Berlin is one of the fastest, if not the fastest, growing property market in Europe. Prices, though rising fast, are still lower in comparison to those prevailing in other cities in Germany or elsewhere such as Rome or London.
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2. GREEN FIEND
Berlin is one of the fastest, if not the fastest,
growing property market in Europe. Prices,
though rising fast, are still lower in comparison to
those prevailing in other cities in Germany or
elsewhere such as Rome or London. For an
investor, Berlin still offers plenty of chances to
make profits or get assured returns on their
investments if they consider formulating a
strategy in consultation with a local Berlin
realtor. Investors considering investing in flats for
sale Berlin brokers offer must think of a suitable
strategy before snapping up the first available one
because they know there are many buyers. The
demand is high as more people move into Berlin
and the city grows as a trade centre. Investors
also have the option of purchasing existing flats
for sale in this city or buying flats under
construction known as off plan.
1234 Sample Street, Anytown, St. 12345 GREENFIEND
3. GREEN FIEND
Ready to sell flats in Berlin City
You buy a flat that is part of a condo and thus
become part owner. Even if these old apartments
located in some of the best areas of Berlin such as
Mitte and Charlottenburg-Wilmersdorf priced at
around Euro 3500 to Euro 5000 per square meter
are available. Flats in these as well as the more
affordable sections of Spandau and Lichtenberg
where prices are 50% lower, may appear to be
attractive investments and investors may hope to
make a profit but what happens is that they pay
legal fees, costs of repairs and other charges, that
raises their investment.
1234 Sample Street, Anytown, St. 12345 GREENFIEND
4. GREEN FIEND
If they do sell off the flat, their return is low or
almost nil. On the other hand, rentals are
skyrocketing in Berlin and with the assistance of a
Berlin realtor, they could go in for short-term
rentals or lease with intent to buy arrangements
that fetches assured returns on investments.
Then there are other not so well known facts about
flats in Mitte where prices show variations. Pre-war
properties attract a premium. Flats built
during the cold war era when Berlin was part of
the GDR were generally inferior in quality and if
investors buy into such property they will be
straddled with huge costs or face difficulty in
selling. Prices of apartments built after the fall of
the Wall are higher because of better construction
quality.
1234 Sample Street, Anytown, St. 12345 GREENFIEND
5. GREEN FIEND
Off Plan or Flats under Construction
Off plan flats or flats under construction in new
upcoming projects may be more desirable from an
investment point of view. The construction
adheres to current regulation in terms of building
safety, parking and energy efficiency, all of which
do influence renters and buyers should the investor
wish to rent out or put the flat up for sale. It is also
much easier to dispose off the flat at a higher price
and make a profit. Old versus new is just one part
of the entire investment strategy when investors,
especially those from abroad, wish to take
advantage of the current upswing in Berlin realty
market. The best way is to have a local Berlin real
estate agent take charge.
1234 Sample Street, Anytown, St. 12345 GREENFIEND
6. GATE Berlin property
invest GmbH
Kurfürstendamm 30
Berlin 10719
Germany
Phone: +49 (0)30 327 66
540
Email:
info@gateberlin.com