Insider explains the Dilemma in spite of the low price is Why no one buys Karl Lagerfeld's Villa

Unobstructed river view, a huge garden, and gold leaf-decorated Ceilings – Karl Lagerfeld (deceased in February 2019) has it in his "Villa Jako" good to go. D

Insider explains the Dilemma in spite of the low price is Why no one buys Karl Lagerfeld's Villa

Unobstructed river view, a huge garden, and gold leaf-decorated Ceilings – Karl Lagerfeld (deceased in February 2019) has it in his "Villa Jako" good to go. Despite all the Benefits, the luxury property is a shop Keeper. Two agents failed in the attempt to market the Lagerfeld-Villa. to sell

you now finally, calls the third party brokerage firm for the first time, a single-digit million prize. But why is it that the fashion Villa will go away for years? Sebastian Wagner, founder of the real estate sales platform "house of gold explains," in an interview with FOCUS Online.

real estate expert Wagner: "Lagerfeld-Villa is getting on in years"

"For one thing, the target audience is for such expensive real estate is very pointed. There are not so many potential buyers come into question so even,“ says Wagner.

On the other hand, it would not have done it alone with the purchase price, because the Villa has its best time already behind itself: "The property is getting on in years, it corresponds to the modern Standards. So you have to put more time, more money, and continuously,“ says Wagner. Especially the Heating costs for extremely large property would be immense.

Lagerfeld-Villa in Blankenese: Also the monument protection could deter buyers

the monument protection, under which the Villa stands, could put off many prospective buyers. Because the means are often very labor - and cost-intensive modernisation work. Although the clean-up costs tax could be asserted: "But on the other hand, there is the factor that you have to vote on any Amendment to the monument protection office of the city. It is the brakes as the new owner of the house in his personal preferences in terms of design," explains the "house of gold"-the founder.

If the prospective buyer has to want it, after he already had to pay several million euros, is questionable.

real estate expert about luxury Villa: "'Lagerfeld Bonus' uses at some point down"

in the long term the Villa is not suitable in spite of the "camp atmosphere" just as a store of Value. To have "only to you, it is too expensive. And eventually, the Lagerfeld will wear out Bonus. As a long term investment it will be with the property, therefore, even more difficult,“ explains Wagner.

The price for the Lagerfeld-Villa Wagner in view of the situation in Hamburg-Blankenese, large surface area, and the "Lagerfeld-Bonus keeps", however, is appropriate. Ultimately, however, the demand would determine the value of the property: "At the end of the Villa is exactly as much value as someone is willing to pay for it. Thus, any price is justifiable, provided there is a buyer,“ says Wagner.

buy luxury properties: the target group is while Corona is rather restrained

That is only due to the Corona-crisis so far, no buyer has been found, the "house of gold"-the founder. Finally, Corona had been no negative effect on the real estate market. "However, the audience that could afford such a property is, in the case of such investments, especially if it is for Hobbies, currently rather cautious," notes Wagner.

Finally, the markets were due to the threat of a prolonged recession associated with significant uncertainties.

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the sale of the Villa is also a question of the agent

the sale of The Villa but is also a question of the broker. Because should turn out to be the property continuing as a shop Keeper, you could just try to find the most suitable broker: "One who is familiar with exactly in the target group, contacts, and a similar object in the category has successfully sold," says Wagner.

And then, if really no one wants to have the Lagerfeld-Villa, should be reduced the price further and further. The dream of Living, as Lagerfeld was once a privilege, is he close enough to touch. For a few, at least.

Sebastian Wagner is the founder and managing Director of house of gold. Since its inception in the year 2014, the company has developed into one of the leading companies in the specialised broker-placement in German-speaking countries.

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Updated Date: 18 July 2020, 02:26

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