New buildings in Hamburg
City on the map
Hamburg is a city in Germany and one of the largest ports in Europe. It is located at the confluence of the Elbe River into the North Sea.
Why is it profitable to buy an apartment in a new building of Hamburg?
The industrial city is strategically important for the German economy, the seaport handles more than twelve thousand ships from all over the world every day, there is also a river port on the Elbe River. More than two hundred thousand people come here every day to work in both ports.
It is the second most populous city in the country, a center for the development of banking, service and information technologies, and the aerospace industry for civil purposes.
There are oil refineries in the city, there is a large brewery, machine-building plants, authoritative and popular publishers of German media are located here as well.
A considerable number of consulates and representations of different countries were founded on the territory of the city.
Hamburg is conventionally divided into Old and New Towns. There is a lot of glass in the New Town: residential buildings with original architecture, office buildings. It is in stark contrast to the Old Town (a 17th century port area), where red brick houses are located close to each other. This is all that remains of the old trading quarter after the 1842 fire that destroyed the original historic buildings. Only a small part was restored, the former berths are now occupied by tables of fish restaurants.
There are 17 universities in the city, where about 70,000 students are studying and renting housing. One of the largest particle physics research centers in the world is located in the western part of Hamburg.
It is easy to come to the city and move around it and its surroundings, since Hamburg has a developed infrastructure of air transport, railways and highways. There are two airports. The public transport system includes metro, buses, river ferries, commuter trains.
Engineers, workers, scientific workers come to the city and prefer to rent apartments in the new buildings or buy real estate, which undoubtedly increases the overall demand for housing and increases the interest of investors. According to experts, the majority of home buyers are local residents; the share of foreigners is still relatively low, but growing. These are mainly citizens of France, Switzerland, USA, Netherlands, Great Britain, China, Austria. It is possible to buy an apartment from a developer in Hamburg at a reasonable price ( according to the standards of the EU and the German real estate market).
Prices for apartments in new buildings tend to increase, which provides a decent income (rent, resale). For foreign investors, buying real estate in the city is a good investment, given the stability of the local real estate market and the country's economy as a whole.
The number of housing units under construction does not fully meet the growing demand for real estate in Hamburg in new buildings. Multi-storey residential complexes in Hamburg consist of apartments of different classes from economy to elite, the sale of apartments from developers is carried out, as a rule, on a turnkey basis. Renovation in new buildings meets the standards. Feedback from home buyers confirms the good quality of the properties. New buildings in Hamburg from the developers are delivered on time and are completed using the latest technologies.
The minimum price per square meter of area in a turnkey condition (according to the information of the real estate search engine GEOLN.COM) is 5,400 USD.
Acquisition of apartments in Hamburg by foreigners
Foreigners can buy apartments without restrictions.
Highlights of the city
- gallery Kunsthalle;
- gallery of contemporary art;
- museums: history of Hamburg, Johannes Brahms, arts and crafts, Cap San Diego, zoological, puppetry, erotic art;
- Botanical Garden;
- Hamburg Dungeon;
- Opera theatre;
and much more.
Purchasing an apartment in a new building of Hamburg is a reliable investment, reasonably assuming a steadily growing passive income from renter resale in a large industrial city of great strategic and economic importance for Europe.