Buying Property In Germany, Berlin
When we first mentioned Berlin as a possible destination for a foreign property purchase some people expressed a degree of surprise. However, Berlin is the place where many northern Europeans have chosen to make their home and do business since the unification of the country in 1989. In fact, Berlin is one of the cheapest capital cities in which to own property at present.
It’s not surprising really. Berlin represents excellent value for money compared to its neighbouring European capital cities . Then there’s the fact that because it is a capital city and there is a very high proportion of renters to owners, the buy to let market offers some outstanding opportunities.
Buy to let mortgages are available at Euro rates too! Put this together with the rising property prices and potential rental income on your property, and you can see why many people are purchasing property in Berlin.
We can offer you the best portfolio of property - a selection of beautiful homes in the most sought-after parts of Berlin. Townhouses, apartments, terraced houses and traditional dwellings are available for living or retirement or purely for investment.
10 good reasons to buy a property in Germany, Berlin
- For many years the property market in Germany has been in the doldrums. However, things are changing and fast.
- The number of people who own their own homes in Berlin remains relatively low. This is still a renters market, and renting is not seen as being socially inferior to buying property - people who can easily afford to buy property do not always do so, as renting is a great value.
- Berlin is easy to reach being less than 2 hours away from most regional UK airports, with low cost flights available all year round. Berlin has a cheap to use super integrated public transport system, which frankly outclasses almost all other European capitals – London included.
- The property market in Berlin is showing strong signs of recovery, with many foreign real estate funds making substantial investments here.
- Apartments in Berlin can be bought for a tenth of the price of similar properties in London and are even cheaper than several eastern European capitals, says Jane Slade in the Sunday Express. “Low property prices and historically low interest rates should enable [foreign] investors to enter the market without feeling they are risking much,” she adds.
- You can enjoy excellent cuisine, fine wines, a rich and varied history and culture, and sports and activities of every kind.
- Expect to pay as little as £110,000 for a two-bed apartment in Charlottenburg, but even less in the arty district of Prenzlauerberg in the former East Berlin. Here, two-bed apartments sell for as little as £50,000.
- Berlins history and its importance as a major European capital are reflected in the city’s architecture – there is nothing in the world like a Saturday morning stroll down Unter Den Linden, through the Brandenburg gate to the Reichstag.
- Berlin and other German cities currently offer top opportunities for both residential and commercial investors. Well maintained or renovated apartment blocks in medium to good locations of Berlin can be purchased at 1,000-1,500 euro/m2 (more for top buildings in prime areas), yielding 5-8% net. Un-renovated buildings in such locations can be had at 500-1,000 euro/m2, with yields (if tenanted) of up to 10%. Single apartments in popular areas cost 1,200-2,500 euro/m2 and yield 4-5%. Absolute top prices can reach 4,000 euro/m2, although this is rare. (To compare, prices in Paris, London, etc are rarely under and in many cases significantly over 10,000 euro/m2.)
- Berlin is the European city of arts, technology and fine culture.
Renting out your property in Germany, Berlin is easy and we can help you every step of the way
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Featured Properties
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Johann Sigismund Strasse, Berlin, Germany
1 bedroomed apartment just 2 minutes from the Kurfurstendamm - Berlins Oxford Street. In addition to this apartment others are available in the very impressive apartment building.
Price - €116,204.00
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