New residential complex with terraces and balconies, Gostenhof district, Nuremberg, Germany

From 520,000 €

Apartments in total: 56

Completion: 2023

Minimum price: 520.4k €

Floor areas: 79—90_m²

Maximum price: 627k €

Minimal price per m²: 6,377 €

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German law protects the investor: payment is made by installments, and if the developer fails to complete construction, the money will be reimbursed in full.

Description

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Number of buildings: 1
Apartments in total: 56
Number of rooms in apartments: 3—3
Location: Nuremberg
Developer: disclosed upon request

The new residential complex includes 56 apartments with 1–4 rooms. 9 apartments are sold fully furnished, and 25 have a modern equipped kitchen.

The building has an underground parking for 40 spaces (9 with fast charging stations for electric vehicles), 4 parking spaces for motorcycles, a large parking space for bicycles. The price for a parking space is EUR 32,500. In addition, there is a storage room for each apartment.

The price of the offered apartment already includes parking and furniture.

Advantages

Advantages:

The property is perfect for both living and investment. A professional property management company will take care of all maintenance and property management issues.

Conveniences and fit-out

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Garden
Car parks
Elevator
Quality sanitary ware
Floor heating
Balcony or terrace
Furnished
Wood parquet flooring

Sanitary ware of famous brands
Triple glazed windows
Heating with individual control in each room

Location

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Gostenhof has become one of the most popular places to stay in Nuremberg in recent years. There are numerous shops, restaurants, pubs and cafes, and a vibrant cultural life. Easy access to the city center.

Getting a mortgage loan in Germany

Foreigners may apply for a mortgage loan amounting to 50–70% of the property value at 1.5–2% per annum.

If an applicant seeks a mortgage at a bank where the applicant already has had an active account in recent years, an approval will take less time as the bank will be able to quickly assess the applicant’s capacity to pay back the loan.

50–70_%

property value lent as mortgage loan

1.5–2_%

mortgage rate at a German bank

65_years

maximum permissible age of the applicant by the end of the loan term

20_years

average mortgage loan term

Discuss with a specialist

How to choose a rental apartment in Berlin

Choose the neighbourhoods with developed infrastructure, price growth potential, and high rental rates.

Set a budget and consider a mortgage Tranio recommends budgeting for at least 300,000€ and additional costs of 10–15% property price.

Consider several options to choose the best one. However, do not delay in booking a good property. The market is highly competitive, and another buyer might snatch at the apartment in a couple of days.

Svetlana Larionova,
Real estate expert in Germany

How Tranio helps to buy an apartment