Real estate in Berlin
is one of the most undervalued European capitals, according to Russian and Western analysts, and the prospects for real estate value growth are nowhere near so great. Therefore, despite the crisis, Russian investors continue to invest in this sector. The price of the objects allows the purchase of foreign real estate for a wide range of investors, even those whose income can not be high. However, low real estate costs are just one of the main factors in attracting investment.
Among other things – the ability to lead a successful and secure business in a transparent German legislation: Berlin real estate can be the subject of business and its assets. Many Russians who do business in Germany then see a residence permit in that country.
In addition to the actual goals of corporate development and investment, the following requirements are taken into account when deciding on a real estate purchase in Berlin:
– Do you have a “second home” in Germany or another European country where you can come for the weekend? Quick and easy to the German capital, both by plane, as well as by train and car. Most investors recognize an irrational feeling – a love for Berlin.
The capital is probably the most democratic and cosmopolitan of all major German cities, and the foreigner feels comfortable here. It is a very comfortable city with a clean (even in the middle) air, where everything is done for the comfort of people. A multitude of parks and green spaces, museums and galleries, historical places always let you discover something new, something wonderful in Berlin
There is a real chance to compensate for the cost of maintaining the property through leasing while the owners live elsewhere. Apartments for rent, in and of itself, is considered by many investors as a reason for acquiring German real estate: Berlin – growing capital that attracts people from all over the world, so the development of the rental market is of course ordained.
– educate children abroad. Parents are attracted by a high level of education and the security of life, the opportunities for their children to obtain a European diploma and to learn the German language; Children are also interested in communicating with foreign peers, busy student life, world famous clubs in Berlin and much more.
– Use medical services. The quality of health in Berlin is very high, so many people prefer to be treated here; The same applies to cosmetic procedures.
Brokers are watching the trend of rising demand for Berlin real estate. Sergei Vachnenko, head of real estate agency “Dominart Real Estate”, assesses the current situation on the market:
Berlin is still one of the most promising cities in Europe among investors in the real estate market.
This crisis was particularly evident in 2009, when real estate prices in Berlin not only did not decline, but have even grown steadily to this day.
Low prices and stable income from the leasing of real estate in Berlin attract foreign banks and private investors from all over the world.
In addition, it is known that the Germans prefer to rent a house, not buy. According to statistics, real estate owners are about 40% of people in Germany and Berlin, which is about 10-15%, ie 85-90% of Berliner housing rents, as well as a huge influx of migrant workers from all over Germany besides Berlin being in number 3 in Europe to visit tourists.