Property for sale in Berlin
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Due to Germany's current weak economy, Berlin offers great investment opportunities with highest yields and lowest rents by national comparison. Demand from foreign investors has increased dramatically due to prices having hit insurmountable levels in other parts of the world compared with the exceptionally low prices of Berlin. Get more information on property for sale in Germany. Views on the Berlin real estate : Despite its capital-city status, Berlin has stagnated more than other German cities, with prices at levels similar to or below what they were in 1996. In fact, they’ve been so low for so long that there’s a strong feeling that the situation simply can’t go on, and investors are eyeing up the city as, possibly, the next big thing. Berlin has low prices compared with other capitals.Apartments currently cost €1,000 per square metre compared to around €7,000 in London or Paris–even Sofia is more expensive. The economic drop in the past 10 years was reflected in the price of property for sale, but now we’re seeing growth in the economy and we hope that property for sale will follow. Yields between 5% and 9% are currently attainable but the quality and location of the property for sale will influence the purchase price and yield. More than just a confidence problem with buying, Berlin also has a financial system that favours renting. Only 44% of Germans own property for sale, with only 13% owning in Berlin.Property for sale isn’t a topic of dinner party conversation like it is in the UK. This situation might seem a good prospect for investors looking for regular income while they wait for their property for sale to appreciate, but the situation isn’t necessarily clear-cut. German law is highly protective of tenants and long-term contracts are the norm. |
- Ocean view property, Fiji
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Selling price :
196 700 €
Land space : 3800 m²
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