Monthly Archives: April 2013
It is 14 years since the Wall came down and Berlin has been on a roll ever since, especially in real estate. The market has been growing at a steady pace over the years. However, the recent Euro crisis, influx of foreigners seeking profitable real estate investment opportunities as well as a way to dispose off existing holdings and Berliners looking to sell property at the maximum prices have fuelled price increases. Since 2007 the charts have shown a steadily rising trend in real estate prices and the number of transactions taking place. Prices have risen by over 30% and the number of transactions has gone up by over 20% with a growth rate of over 8% for 2012-13. In the last year prices of apartments rose by 45% and this is not the saturation point. Rents have also risen in proportion. Another significant factor is increase in population: local as well as influx of outsiders. (more…)
There is no time like the present. This applies to the property market in Berlin as it applies to other walks of life. Property in Berlin is the most in-demand commodity these days with construction only one-third of the present demand and not quite in a position to meet future demands. Berlin has outstripped London in terms of growth in real estate transactions and is the hot spot for Russian, British, French, Spanish and Italian property investors.
Couple this rising investor interest with an influx of immigrants and you have a situation where demand outstrips supply. The result is property prices have skyrocketed in the past year, fears of the Euro notwithstanding. Even then prices here are 50% of the prevailing property prices in Munich. This means there will be considerable appreciation in the coming period and investors can make windfall profits. For sellers too, the time is ripe to cash in by disposing off their properties at attractive prices.
In order to get the best deal, whether you are buying or selling, you must have a good idea of: (more…)