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

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.

 

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. 

Berlin Property: Property and apartments for sale in Berlin

Berlin has the most captivating market for real estate in the entire Europe. Berlin has emerged as the second best grand structure city of Europe. Development firms as well as the financial specialist across the world find Germany as the best place for investment. If a person wants to settle in Germany along with his family, the city gives him no chance of disappointment. There are many dealers who help him to find the best property in Berlin. 

Gate Berlin provides an individual with the best choice of property and apartments for sale. Buying Berlin property by Gate berlin never proves out to be a wrong decision. As Berlin has proven to be one of the best real estate markets of the world, so the investors find this place ideal for investing. Gate berlin provides an investor with a wide range of property and apartments for sale. These include: residential apartments, rental properties, commercial properties, properties at lower segments, luxury apartments, penthouses etc.

 

 Best features of the property available for sale in Berlin:

 • If an investor is planning to purchase an apartment or any other property in Berlin, he needs to be sure that that this investment is going to be the most fruitful investment of his life. 

• Berlin is counted in the top three urban cities of Europe, so the investor needs not to worry about the development of this city. The city is one of the most developed cities of the world and the progress is everlasting.

 • The property dealers of Berlin offer property at affordable rates. If an individual buys Berlin property by Gate Berlin, the dealers make sure that they provide him the property at very cheap rates.

 • The interest rates on the sold property are extremely low in this city of Berlin. An investor can follow all the tax regulations without any trouble.

Once a person buys any property in Berlin, the annual income from this property faces deduction by various costs. These include financial costs, renovation and maintenance costs as well as other costs such as running costs, annual property tax and building insurance. Any property for sale in Berlin has to face these tax deductions once it is purchased. Some of these taxes are discussed as under:

 

 • Financial costs: These costs include debt capital which an investor has to pay after purchasing any commercial or residential building in Berlin. An investor needs to pay these costs if he has borrowed any capital for the purchase. 

• Running costs: These costs are deducted for the use of electricity, water supply. Besides this these costs also include deduction of building insurance and annual property tax from the yearly income of property. 

Any property buyer has to follow these tax regulations in Berlin. Once he invests in the real estate of Berlin, his property is completely safe. No doubt the economy of Europe is shaky, the property available for sale in the city of Berlin is highly secure.

Top Location in Berlin to Buy Apartments by Gate Berlin

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.

 Berlin apartments for sale

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.