ERFURT

EUROPAKARREE · CONSTRUCTION PHASE G

The last building in the neighbourhood —
a modern residential building
with five floors in
Erfurt’s Gispersleben district
44 apartments
from 37 to 83 m²,
39 of them suitable for older residents,
purchase prices from €218,800
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State capital and largest city of Thuringia with approx. 215,000 inhabitants
The daily net inflow of commuters is approx. 23,450
Lovingly designed outdoor areas with lots of playgrounds in the neighbourhood
The building permit was granted on 04.03.2026
KfW Efficiency House 40 with the German Quality Seal for Sustainable Buildings (QNG), energy efficiency class A+

FROM €218,800

Purchase price

44

Apartments on five floors

37 – 83 m²

Living space — 2 to 3 rooms per apartment (incl. living room)

39

Apartments suitable for older residents — permanently secured by a public-law building encumbrance
DOUBLE DEPRECIATION

5 % + 5 %

declining-balance depreciation for new builds and special depreciation (Sec. 7b German Income Tax Act)
GROUND RENT (ERBBAUZINS)

AROUND €0.70/m²

of living space per month — expected value for 2028, payable quarterly

The project facts

39 apartments are designated for age-appropriate living: barrier-free access, no thresholds or steps in line with DIN 18040-2
39 age-appropriate apartments to DIN 18040-2
Level-access showers with non-slip tiles, 120 x 120 cm, with grab rail; the bathroom door opens outwards
Level-access showers 120 x 120 cm
Solar panels on the roof and insulated façade
Solar panels and insulated façade
Initial letting guarantee if let to tenants: the seller pays the forecast minimum base rent for a maximum of six months
Initial letting guarantee for up to six months
The purchase contract guarantees turnkey construction at a fixed price; the seller bears the risk of any later cost increases
Fixed-price guarantee, built turnkey
Visualisation of a kitchen-living room with seating area and a wall of windows
Visualisation of the street side of the building with trees
Visualisation of a terrace with a laid dining table and hedge

WHY ERFURT?

The housing vacancy rate is below 2%, and further population growth is forecast for the coming years.
The housing vacancy rate is below 2%, and further population growth is forecast for the coming years.
One of Germany’s most important ICE high-speed rail hubs and the A4 and A71 motorways make Erfurt a major crossroads. Leipzig is 140 km away, Berlin 300 km.
One of Germany’s most important ICE high-speed rail hubs and the A4 and A71 motorways make Erfurt a major crossroads. Leipzig is 140 km away, Berlin 300 km.
The Gispersleben district has around 4,700 inhabitants. Schools, nurseries and medical facilities are close by, and the tram stop is within walking distance.
The Gispersleben district has around 4,700 inhabitants. Schools, nurseries and medical facilities are close by, and the tram stop is within walking distance.
Aerial view of Erfurt’s old town

SMART LIVING MADE EASY

Well-designed compact floor plans and bright rooms facing east, south and west
The apartments come with a fitted kitchen
A terrace, outdoor seating area or loggia for every apartment — the recessed loggias create sheltered summer rooms
Efficient heating from a brine-to-water heat pump using geothermal energy
Smart home package in all apartments: blinds, lighting and room temperature can be controlled digitally, plus video intercom and digital locking system
176 bicycle spaces — the 15 underground parking spaces are located in construction phase F
Visualisation of a living and dining area with balcony door
Visualisation of a bedroom with access to the balcony

THE NUMBERS BEHIND THE INVESTMENT

Double depreciation: 5% declining-balance depreciation for new builds plus 5% special depreciation (Sec. 7b German Income Tax Act).
Rental income — usable as passive income for retirement planning
Subsidised KfW loan from programme 298
Depreciation (AfA) on the entire purchase price, as there is no conventional land share
Initial letting guarantee if let to tenants, for a maximum of six months
The ground rent (Erbbauzins) is tax-deductible
Property management (for the owners’ association) is handled by immokontur GmbH & Co. KG
COMPLEX
Five-storey apartment building
A lift connects all floors
Basement with bicycle spaces and storage cellars for each apartment
Five-storey apartment building
A lift connects all floors
Basement with bicycle spaces and storage cellars for each apartment
ENERGY
KfW Efficiency House 40
German Quality Seal for Sustainable Buildings Plus
KfW Efficiency House 40
German Quality Seal for Sustainable Buildings Plus
PLANNING STATUS
Building permit granted
on 04.03.2026
Building permit granted
on 04.03.2026
COMPLETION
Guaranteed in the developer’s purchase contract (Bauträgervertrag)
the prospectus does not state a date
Guaranteed in the developer’s purchase contract (Bauträgervertrag)
the prospectus does not state a date
LEASEHOLD (ERBBAURECHT)
75-year term from registration on 05.03.2020
The landowner is the Protestant parish of Erfurt-Gispersleben
75-year term from registration on 05.03.2020
The landowner is the Protestant parish of Erfurt-Gispersleben
NEIGHBOURHOOD
Construction phase G completes the Europakarree
Most of the neighbourhood has already been built
Construction phase G completes the Europakarree
Most of the neighbourhood has already been built

A VIBRANT CITY THAT FEELS LIKE HOME

The Lebenshilfe Erfurt e. V. neighbourhood centre is centrally located on the ground floor of the neighbouring building.
The Thüringenpark shopping centre and the Polyklinik Nord medical centre are nearby.
A home emergency call system can be arranged separately through a service contract.

THE PLOT IS HELD UNDER A LEASEHOLD (ERBBAURECHT).

You buy the apartment, not the land. The contract includes an option to extend once the 75 years have expired.
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