Hamburg is the second largest city in Germany, located on the banks of the Elbe River.
The climate is maritime with warm (sometimes cool) summers and mild winters. The warmest months are July and August, the coldest is January. Precipitation is distributed evenly throughout the year. From November to February, Hamburg is often cloudy and humid. In winter, slight frosts and snowfalls are not uncommon.
This is one of the richest cities in the country, the largest port and a real "gateway to the world." Hamburg is the center of European trade, mechanical engineering, light and printing industry, the second most important industrial center of the country. A self-sufficient bright city attracts with a variety of cultural and landscape monuments, a special atmosphere of antiquity and a daring spirit of youth.
Benefits of living and investing in Hamburg:
- business and industrial center;
- infrastructure in perfect condition;
- high standard of living, high salaries (the city is included in at least the first 20 cities in the world in terms of the quality of life of the local population; the level of wages is one of the highest in Germany);
- prospects for education and employment (availability of prestigious universities and offices of major international companies);
- obtaining a stable income from rent (the influx of migrant workers contributes to the fact that there will definitely not be a shortage of tenants in this city);
- safe investment in the secondary market of the city (financial activity is active, many banks and insurance companies are operating, which also serves as an indicator of the stability of investments in the local market).
How to profitably buy an apartment in Hamburg: offers on the market
Developed Hamburg attracts foreigners who choose this city for permanent residence and investment in resale real estate. The investment attractiveness of Hamburg's secondary properties is explained by its geographically advantageous location, good economic performance and a constant influx of people from different cities of Germany and Europe. The housing market in Hamburg is very diverse, with a wide range of quality apartments (luxury, studios, one-room, two-room apartments, etc.).
All districts of Hamburg are interconnected by a convenient transport system. On one hand, the city has a lively center, on the other hand, quiet neighborhoods and attractive peripheral areas surrounded by nature. Hamburg is divided into 7 main large districts, each of which has its own characteristics and advantages. The most popular areas for buying an apartment on the secondary market are:
- Eimsbüttel is one of the most densely populated areas, very popular with young people, families and all those who prefer a quiet lifestyle, but still want to live in the city center. It is characterized by ancient architecture, green streets and numerous parks. The old housing stock apartments here have high ceilings and wooden floors, which is a clear advantage for those interested in buying a resale property;
- Altona is an area where you can find everything you need (the beautiful Elbe embankment for evening walks, parks, fashionable bars and restaurants, small shops and grocery supermarkets, as well as old architecture). Many of the apartments in the area are located in buildings of particular cultural value, and there are also numerous loft-style apartments;
- Hamburg-Nord is located in the northern part of Hamburg and is known for contrasting high-end neighborhoods and low-cost middle-class residential areas;
- Wandsbek is the largest residential area in Hamburg, with a large shopping center, several educational institutions and sports facilities, surrounded by nature. Great for both active youth and families with children;
- Hamburg-Mitte is one of the central districts of Hamburg with government institutions, shopping centers, large offices and restaurants, it is also famous for theaters, cultural centers and concert halls. This area is chosen for buying an apartment by those who care about being in the center of events;
- Harburg - the historical part of Hamburg, located in the south of the city, on the banks of the Elbe River;
- Bergedorf is an ideal area for those who do not want to leave the city, but at the same time prefer to live closer to nature (nature here is rich for an urban environment: rivers, valleys and forests, many apartment buildings overlook beautiful landscapes).
Website for buying and selling apartments in Hamburg
The GEOLN.COM website with a user-friendly search interface helps investors find and buy apartments in
Hamburg inexpensively. You can quickly and easily select an apartment according to the required parameters without intermediaries and use the advice of specialists. The catalog contains verified objects of the city, which are placed on the site by homeowners on their own.
The cost of living in Hamburg
The average price per square meter in Hamburg is 5,000 euros. At the same time, there are many offers on the market ranging from 3,000 to 6,000 euros. The approximate cost per square meter in different parts of the city is:
- Eimsbuttel - from 5,200 euros;
- Altona: apartments overlooking the river - from 11,500 euros, apartments in old houses - from 5,600 euros;
- Hamburg-Nord: apartments overlooking the lake - from 11,800 euros, apartments in a quiet area - from 5,000 euros;
- Wandsbek - from 4,400 euros;
- Hamburg-Mitte - from 5,000 euros;
- Harburg - from 5,300 euros.
How to buy an apartment in Hamburg: the nuances of investing
A citizen of any country has the right to buy a home in Hamburg. The process of buying an apartment in Hamburg is completely transparent. The owner of secondary real estate receives a stable income, and his investments are protected by the state. However, before buying (especially remote), we recommend not only viewing the photo of the selected object, but also reading the reviews of the residents of the house.
We suggest that you seek qualified assistance from specialists to minimize risks and losses. GEOLN experts carry out a high-quality selection of an apartment from the owners according to individual parameters. The purchase and sale of apartments in Hamburg is accompanied by professionals who provide the preparation of the necessary documents, the complex execution of transactions.
Buying a home in Hamburg is a profitable investment, competently saving financial resources and a guarantee of a stable income with a regular increase in the value of an object in one of the best cities for living in Germany.