When you talk of Berlin Real Estate, prices are
heading up and up and are not going to plateau or even bottom out any time
soon. The reason is simple enough. There is a shortage of apartments and there
is an influx of people into this city creating high demand and low
availability. Naturally investors are making a beeline to Berlin rather than to
Munich or London.
If you are an investor and think Berlin real
investment is an attractive proposition, it is. Property prices have
appreciated by 45% and rents by 30% in 2013. All you need to do is visit
Berlin, find a likely piece of property, latch on to it and then wait for some
time before unloading it and making handsome profits. Wait. There must be a
catch somewhere. There is. For starters, you must know about the location where
property prices appreciate the most and investment is likely to get you the
expected returns. Secondly, you must know that if you buy property you are
liable to pay 1,2% legal fees, 6% land tax, 0.5% registration fees and if you
resell the property within 10 years you have to pay capital appreciation tax.
If you rent it out, there are laws you must comply with and conform to tax
laws. Investment in real estate is attractive but there are these minor
glitches.
The solution? You do not consider real estate
investment in Berlin as simple buy and sell. You get maximum returns only if
you proceed on a well devised investment strategy keeping local conditions and
future development in mind. The best way is to consult a local realtor for investment
strategies. Berlin
Real Estate by Gate Berlin is your gateway to investment
strategies resulting in a win-win situation, least hassles and maximum returns.
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