The Berlin property market is beginning to see some impressive
growth, after being almost stagnant for more than 10 years. This is
partly because of the influx of foreign investors, but also because
of the changing mindset within the Berlin population itself.
Berlin property has always had low rents, a trend that has been
hard to shake since the days of communism when rents were
subsidized by the Government. Low rents led to another trend of
people renting their apartments throughout their lives. But now
that rents are increasing, people are realising that they could buy
their property for about the same amount as they are paying in rent.
Another realisation: because Berlin is the capital city of Germany,
the seat of government is in Berlin, and because of the influx of
businesses relocating their headquarters to Berlin, that there is
enormous potential in this city. Because of these realisations,
life as it was is rapidly changing.
Prenzlauer Berg in the former East part of Berlin has become THE
most popular area in town -- both to foreign investors and Berlin
residents. It is the trendiest area with its , bars,
restaurants, galleries and unique shops. Purchase prices on
Prenzlauer Berg property have already increased by up to 40 % in
the past 3 years and are continuing to rise steadily.
See Our German Properties
