Hundreds of attractive residential and commercial real estate properties are available in Berlin
Millions of tourists and businesspeople visit the German capital every year, and all of them need a place to stay. Perhaps that is why real estate in Berlin, whether it is a business center, a hotel, or an ordinary apartment, is in high demand among investors. Moreover, foreign citizens have the same conditions as German residents when it comes to purchasing property.
Berlin has something to offer foreign investors. A rich selection of residential and commercial real estate is located in a cozy and comfortable metropolis, one third of which is adorned with green parks, refreshing lakes and canals. Add to this the developed urban infrastructure and impeccable public transport, and you get a city perfectly suited to the diverse needs of its residents and numerous guests.
This whole set of main advantages of the German capital justifies the fact that American and European investors are putting their money into Berlin real estate. But why has the capital of reunified Germany recently become so interesting to our compatriots? The answer is simple: the high merits of Berlin real estate are still valued at low prices. A square meter of property here is significantly cheaper compared to other European capitals.
As for specific figures, let us turn to the help of professionals in the international real estate market. The website of Housage.com contains hundreds of offers for the sale of residential and commercial real estate directly from owners and developers. A separate section here is dedicated to the capital of Germany – Berlin real estate is displayed on the page http://housage.com/Germany/Berlin/ and is represented by several hundred diverse properties.
For example, an income-generating building in Berlin, comprising 4,884 square meters of 23 residential and 3 commercial units, can be purchased for 11 million euros. Experts estimate the annual income from such property at 2% with the possibility of increasing its investment attractiveness to 4.8%. For 20 million euros, you can buy a five-star hotel in a prestigious area of Berlin. Its 54 luxurious rooms will bring the investor a stable income from the accommodation of tourists and businesspeople.
As for residential real estate, the price range for apartments in Berlin is quite wide and depends on many factors: location of the building, availability of developed infrastructure, amount of maintenance costs (for Germans, known for their thriftiness, this factor is almost paramount). For example, a two-room apartment on the attic floor of a five-story building (54 sq m, bedroom, bathroom) is offered for 215 thousand euros. A three-room apartment in the very center of Berlin (business district City West, 93 sq m, 5th floor) is sold for 525 thousand euros.
In Berlin, investors can purchase not only hotels, houses and apartments. Income-generating buildings and shopping complexes, undervalued as a result of the reorganization of the German economy after the country's unification, can also bring stable and guaranteed income. The main thing is to take an interest in the property in time, especially since supply still significantly exceeds demand, which gives you the opportunity to purchase a property at a reasonable price.