Hanover Property Market and Real Estate Guide

(Hanover, Lower Saxony, Germany)

Aerial photograph showing HanoverThe modern German city of Hanover is quickly becoming one of the country's most popular tourist destinations, with visitors travelling from all over Europe to explore the Herrenhäuser Gärten and Zoo, to wander through the pedestrianised area of Kropcke and to take in a show at the magnificent Opera House.

Now is an excellent time to purchase property in Hanover and there are plenty of places available to buy, as well as to rent on long leases. Generally, homes in Hanover tend to be smaller than homes in the UK and the USA. The average price for houses with two to three bedrooms in Hanover is slightly higher than in most other parts of Germany. However, cheaper apartments and houses can be found by shopping around.

Located in the heart of the city, the Mitte district is one of Hanover's most desirable areas to buy and rent property. Of note, prices here tend to be among the highest in the city and those in search of cheaper options should look at the northern Vahrenwald district. Located beside a large lake, the Sudstadt district also has a range of excellent options.

Renting Serviced Apartments

Serviced apartments generally run to twice the price of standard apartments, since they are fully furnished and come with a wide range of modern conveniences. However, renters who sign a contract for six months or more may be able to get a reduction on their rent.

Serviced apartments generally feature all the comforts you would expect to find in a modern home, including en suite bathrooms, stocked kitchens and expansive living rooms. Many also come with shared facilities, such as swimming pools and gyms.

Buying Apartments and Houses

Purchasing property in Hanover is relatively straightforward for foreigners, since all the details are taken care of by an estate agent as well as a notary. However, additional fees need to be paid for these services and while commission generally runs to around five to seven percent, the notary fees cost up to two percent.

Relocation Service Deutchland recommends that foreigners contact the seller directly before the transaction has been completed, as they may agree to split the costs.

Real Estate Agents

Choosing the right estate agent to meet your needs is essential and it is important to take the time to select the company and agent who will guide you through the property process. Most of the larger estate agents have websites that can be browsed through before making contact. Of note, the majority of estate agents in Hanover speak a reasonable amount of English.

The following real estate agents specialise in locating property in Hanover:

Deutsche Messezimmervermittlung Ltd.
Address: Theaterstrasse 8, Hanover, D-30159, Germany, DE
Tel: +49 0511 228 7890
Email: info@deutsche-messezimmervermittlung.de
Website: www.deutschemessezimmervermittlung.de/en/hanover.html
This modern company specialises in locating serviced apartments for clients, but also offers a full range of property services.

Address: Hibernian House, 80A South Mall, Cork, Ireland, IE
Tel: +353 021 427 2000
Website: www.redfords.ie
Based in Cork, this group of professional estate agents specialises in finding property for sale and rent in Hanover and provides a wide range of services.

Home Company
Address: Weissekreuzstrasse 18, Hanover, D-30161, Germany, DE
Tel: +49 0511 19445
Email: hannover@homecompany.de
Website: http://hannover.homecompany.de/index.php?sp=en
Situated in the heart of Hanover, Home Company specialises in providing fully furnished apartments to buy or rent, while offering a good range of other services.