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.
