Berlin Property Market Awakens

The German property market is looking likely to turn into one of the hottest property markets in Europe and Berlin is seeing an upsurge of investors keen to get on to the real estate market.

Andrea Marie Portugal Marketing Director for IMOINVEST says, “As the German market awakens to the opportunity of property investment with low interest rates and an up and coming economy, we are expecting to see significant price rises over the next 5 – 7 years. Prices in Berlin are currently between £696 and £2089 per m2 in many upmarket areas but compared to prices of £6,950 per m2 in Paris, London and other major cities, now is definitely the time to invest in Berlin.”

In addition to its political significance as a federal capital, Berlin is now the headquarters for more than 40 worldwide operating companies and has established itself as an internationally competitive and attractive location for high tech companies. At present under 40% of Germans own their own homes compared with around 80% in the UK and Ireland. However with a property market that has remained stagnant for 10 years financial institutions are now introducing new packages to help renters move into mortgaged accommodation. In many ways this is similar to the council housing boom of the 1980’s when the property market increased dramatically.

IMOINVEST bring to the market the opportunity to invest in 10 maisonette apartments situated in the upmarket neighbourhood of Barnhelmstrasse which is ideally located in the south-western district of Berlin. This sought after area boasts excellent schools and the tranquil area boasts sprawling green land and an abundance of trees yet still offers easy access to Berlin via road or rail.

There is two and three bedroom maisonettes available offering bright spacious accommodation in a gated area with park like settings.

Andrea adds, “Due to the location of this development there is expected to be a healthy rental income of up to 5.4% per annum and those looking for a strong investment opportunity would be wise to invest now at the start of the German property boom.”

Prices start from just £129,564 for a two bedroom apartment rising up to £144,867 for a three bedroom maisonette.

For a complete list of Berlin Properties available through IMOINVEST please click HERE.

(PHOTO CAPTION: Barnhelmstrasse maisonette apartments in Berlin available through IMOINVEST)