Top Location in Berlin to Buy Apartments by Gate Berlin

Sunday 17 April 2016 | 0 comments

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Germans are traditionally renters. They prefer to rent apartments instead of buying them. This is evident in cities across Germany, especially Berlin. Berlin, with its high influx of migrants from other parts of the world, has a high demand from renters and this demand is driving rentals skywards. Rents in Berlin are rising by 2% annually and, in the prized locations of the city, the rate is higher as availability shrinks and demand soars. Rents would be even more if it were not for the laws that prohibit rent being charged that is more than 10% the average for property in that location. This is an indicator of the high demand for property in Berlin.  Properties in pushes locations that go for around Euro 4500 to 6000 currently can expect a price appreciation up to Euro 10000 in the next decade.

Buying property in Berlin is a sound investment strategy from the rental perspective alone. Even otherwise, with soaring property prices, if an investor buys today and sells a few years down the line either directly or through a lease-purchase agreement, he stands to gain considerable capital appreciation. Meanwhile, the property fetches handsome rent that not only covers mortgage and maintenance but also enough left over for the investor. The key to obtaining optimum returns on property investments is to look for Berlin apartments for sale in the right locations. As they say, location is everything in property investments and this is true for Berlin. This is where knowledge and expertise of a local realtor makes all the difference. Gate Berlin, a specialist in Berlin property purchase and sale with additional expertise in providing tactical investment consultancy, helps investors, especially foreign investors, land the right Berlin apartments.
Gate Berlin, with its team of property and legal experts, offers strategic consultations and helps find the right Berlin apartment for sale in the right locations. Apartment prices vary greatly. Mitte tops in property prices in Berlin with prices averaging around Euro 3588 with Charlottenburg-Wilmersdorf a close second at around Euro 3300. Luxurious, old apartments, well renovated and furnished can fetch as high as Euro 5500 per square metre in the prime locations. The question for an investor is whether he should invest a large sum in prime locations or should he invest the same amount in more affordable priced apartments in areas such as Lictenberg, Spandau and Marzahn Hellersdorf where prices around Euro 2000 or less prevail?

The advantage of prime locations is that the apartment will always be in demand by people looking to rent apartments and it will fetch a handsome rental, the rental laws notwithstanding. On the other hand, investing in upcoming apartments means an investor can spend less or use the same money to buy bigger apartments in Berlin and rent them out. With Gate Berlin’s assistance an investor can find new and upcoming projects to invest in or even buy ready to move into apartments constructed in Schoneberg or Templeholf, for instance. Gate Berlin professionals keep tabs on apartments for sale and can help a potential investor zero in on the property of his choice at short notice besides completing formalities and then providing asset management assistance. Gate Berlin’s involvement makes all the difference between nominal returns and handsome returns as well as capital growth.