House view (1/2)
Apartment (2/2)
Munich - Top location of Schwabing
sold
Quiet apartment with winter garden
Quiet prime location close to Münchner Freiheit, 2nd floor. generous living-/dining area 31 m ², small winter garden, parquet flooring, beautiful south balcony to the leafy inner courtyard, TG parking space.
Basic data
- Property
- ETW 2390
- Property type
- Apartment
- Construction year
- 1985
- Floor
- 2. OG
- Lift
- no
Area listing
- Living space
- approx. 62 m²
Space and equipment
- Room
- 2
Purchase price
This property is already sold.
Location
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Real estate guide
The exact amount of equity to be contributed depends on the financial and income situation of the potential buyer as well as the location and risk profile of the property.
The "hereditary lease" is prohibited by law in Germany today. Colloquially, however, the "Erbbaurecht" is often referred to as "Erbpacht". A "hereditary building right" is a right equivalent to real property which is formed in a separate "hereditary building right land register".
The responsible expert committee evaluates all property sales and uses them to determine location-specific "standard land values", which are generally published every two years. These averaged prices apply to average plots of land in a defined area with a specific development potential at a given point in time.
The risk profile of the property should be comprehensively assessed as part of a "due diligence", i.e. a simple consideration of the gross yield (annual rent : sales price x 100) is certainly not sufficient. This involves a large number of assessment steps, which are only presented as examples in the context of this blog.
In German brokerage law, a broker's sole commission is a contract that defines an exclusive contractual relationship between a broker and the client. In the case of a sole commission, the client binds himself to a single broker who, in return, is obliged to provide a service.
There are three standardised methods for determining the value of real estate in Germany: the comparative value method, the capitalised earnings value method and the asset value method. The aim of the valuation is to determine the market value of the property.