Looking to buy an investment property in a European City? Berlin is a great place to start as the Berlin Buy to Let market is flourishing. Since the East has merged with the West, Berlin property is quietly becoming the bargain of the century. There are many options for purchasing property in Berlin. The Berlin properties we have to offer range from single one bedroom apartments up to entire apartment blocks. German investment is beginning to become the popular investment choice.
So you are thinking about purchasing a property or apartment in Berlin? There are many European Cities to choose from, why choose to buy a property in Berlin? London compared to Berlin can be almost ten times as much as per square metre. See the comparison table below and compare the average price per square metre for your Berlin apartment against other cities:
|City||Per Square Metre|
|Berlin||1,800 to 7,000 euros|
|Dublin||6,000 to 12,000 euros|
|Paris||10,000 to 18,000 euros|
|London||12,000 to 18,000 euros|
Unfortunately, Germany did have a decade of poor performance and were in recession due to the problems caused when the East joined the West and the demise of the Berlin Wall. However times are changing, Germany is establishing its economy, unemployment is reducing and the financial recovery has begun. Confidence is increasing and German property availability is on the up. Property is being snapped up at amazingly cheap prices and it actually a great time to look at buying property in Berlin.
What is a gross yield? Well it is simply the yield on a security before tax has been deducted. It is a measure of the return on an investment through interest or dividends compared with its price. The higher the yield, the greater the return you are making on an investment in relation to is original cost.
Average gross yields in London and Paris are now below 5%. You can take out loans at 2 to 3% in Germany and the return on that investment is above 6% and sometimes higher, as high as 8%. This means that a Berlin Property investment is currently one of the most sound investment options.
The notary system ensures safe title so the purchase of your Berlin apartment will be deemed to be safe. A notary is a public officer who takes an oath and declaration and is able to authorise legal documentation within the jurisdiction of the country they serve. In some countries, notaries train and many also are required to work as an apprentice before being commissioned or licensed. In general, these are lawyers who go through additional training before being allowed to practice as a notary public.
The purchase of your Berlin property investment will be just as safe as if you were purchasing a property in the UK.
Traditionally, property in Berlin is rented, only 18% of the Berlin population own their own Berlin property. This is mainly due to subsidised housing provided by the old east German government. However as rents increase and more residents are opting to buy their own Berlin Properties, rental prices will rise accordingly. Also foreign investment companies are snapping up large amounts of property in Berlin. This is therefore an extremely good time to climb onto the Berlin real estate market.
So you want to purchase a Berlin Apartment and not sure who you go to? German investment can be confusing especially if your only prior experience of purchasing a property is purchasing one within the UK. Berlin Estate agents may be your first port of call to enquire about what Berlin properties they may have available. However even if you understand the German language, Berlin real estate or Berlin immobielien is a totally different process to that of the UK. We can find your German property for you and assist you with your Berlin buy to let mortgage. Why go to a Berlin Estate Agent when Buy Berlin can take all of the pressure away?