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Standard land value Magdeburg

If you are a property owner thinking about selling your land, the first thing you want to do is determine its value. The standard land value in Magdeburg indicates the average price per square meter for land in a zone with a similar use. If you multiply the area of your property by the standard land value, you will obtain the land value. This gives you an initial estimate of the average land price in your area. But who determines the standard land value and how reliable is it when determining the purchase price for the sale?

What does the standard land value say?

Every two years, the expert committee publishes the new standard land values for the city of Magdeburg. The valuation is based on past purchase prices. For this purpose, the city area is divided into standard land value zones. They differ from the Magdeburg districts or other known subdivisions. The guideline value zones are made up of properties with the same use in an area. Accordingly, a standard land value zone in Magdeburg can be smaller or larger. The nature of the soil, the environment and the infrastructure also have an influence on the standard land value. Incidentally, the expert committee considers all properties to be undeveloped. This means that the value of existing properties is not included in the calculation. The appraisers ultimately convert the average purchase price determined and the value-related effects of the aforementioned features to one square meter. This is then the standard land value, which is primarily used to calculate tax. The standard land value in Magdeburg is also of interest to property owners, prospective buyers and the real estate industry.

Who provides information on the standard land value in Magdeburg?

You can view the standard land value map and request verbal information free of charge from the expert committee at the State Office for Surveying and Geoinformation of Saxony-Anhalt. However, the relevant offices charge fees for written information or extracts from the standard land value map. You can find the standard land value for Magdeburg online in the German Standard Land Value Information System or BORIS-D for short. By selecting a specific address or looking at the map, you can find out the standard land value immediately. By clicking on one of the guide value zones, you will receive detailed information such as

Level of the standard land value for Magdeburg
Type of area: Core area, residential area,
Mixed-use area, commercial area, agricultural area
Development status: Land ready for building, land under development, redevelopment area
Type of construction: Closed or open construction method
Value-relevant number of storeys

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Do the land prices in Magdeburg correspond to the standard land value?

As mentioned at the beginning, the standard land value in Magdeburg is an average calculation within a standard land value zone. This value is just as valid for undeveloped plots with a demolished house on them as it is for a fully developed plot with an unobstructed panoramic view and mature trees. For neither of the two properties mentioned as examples does the standard land value correspond to the actual market value and thus the market value. While a demolished house reduces the purchase price, planting, views and the exact location are features that can significantly increase the property value. An existing development also increases the value compared to an undeveloped plot. In addition, smaller plots of up to 500 square meters generally sell for a higher price per square meter in Magdeburg than plots ten times as large, for example.

How do real estate agents in Magdeburg determine the property value?

The real estate company Engel & Völkers has been marketing fantastic residential properties, beautiful plots of land, well-located vacation properties and unique luxury properties since 1977. At more than 800 locations worldwide, our real estate agents work successfully on behalf of our clients every day. For this reason, Engel & Völkers has an unparalleled amount of data on sales of land and other real estate. Accordingly, the comparative value method is always our first choice for real estate valuations. The standard land value is generally only used by real estate agents when determining the price of a property if, in exceptional cases, no comparative data is available. In addition, we naturally take into account all individual factors that distinguish your property from comparable properties. Not to be forgotten are the other influences on the real estate market that make up the market value.

Selling a plot of land in Magdeburg with Engel & Völkers

The real estate markets in Germany's major cities have been particularly dynamic in recent years, with prices soaring in some cases. As the expert committee only calculates the standard land value in Magdeburg every two years, it is unable to take current developments on the local real estate market into account. As a result, land prices are often significantly higher than the land value. It is usually sufficient as an initial indication of the value of a property. And for prospective buyers, the standard land value is just as informative. They can use it to assess a purchase price for the first time or choose alternative locations in the city. However, if you sell your property on the basis of the standard land value, you may miss out on larger sums. Therefore, take advantage of the opportunity to obtain a competent real estate valuation for your property in Magdeburg from us. We will carry out the valuation and provide an informative initial consultation free of charge and without obligation. If you then choose us, we will usually market your property quickly and at an optimized purchase price. Get in touch with us right away.