![]() |

It’s a city of parks. The Colombi-park is like a vineyard, and from the Stadtpark you can ride cable cars to the Schlossberg’s wooded summit for views over the city and its lacy cathedral. With 50,000 students seeking accommodation, Freiburg has a lively letting market. Anne, in Holtz Immobilien, explained that a studio apartment of 350 square feet costs from $48,000 to $112,000, depending on the area. Outside the Altstadt, Wiehre is Freiburg’s most desirable neighborhood - a 1,370-square-foot apartment here was listed for $363,500. She also had a detached house (1,730 square feet) for $471,000. Immobilien Schlimgen’s window featured a lovely modern home styled like an old-fashioned Black Forest farmhouse. Priced at $282,500, it is reasonable for this area. As luck would have it, I’d honed in on what must be Germany’s only realty office without an English-speaker. Nevertheless, my German just about stood up to the test - Herr Schlimgen told me the property was in the Elztal valley, 20 minutes driving time from Freiburg. Built in 1991, living space amounted to around 1,600 square feet and included a separate studio under the roof, which could be rented to vacationers. Holtz Immobilien
(Anne von Oppel), Eisebahnstrasse 64, 79098 Freiburg-am-Breisgau; tel (49)761-560-00;
fax (49)761-560-01; e-mail: a.v.oppel@holtz-immobilien.de;
website: www.holtz-immobilien.de.
Reach the Vita Classica Spa by strolling through the village’s huge Kurpark...everything a park should be. Walking and cycle paths meander to more Black Forest villages...flower-hung bridges lead over a gurgling stream...there are elaborate displays (half topiary, half flowers) in the shape of peacocks...open-air classical music concerts...mini-golf and a playground for kiddies...tennis courts and an archery practice range...the elegant Kurhaus café restaurant...and the Kurhaus itself, which hosts everything from dances with “Vienna Opera Ball Atmosphere” to tango and rock’n’roll nights. The spa isn’t a run-of-mill outdoor bathing area in the woods full of splashing kids. (And be warned, a lot are.) No, Bad Krozingen is up towards the serious end of German Badekultur, though it’s not compulsory to do anything other than relax. Complete with a grassy sunbathing area, it has a large outdoor pool - the perfect place to spend a summer afternoon. Here you can get vigorously pummelled by jets of thermal water...and I do mean pummelled. The jets almost knocked me off my underwater perch. I imagine it would be a great place to visit in winter, too. There are also three indoor pools (one heated to 96 degrees F), a ‘Sauna-Paradies,’ and all kinds of health treatments. A day-ticket costs $14.50; massages start at $20. Admittedly if you’re only looking for a watery dip, the Vita Classica is more expensive than ordinary Strandbads - which usually charge a $3 entrance fee. However, it is far more luxurious and adult-orientated. The few kids here were very well-behaved, not frolicking like boisterous puppy dogs. There are a
couple of realtors in the village, but as I visited on a Saturday, they
weren’t open. The cheapest Bad Krozingen property I saw at the time was
a 700 square foot apartment in a residence with a garden for $156,250.
I later discovered that Holtz Immobilien in Freiburg had some properties
here. There’s also listings from realtors and private sellers in the regional
newspaper, the Badische Zeitung. Samples include a 275 square foot studio
in a renovated Altbau (older-style building) in Bad Krozingen for $48,200.
A larger apartment of 825 square feet in a similar-style village house
is $146,300.
