Hi everyone,

I was curious and looking at houses for sale in Germany and shocked to see a 5 bedroom house for not even £200k.

Does anyone know if the area is bad or dangerous? Why is it so cheap?

by Additional-Boss3990

36 comments

  2. It’s a town with less than 1000 inhabitants.
    https://en.wikipedia.org/wiki/Peterswald-L%C3%B6ffelscheid

    never heard of it before, to be honest.

    but here is probably one of the reasons why it is “cheap”:
    > Only 5 km southwest of Peterswald-Löffelscheid lies Hahn. The constituent community of Löffelscheid lies within the Frankfurt-Hahn Airport noise protection zone, and is therefore subject to a certain amount of noise

  3. Maybe you rent the land…, there are too many things, curious to hear others too

  4. In a really small village with nothing going on, and the energy ausweis is probably very poor (not positive but likely). It would cost 200.000€ to modernize the insulation. Not dangerous or anything.

  5. It’s in a pretty rural area of Germany.
    Seems to be a small town.
    Prices like this are not unusual in these areas

    It could be so cheap because it needs maybe new things like a roof, a new heating system etc.
    So many further costs could come up to you.

  7. Contrary to popular belief, there are plenty of affordable houses, just not in the fancy places everyone is fighting for.

  8. from a look on google maps it looks very rural. Since I dont know that area personally could be that the closest schools and supermarkets are a few kilometers away. also the village has no train connection. And the closest cities that I have heard about in the area, Trier and Bitburg, are both over an hour car drive away.

  9. It is in the middle of nowhere… In Rhineland Palatinate.
    In the Moselvalley but according to Google Maps the furthest away from the River Mosel. it is possible)

    But mooving there you can Reserve the License Plate COC – K and a Number, if you want… (as the Kreis Cochem-Zell has the Licenseplates COC.)

  10. It is in the middle of nowhere and that is why it is so cheap.

  11. It’s in bumfuck nowhere AND it’s in the flight corridor of an international airport.

  12. Well. For real estate pricing you basically have three factors:

    1. Location
    2. Location
    3. Location

    That village could also be named Bumfuck, Nowhere.

    It’s a village with < 1000 residents, 1 hour by car from anything resembling a city.

  13. Pretty rural, massive investments into energy and heating needed (class H currently) and the last renovation indoors was done nearly 20 years ago.
    Other than that: there are certainly areas where you find cheap houses.

  14. Houses in rural areas are often very cheap. This one is in a small town without any shops. Furthermore, the house has a very bad energy rating and a quite old heating appliance. Which means you would have to invest some money to get it up to modern standard or else pay high heating costs.

    Edit: For the sake of forther discussions, here is the house [Haus 231 m² 229000 € zum Kauf Peterswald,Peterswald-Löffelscheid (56858)](https://www.immowelt.de/expose/0561a8ea-bdfa-416f-944a-80d384b7697c?ln=classified_search_results&serp_view=list&search=distributionTypes%3DBuy%2CBuy_Auction%2CCompulsory_Auction%26estateTypes%3DHouse%2CApartment%26locations%3DPOCODE4043%26order%3DPriceDesc&m=classified_search_results_classified_classified_detail_L)

  15. couple things why something like this might happen:

    * rural, things you need like supermarkets, doctors are far away
    * no or bad public transport available
    * cheap houses in rural areas are often no longer complying with current environmental laws and need a mandatory expensive remodeling in some areas like heating and insulation that might be double the price of the house
    * depending on how old the house is you may not be allowed to change certain things which might conflict with mandatory renovation or make it extra expensive
    * depending on age there might be asbestos you need to get rid of
    * very old and rural buildings are often vermin infested, hard to impossible to get rid off
    * mold might be an issue as well
    * price might be listed excluding additional fees you’ll need to pay like commission, notary fees (very expensive in Germany compared to other countries), common trick to attract buyers who don’t know what buying property entails
    * might be in an area that regularly floods or has other environmental issues or suffered damages during a flood
    * might be a scam since Germans offering property to buy especially outside of major cities keep their offer in German. If it’s available in other languages online and not from a selection a real estate agent of your choice puts in a portfolio made for you, be very careful

  16. How much are the houses outside major cities? frankfurt, munich, hamburg etc

  17. As well as other things mentioned you find often properties that need total renovation are priced low to seel.
    This 200k property may take another 500k to renovate if you need to gut it and replace heating, pipes, rewire & god knows what else.

  19. It’s not a bad neighbourhood, my mum lived in this area for about a year. It’s mostly old people. The younglings have left for other cities. It’s very peaceful, atleast a few years ago, it was.

