The standard land value
The land value determined for an address is an important building block in establishing the value of a property. The standard land value is the average price of the undeveloped plot per square metre in a particular location, derived from actual transactions.
It is a reference point, not a price: shape, servicing, developability and encumbrances shift the value of a specific plot up or down.
The official figures for Hesse are published in the BORIS-Hessen portal of the valuation committee.
Purchase costs in Hesse
| Item | Share |
|---|---|
| Land transfer tax | 6.0 % |
| Notary | around 1.5 % |
| Land registry | around 0.5 % |
| Agent's commission | (by agreement, shared) |
On a purchase price of 600,000 euros that comes to roughly 48,000 euros on top, usually payable from your own funds — banks rarely finance the incidental costs.
Check the current rates before going live — land transfer tax is a matter for the federal states and changes.