Mysterious Wildwood Take the train from Freiburg to Titisee, and you’ll pass through Himmelreich (heaven). For forest lovers the landscape is otherworldly - here you’re deep in the mysterious wildwood. Just past Himmelreich, a magnificent bronze stag stands guard on the steep wall of a gorge. It’s known as the Hirschsprung (Stag’s Leap) and legend tells of a stag jumping the abyss to escape a huntsman. Whether from fear of who (or what) lurked in the bosky hills, it was the Romans who first gave the Black Forest its name - in Latin, silva negra. I’m sure I’m not the only one who has found themselves on a path without another hiker in sight...and started musing on the fate of Little Red Riding Hood. By the way, the original version was horrific: Not only was she ate by the wolf, she was raped first. But there’s nothing scary about Titisee. The Black Forest’s largest natural lake, its lakeshore has developed into a busy little resort. There’s skiing in winter and the lake usually freezes solid, creating a natural ice-rink. However, although it’s neat and pretty, it’s on the coach tour trail...too many shops selling cuckoo clocks for my taste. That said, it’s easy to escape the crowds if you decided to vacation here. At least a dozen walking trails lead off into the forests. Nor is it overly expensive - at the lakefront’s Boothaus bar-café I had a monstrous plate of bockwurst (sausage) and potato salad for $5. I didn’t find any realtors - but I should have bought the Badische Zeitung beforehand. From that, I later discovered there’s one in the new part of the village. For more information, contact: Sparkasse Hochschwarzwald Immobilien, Am Postplatz 6, D-79822 Titisee-Neustadt; tel. (49)765-1900-174. Offers included a 580-square-foot apartment for $75,000 and an 11-room chalet-style home for $422,000. SIDEBAR: Purchasing Costs If you intend buying in Germany, estimate 10% for additional costs - agent’s commission fee, property transfer tax, notary fee, and additional adminstrative costs. The bulk of this extra money goes on property transfer tax (3.5% of purchase fee) and agent’s fees. No specific law regulates commissions, though it’s usually between 5% and 7% of purchase price. This commission fee is usually split between buyer and seller, though in some cases either party may agree to pay the agent’s fee in full. Sidebar: Where To Lay Your Head In Freiburg, I checked into the Park Hotel Post, an old-fashioned family-run hotel. Less than a five-minute stroll from the Altstadt, it’s beside the Colombi Park and guests are welcomed with a glass of Sekt. Including breakfast, singles cost from $93, doubles from $120. Contact Park Hotel Post, Eisenbahnstrasse 35/37, 79098 Freiburg; tel. (49)761-385-480; fax (49)761-316-80; website: www.park-hotel-post.de SIDEBAR: Why Germany? Why have we decided to feature Germany - the Black Forest and beyond? It’s a country we rarely cover, largely due to its reputation for being expensive. I wondered
if that reputation were justified. While Germany is still regarded as Europe’s
economic powerhouse, growth has slowed almost to a standstill in recent
years. And even if the reputation is deserved, would adding a German property
to your portfolio represent a good investment? After all, many expats rent
homes here...some even decide to buy. These aren’t generally retirees -
they’re mostly people sent to cities like Frankfurt on company assignments.
But there’s nothing to stop any U.S. citizen buying a home in Germany.
He also says that while there are few market price fluctuations, demand for choice locations remains high. New German homeowners often spend two years finding their ideal home. “Bearing this in mind, it’s wiser to invest in properties in the better areas of town. The initial price may be higher, but the investment will be worth more in the long run.” The quality mark So far, so gloomy? One upside is that you’ll get exceptional quality for your money...looking at new building work in areas I visited on this trip, I could see that materials were of a high standard. Plus the workmanship seemed first-rate. Germans build to last. You can’t always say the same about building standards and materials in many parts of southern Europe. Properties are expensive when compared with rural France, for example…more comparable to prices right now in Ireland. However, in my view, Germany represents far better value than Ireland. And although you’ll find cheaper locations than the Black Forest and the Bavarian Alps, these are two of Germany’s most desirable areas...particularly for seniors seeking a homegrown retirement location. Even though it often seems like it at times, not all German retirees buy homes in Spain. One general recommendation: If you’re interested in owning, investing, or residing in Germany, confine your search to the former “West Germany.” Herr Talkenberger warns that the promise of high returns after reunification wasn’t realized in the former East Germany. Commercial and retail premises stand empty in the East...and a lot of German investors got their fingers badly burned. And the summer floods can only have added to these woes. Lucky for me, the Black Forest and Frankfurt weren’t affected by Fluten damage. Most of the worst