  20. It’s in the middle of some asshole with absolutely nothing around.

  21. The area is next to nowhere but still rather loud. You’ll basically need a car for everything. There’s no supermarket, not even a gas station. There’s not even a school there if you plan on having kids.

  22. Rural, dead or soon to be dead village, no shops and old building with who knows what wrong with it.

    You will need a car, maybe two if you fill the house with a big family. There are always reasons these places go for the price they do.

  23. You will find houses in a better location for about the same… Be prepared to spend the same amount on renovation. Unless you don’t mind 40 year old toilets.

  24. prob no infrastructure .. super old heating system, old windows etc..

  25. Where is the place though? And what condition is the house in?

    EDIT – total population – 765…

  26. You can get a lot of really cheap real estate in germany, but only in rural areas with terrible public infrastructure… 

  27. Where my wife is from, 45 mins outside Frankfort, is a nice suburb to a medium sized city and a nicely finished home of this size would be more like $600-800k depending on a hundred things I can’t see from the picture

  28. Low house prices are usually one or more of the following: Middle of nowhere (as this one is), fixer-upper (which covers a lot of ground), or going to auction because owner could not pay their mortgage, and you will have to bid with very little info about the place.

  29. Im selling a old house where two families can live in the moment in the middle of nowhere. Could be yours for under 100k. But there is a lot of things to do so you can life comfortably there.

    The biggest factor is where the house is. Mine i sell is in a small town (~600 inhabitants) in a rural setting. Not too much jobs around and you need like a hour to Cologne.

    The same house but in even shittier condition placed in cologne would be 5-600k, because the place its built on is expensive by itself.

  30. That house is in the Eifel, at the far west of Germany. It is actually a really nice area to live with decent infrastructure.
    But the downside is, that bigger cities are a bit far off. You need to drive a lot, so most people are commuters there.

    The region is mostly about touristics, foresting, agriculture and live stock farming.
    But there is also lots of industry, like paper- mills and saw-mills. A lot of retail businesses.

    The Eifel was one of the poorest regions and had bad infrastructure in earlier days, but after WW2 it started to gain.

    I am originally from the Voreifel/Rureifel area and I saw that region grow over the last 5 decades.

    You’ll have a deflnately superb life quality there. Beatiful surroundings, a big national park, naturenaturenature….nice mountain sites, castles here and there, pitcturesque little villages, lakes and creeks and rivers. Life is great there.

    But: its a remote area. If you like that – Eifel is great.

    Houses and land are still “cheap” there. You find decent houses, fully modernised or at a still-ok level, starting sometimes at about 50K Euro. Or like the one OP posted. Pretty common there. Eifwl had, or even still has, a demographic change. The old just died, the ylung settled in the cities, so houses flushed the market. Demand was long time way smaller than supply. But this is changing fast since the last 20 years.

    Best times are over, as it is a growing region, where lots of people settled in the last 2 decades. But the prices are still great compared to other regions, especially more rural areas.

    My brother built his house 5 years ago. He paid 36K for the 1000m2 land and 300K for his marvellous 180m2 house in the Rursee region.

    That is Eifel. 🙂

    The next big cities are cologne (about 0,5-1 hour drive), Aachen, Koblenz, Trier and you are even fast to the Frankfurt area.

  31. I wonder, if you start moving up North from this location: do the prices get significantly more expensive? That area there, around the river Mosel/Moselle, being so popular with tourists I mean. Lots of vacation homes.

  32. You can buy habitable houses for less than 100k. But they are usually located in places that are both remote and offer little economic opportunity locally.

  33. Yeah this is an area where not much is going on and you can find good deals there. But be ready to be in bfe

  34. 1. Close to an airport so some people wouldn’t want the noise (although the airport in question is hardly Heathrow or Frankfurt and only gets about 20 flights a day)

    2. It’s in the middle of nowhere, so you’d need a car or cars and there’s not much to do around there.

  35. Noise, no infrastructure and probably old building you need to invest in.

  36. In my area you can get similar or even bigger houses for less.

    Quiet area that is great for kids, 1 gigabit internet BUT you need a car for EVERYTHING. We have supermarkets like ALDI and LIDL here but except of that nothing but a few “hole in wall” bars for the alcoholics plus a few food delivery places.

    If you and your wife are both working, then you’ll need 2 cars because it takes 30 minutes with the bus to reach just the nearest small city where you probably won’t work. Your daily commute will be more like 1.5 to 2 hours in total if you want to find well paid work.

    And the area around Frankfurt-Hahn, where this house is located, is even more out in the sticks than my area. All your neighbors would probably be old people that are just waiting to die.

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