Jul 02, 2015
European property investors seeking a sure fire way to keep their Euros, Pounds or Dollars secure should take a long good hard look at property in Germany and in particular the city of Berlin.
2015 saw the German city play host to the two most powerful woman on the planet, Chancellor Angela Merkel and The British Queen. This meeting sums up the importance of the city. It cannot be ignored as a go to destination but also as a investment property hotspot. But whats really the truth about living, visiting and investing in Berlin?
I examine the good bad and ugly of Berlin as a place to buy real estate from an international investors point of view.
Which airlines fly to Berlin?
Before I look into this unique housing market I am already satisfied that acess and to this city is as easy as getting on a train or plane. The city is served by its own airline in the form of Air Berlin and you will find that some of the biggest airlines flying direct to Berlin: including
British Airways (BA) Germanwings Lufthansa flights Brussels Airlines, Vueling Airlines flights, KLM, Aer Lingus Luxair, Air France, Finnair, airBaltic Air Berlin, SAS, SkyWork, Swiss flights Alitalia, Air Serbia, Iberia, Austrian Airlines flights . More information at Skscanner
Over 3.5 million people,live in Berlin and is now Germany's largest city. It is the second most populous city and the seventh most populous urban area in the European Union.
Where on earth is Berlin?
Berlin is located in northeastern Germany on the banks of Rivers Spree and Havel, it is the centre of the Berlin-Brandenburg Metropolitan Region, which has about six million residents from over 180 nations.
Video Good and Bad about Berlin
Top 5 things to do in Berlin
1. Museumsinsel (or Museum Island) is the name given to a clump of five museums clustered on a tiny island
2. Viktoriapark is burrowed in the hipster neighborhood of Kreuzberg, Viktoriapark is a popular hangout for local Berliners especially in warm weather.
3. Memorial to the Murdered Jews of Europe, The Denkmal für die ermordeten Juden Europas, the Memorial to the Murdered Jews of Europe
4. Tiergarten sprawls from central Berlin westward and attracts all those looking for respite from the ... read more»
5. Brandenburg Gate Designed off the Acropolis' entrance in Athens, the Brandenburger Tor (Brandenburg Gate) is one of the most-photographed sites in Berlin
More at Best Things To Do in Berlin at USN.com
Berlin as a real estate investment city
Berlin moved to the first position – the third largest city by real estate investment in Europe (€2.9 billion for January-September 2014). Real estate in Berlin is on the "exceptionally low price level", and the earning opportunities are no less than in Munich, and it impresses those who do not want to risk. Migrants from all over the country and from abroad come to the capital, telecommunications and media industries are booming and they need large spaces.
Importantly experts are sure that due to pent-up demand the crisis will bypass Berlin: no matter how many houses and offices are built, there will always be buyers and tenants. The residential sector runs relatively smoothly for new construction,” according to Thomas Zabel, CEO at Zabel Property Group. "Although the procedure for building permits can be lengthy, property prices are buoyant.”
Experts All Agree on Berlin For Property Investment
Emerging Trends in real estate is a report created by PWC and The Urban Land Institutue, the repot helps to identify overpricing and housing markets to avoid. The report for 2015 placed Berlin as the number one place to buy real estate in Europe for investment. You can see this report here
The economic think tank Institut der Deutschen Wirtschaft reports that newbuild apartment prices in Berlin rose by 79 per cent between 2007 and the first quarter of 2014.
Exit opportunities are numerous both domestic and international property buyers are keen to get involved in the housing market in Berlin.
Safety when buying Berlin real estate
By law, houses older than 25 years must have new roofing, new windows and a new heating system. A professional survey on the standard of the property in question will help avoid unforeseen costs. An official surveyor (amtlich vereidigter Sachverständiger) from the local building office (Bauamt) can be engaged for this task. The process of having a property surveyed may differ from state to state within Germany. It is also possible, and often cheaper, to hire an architect privately to survey the property.
A public notary will then check whether there are any restrictions on the sale and use of the property. If both parties agree to the terms of the contract, the notary submits the change of ownership to the government books and the transaction is noted in the land register. Learn more about the legal process at Berlin.Angloinfo.com
Where to buy property in Berlin
Wherever you buy, you are unlikely to have much problem letting your apartment. Especially at the lower end there is an acute shortage of affordable apartments as the German boom continues, sucking in workers from all over Europe.The higher yields in all three cities come on the smallest apartments, and are caused by the fact that very small apartments are relatively cheap to buy. Over the last year the yields gap between Berlin and the other two cities has narrowed as rents have risen significantly in Frankfurt. Berlin remains much less expensive, but in terms of rental return-on-investment, there is no longer much
Selling Berlin Property
Berlin estate agents and homeowners all advertise on Europeanproperty.com to attract international investors and buyers, to start your Berlin property search see Berlin properties for sale.
To Find the German real estate agents use our directory
Author Nick Marr