flooding happened in the old East Germany...places like Dresden. That said, I think buyers should look carefully at where a property is situated anywhere in this country. If any of the talk you hear about global warming proves true, any riverbank home may prove to be a liability. SIDEBAR: The Angst Factor Germans are among Europe’s top-paid workers, but the country has one of the EU’s lowest home-ownership rates. Only 42% of people own property - the majority prefer renting. Why this is so is something of a mystery—and it can’t simply be put down to property prices. You’ll pay the same (or more) in Ireland, where over 80% own homes. Some of this reluctance to invest in real estate is linked to the angst factor. A pessimistic streak runs through the German psyche: fear of unemployment is never far away. Should that happen, the State will pay the rent...a jobless citizen won’t be thrown on the street. However, the State isn’t so generous toward home-owners. Another point...Germans rarely “flip” properties. Buyers usually stay in the same house for life. Unlike in Britain and Ireland, there are no housing booms and busts with steep rises (and subsequent falls). You’re unlikely to lose money buying in Germany - but don’t expect to make juicy gains over the short to medium term either. Mainhattan I kicked off my trip among the skyscrapers of Frankfurt-am-Main, one of Europe’s major banking and commercial centers. No spelling mistake - the city is nicknamed “Mainhattan,” because it sits on the River Main...and its skyline could be straight from a North American city. Although its history is ancient, the center feels ultra-modern. Little evidence remains that it once boasted the country’s largest medieval quarter...bombed to oblivion by the Allies in World War II. And while it’s certainly not the Germany of popular imaginatio - all oompah bands and stout men in lederhosen shorts - its wide streets and airy parks suggests it’s a pleasant place for expats to live and work. Opera, theater, concerts, quality restaurants - and wonderful shopping, too. The engine room of corporate Germany, Frankfurt is home to an array of multinationals as well as the European central bank. Like Munich and Berlin, it’s mostly an apartment city. Market rates are $280 to $375 per square foot. For family homes within commuting distance of Frankfurt - and here commuting can mean a 90-minute drive - you’re talking $250,000 to $500,000. Detached homes in the most scenic parts of the Black Forest and Bavaria also attract similar prices...and elsewhere few family homes cost less than $180,000. Even the smallest piece of land fetches around $150,000 - and you’ll generally pay the same again to build a simple one-family home. Overall, Germany’s property market has been static in recent years, but Frankfurt has posted increases of 7% to 8% in the last four years. “You don’t have to watch the market - and rises are very steady,” says Peter Talkenberger of Allgrund, an agency specializing in sales and rentals for non-Germans. Fine if you’re seeking stability, but the market is small, tight, and priced accordingly. Very much a working city, its population only numbers 680,000...and with 550,000 work places, unemployment isn’t a problem. Consequently everybody wants homes in the inner city...until they start acquiring kids and need a “family house.” Apart from a couple of small areas around the two main railway stations, nowhere in Frankfurt is considered undesirable. The most sought-after neighborhood is Westend, close to the banking district, but also take a look at 19th-century quarters such as Sachsenhausen, Bockenheim, and Bornheim. Frankfurt’s rental market is also tight. On average, 20 people chase every apartment advertised. Landlords can pick and choose tenants - and I’m told few want families with kids. Many expats don’t necessarily look for furnished apartments. It often makes more financial sense to rent unfurnished and buy a stack of flat-pack furniture from IKEA. Rates are $1.25 to $1.70 per square foot for unfurnished apartments and $1.40 to $1.90 per square foot for furnished. Sample Sales And Rentals * In Rödelheim,
there’s a 645-square-foot apartment in a residence built in 1991. Carpets
and modern furniture are included in the sale. The agents state it’s ideal
for renting to short-term tenants: business people from the banking and
IT sectors who want to be near their workplace. By S-Bahn (right outside
the door), travel time to the Stock Exchange is about five minutes, and
it’s five to 10 minutes into the city. Price: $145,000 plus $12,000 for
a parking lot.
Contact: Allgrund (Irmi and Peter Talkenberger), Freiligrathstrasse 14, 63303 Dreieich, Germany; tel. (49)700-1010-7000; fax (49)700-1010-7001; e-mail: relocate@allgrund.com; website: www.allgrund.com. In Frankfurt,
I stayed in the Metropolitan Hotel, Munchener Strasse 15; tel. (49)69-242-609-0;
fax (49)69-242-609-99; e-mail: Metropolitan-Hotel@t-online.de.
It’s nothing exceptional but it’s clean and central. Including breakfast,
singles cost from $72, doubles from $94. (Watch when you visit Frankfurt.
During trade fairs, all city hotels charge astounding rates—at the Metropolitan,
singles can actually be as high as $220 per night.)
|