2006/10/05

The Berlin Property Market goes from Strength to Strength

Germany has been tipped as one of the next big property investment markets and with new developments under construction at an all time low, existing properties are achieving high capital appreciation and rental markets are flourishing to cope with demand.

Andrea Marie Portugal Marketing Director of IMOINVEST says, “Germany has been a sleeping giant for some time, but market analysis now shows that Germany is set to offer one of the best investment markets in the European arena. Current shortages in new builds have helped push the resale market to new heights and now property owners are seeing good returns on rental whilst all the while enjoying the fact that their property is increasing in price.”

IMOINVEST now bring to the market Basdorfer in Berlin. Basdorfer is ideally located on the north eastern edge of Berlin, bordering Brandenburg and close to the landmark of Marzahns Village centre. Marzahns Recreational Park is one of the most popular day trip destinations in Berlin. Opened in 1987 as part of Berlins 750th anniversary celebrations it boasts 21 hectares of grounds and hosts the unique World Garden which displays a variety of flowers whatever the season.

Basdorfer offers a selection of studio, one, and two bedroom apartments offering spacious city centre accommodation. Each apartment has either carpeting or gleaming laminate throughout, along with fully tiled bathrooms and brand new large windows allowing for maximum natural light. Some of the larger apartments also benefit from private balconies that offer views of the city or of the Marzahn Recreational Park.

Julien Lu Director IMOINVEST, in charge of the development of Germany operation, says, “Basdorfer is a strong investment opportunity. Recently partly refurbished throughout it offers good sized accommodation in one of the most sought after city centre locations. Investors can buy into this resale property with total confidence. As with a new build there is no snagging or continued construction work, just a city centre apartment that is expected to offer up to 9.8% rental income.”

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

(PHOTO CAPTION: Basdorfer in Berlin available exclusively through IMOINVEST)

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