Up to
+90%
Renovation costs deductible
renovation costs over 12 years
tax-deductible under §7i EStG.
Only
1,2%
of the real estate stock
Scarce availability protects
against price decline and creates value.
Up to
+15%
Rent levels
above average
of comparable locations.
The Right Property for Your Wealth Strategy
Every listed heritage property tells a story. But not every one fits yours. We help you find properties that are not only tax-attractive, but also match your values.
"Preserving history – protecting values."
Wilhelminian Townhouse
Architectural masterpieces from the Imperial era. High ceilings, elaborate stucco facades and locations in established residential areas. These properties combine historic charm with attractive heritage depreciation and long-term value stability.
Historic Townhouses
Prestigious properties in established neighborhoods with distinctive character. Exclusive living meets government-subsidized renovation. Ideal for investors who value prestige, substance and tax-optimized wealth building.
Listed Heritage Buildings
From lovingly renovated half-timbered houses to urban Wilhelminian-era apartments. Every property is unique with its own history. You benefit from tax advantages while investing in the preservation of cultural heritage.
Dr. Thomas Ulsamer
25 Years of Experience at Your Side
I do not work with hundreds of clients. I work with a select few. Intensively, personally and with the goal that your capital investment truly suits you.
As a specialist in real estate capital investments, I have guided hundreds of clients through their investments. From the initial analysis to the successful transfer of assets to the next generation.
Personal advice tailored to your situation
Access to a select network of partners
Long-term guidance for your investments
"For a select few, we do everything!" everything!“
Frequently Asked Questions
Your questions. Our answers. Transparent and understandable.
Who is a heritage property suitable for as a capital investment?
Heritage properties are particularly suitable for investors with a top tax rate of 42% or higher who want to benefit from the enhanced depreciation. Typical investors are managing directors, senior executives, freelancers such as doctors or lawyers, and entrepreneurs who want to optimize their tax burden while investing in value-stable tangible assets.
How does the tax depreciation under §7i EStG work?
With listed heritage properties, as a capital investor you can deduct up to 90% of renovation costs over 12 years for tax purposes – this corresponds to approximately 9% annually. In the year of completion, you additionally receive a special depreciation of 10%. For owner-occupation, it is 90% over 10 years. We recommend discussing the details with your tax advisor.
Do I have to handle the renovation myself?
No. The properties we broker are renovated by experienced developers in accordance with strict heritage protection requirements. You acquire a fully renovated property or a property with a fixed renovation concept. The coordination with the heritage protection authority is handled by the developer. You have no coordination effort.
What happens if I sell before the 12-year period ends?
If you sell within the 12-year depreciation phase, tax benefits already claimed can be partially reclaimed. Additionally, if you sell within 10 years, speculation tax applies to the profit. We therefore recommend a long-term investment horizon and are happy to advise you on the details.
Can I use the property myself?
Yes, owner-occupiers also benefit from the heritage depreciation. You can deduct 90% of renovation costs over 10 years. This makes listed heritage properties attractive for owner-occupiers who value character, location and tax advantages.
What requirements does heritage protection impose?
Heritage protection requirements primarily concern the facade, historic building elements and the external appearance. Interior renovation is generally carried out to modern standards including contemporary building services, bathrooms and kitchens. The requirements ensure value preservation and protect against arbitrary changes in the surroundings.
How do I find the right property?
We analyze your goals, your tax framework and your preferences together. On this basis, we present you with suitable properties from our network, often before they are publicly offered. This gives you access to exclusive properties that suit your situation.
Is heritage property investment worthwhile with a lower income?
The greatest benefits arise at a tax rate from 35%. With a lower income, a heritage property can still be worthwhile, for example if you expect rising income in the coming years or wish to use the property as a long-term retirement provision. We are happy to review your individual situation.