You Never Thought That Buying Property in Berlin Could Be So Beneficial

Sunday 10 July 2016 | 0 comments



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The simple mantra to making a profit in real estate is to buy in a rising market, hold and then sell. Berlin is one of those cities in Europe where property prices are lower than in other cities of Germany or Europe. With an influx of over 40000 each year into the city the demand is predicted to remain high. Construction is not yet keeping pace with rising demand. In addition to people who choose to make Berlin their home, there are investors flocking to the city with the hope of making a killing in the property market. Roman Heidrich, director of Jones Lang LaSalle describes the city as one of the best city for young, creative people in Europe for being affordable and cheaper than London or Paris. These creative types are termed “yuki” by the locals, meaning Young Urban Kreative International.

Berlin is also a tourism hotspot with over 28.7 million visitors as far back as 2014 and the numbers are rising. Industries are on a growth spree and IT as well as commerce is flourishing. Property does not lag behind. Rents are rising and so are prices of property in Berlin even in areas like Kreuzberg and Friedrichshain, the haunt of creative professionals these days, prices approach those in upmarket Mitte and Prenzlauer Berg. Neukolln, once considered suburbia is another hotspot with a sharp upturn in prices of property. Rents are skyrocketing. A flat in Mittle could go for a rental of Euro 5.50 in 2007 but now the rate has doubled to Euro 10 and there could be a geometric progression in the coming decade, the rent cap notwithstanding. Sales of condos doubled from 12000 units to 24000 units in a short span of 2 years covering 2012 to 2014. Half of the buyers are foreign investors. Prices rose by 10% in 2014 and are still rising. Translate these facts into money terms. An investor with a strategic approach could well end up with handsome gains either by way of rentals or capital growth when he sells property in a couple of years. Strategy is the key to maximizing returns and in this regard strategy on Berlin property by GateBerlin has effectively helped local and foreign investors realize good gains.
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If prized locations like Mitte and Charlottenberg with its Ku’Damm see frenetic activitis, other locations like Kreuzberg-Friedrichshain are no less attractive. In fact, this area is in high demand with a spurt in nightlife and upmarket residential areas. Neukolln is shedding its image as a Turkish enclave. There are no signs of the property market petering out or slackening in the years to come. Making a profit is one thing; making good profits is the target of investors, especially those from abroad. Advice on investment in Berlin property by GateBerlin has helped many of them realise just how beneficial this city is in terms of earnings through real estate. Informed, knowledgeable, with a long list of prized properties on sale at their command and with the know how to handle the process from start to finish, GateBerlin are the property experts to consider to make capital grow. 
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