Higher School of Music.
New builds for sale in Augsburg from the developers are invariably in demand among experienced investors. Augsburg is interesting for residents of other German cities planning to move to a new place of residence, seeking to find a job and enjoy the local landscapes of the surrounding nature.
Experts note the following important indicators of the attractiveness of investments in residential complexes in Augsburg:
- stable market,
- growing population,
- high level of industrial development,
- excellent ecology,
- the sale of apartments from developers is carried out on a turnkey basis,
- the quality of construction meets European standards, which is confirmed by customer reviews,
- a significant percentage of tenants.
Real estate in the new homes for sale is a profitable acquisition for an investor in order to obtain a stable income from long-term rent, as:
- many Augsburg residents prefer to rent housing,
- 16% of the townspeople are foreigners,
- students’ parents willingly pay for inexpensive apartments.
According to the information provided by the real estate search engine GEOLN.COM, the minimum price per square meter for a turnkey apartment in a new home is 5,315 USD.
Buying apartments in Augsburg from developers by foreigners
Foreign investors have the right to purchase real estate without any restrictions or special conditions. They can buy apartments from the developers in Augsburg with the same rights as the citizens of the country.
Sights
- Tourist interest in the city is very high, residents of Germany and guests from other countries tend to visit:
- Town hall,
- Bell tower Perlachturm,
- Fuggerei (the oldest residential area dated 1523),
- Museum of textiles and industry,
- house-museum of Bertold Brecht,
- house-museum of Leopold Mozart,
- house of the Holbein dynasty of artists,
- Art Gallery
- Cathedral of Saints Ulrich and Afra,
- Cathedral of the Virgin Mary,
- St. Anne's Church,
- Episcopal residence,
- Botanical Garden,
- medieval gates and canals,
- Maximilianstrasse,
- puppet theater.
Purchasing an apartment in a new development in Augsburg is a good choice of place to live and work with the opportunity to use city’s developed infrastructure, as well as a good investment solution in order to obtain a high rental income.