Frankfurt New properties are currently particularly popular on the market – and therefore expensive. But according to the Swiss proptech Pricehubble, investors should not be put off by the age of a property.
On the contrary: a current study on the value development of residential properties of different building ages shows that it can be worthwhile to look specifically for older existing properties as an investment, reports Pricehubble.
This applies in particular to real estate in Düsseldorf, Cologne and Frankfurt. “Buildings, like cars, tend to depreciate faster in the early part of their life cycle than in later years. However, since a property usually also includes a plot of land that does not wear out, the value of the property then approaches the value of the land,” explained Nima Mehrafshan, Managing Director and Head of Research & Analytics at Pricehubble Germany.
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