Stylish and full of confidence, Berlin is also very affordable to investors. Johnny Turner has a look at what’s on the market
The newest international property hotspot has it all: a cosmopolitan feel, easy connections from the UK, a wealth of culture and history, and good-quality property at amazingly low prices. Property values are set to skyrocket, say many experts, so the time to get in is now.
Emerging Real Estate has launched Vineta Art-Carrée, its second development in Berlin. This scheme offers a selection of benefits designed specifically for the UK investor market, and with prices starting at €68,000 (approx £50,000) this is an excellent opportunity.
Built in 1927, Vineta Art-Carrée is designed in the typical Berlin quadrangle style with an inner garden. Each of the one- and two-bedroom apartments has been fully refurbished and modernised. The light, airy living spaces offer a wonderful standard of living for tenants.
The location is a particularly good selling point. Prenzlauer Berg is Berlin’s most fashionable district, offering lovelyi residential areas, bustling shopping centres, markets and a variety of cosmopolitan bars and restaurants.
The area is also close to Alexanderplatz, and gives the feeling of both relaxation and buzz, with leafy parks alternating with the thrum of a working metropolis. Public transport is excellent with tram, underground and bus lines very nearby.
At Vineta Art Carrée, 50 to 60 per cent mortgages are available and there is a four per cent net rental yield (after costs) as well as a ten- year minimum rental guarantee. The owner also gets 100 per cent of any rental increases, a ten-year maintenance and modernisation guarantee and a free ten-year rental management service agreement.
Berlin is in the midst of a huge regeneration programme, which is in line with a trend towards coroporate HQs relocating to the city; artists thrive here, filmmakers and musicians are as in love with it as ever, and a real vitality is evident all around. All good news for anyone thinking of putting money into property here.
Pelle Langli, CEO of Emerging Real Estate, says, ‘Berlin is now one of the world’s most exciting cities. International and German investment is changing both the face and fortune of the city and coupled with a strong tradition of letting this means the property market is set to be a sound proposition for investors.’
For further information on Vineta Art-Carrée contact Emerging Real Estate on 0845 601 7293 or visit emergingrealestate.com.
David Stanley Redfern Ltd offers three developments in Berlin. In Tegel, the Tegler See development has one-, two- and three-bedroom fully modernised apartments priced from just €93,700. The investor gets a the ten-year guaranteed rental yield of a minimum €6 per square metre, bringing peace of mind.
The 1980s-built development, which was refurbished in 2003, has double-glazed windows, as well as renovated facades, hallways and entrances. There are well-kept gardens and clean, safe play areas for children.
Also on the market is City Oasis, a development in the north-east of the city where prices start at an amazing €31,850. The modernised, family-orientated building has apartments of between one and four bedrooms, not to mention its very own supermarket.
For those in the market for a one-bedroom apartment, the Hubertusalleefinal development in popular Charlottenburg-Wilmersdorf is well worth a look. With prices starting at just €61,990, this is a chance to get in on a low-risk basis; prices are set to zoom skyward in Berlin over the next decade.
These apartments enjoy very high rental yields – not surprising as they are located in one of the most upmarket, convenient areas of Berlin. Views are wonderful, with vistas of beautiful forests, lakes and the Havel River from the building.
For further information on any of David Stanley Redfern’s investment opportunities visit davidstanleyredfern.com.
Berlin Capital Investments is selling a number of exclusive luxury converted loft units in the high-style Loftland development in the affluent Goerzallee area.
The attractive, refurbished building, originally built in 1938, originally a radio factory and later used as the headquarters of the US military after the War, is now listed. Spacious high-quality loft and penthouse apartments are available in many different sizes, priced from €195,000.
All the apartments have been finished to the highest standards and include high ceilings, solid hardwood flooring, high quality tiles and Grohe mountings. All have flagstoned terraces or balconies.
Transport into central Berlin is very quick and easy from Loftland, with the nearby expressway as well as S-Bahn and U-Bahn train lines. Local leisure facilities include many attractive parks, as well as golf, tennis and sailing facilities.
Anticipated rents are over €10 per square metre. Fifty per cent mortgages are available, and British buyers should know that no capital gains tax is payable in Germany on property held for more than ten years. Also, Berlin Capital Investments is offering to pay buyers’ legal fees (normally about €2,000).
Find out more at berlin-capital.com.