Berlin Apartments for Sale- Gate Berlin

www.gateberlin.com

Opportunities for property buyers in Berlin

Despite the balance between supply and demand of Berlin property, it is
becoming noticeably more difficult to find well-priced properties in the best
locations. The luxury segment offers the least number of available properties
with top properties frequently sold during the planning stages of construction
or renovation.
Purchase prices of properties in the lower segment of the market and
peripheral locations range from 1,000-2,500 per square metre.
For properties with good amenities in the better locations, prices can range
from 2,500-3,500 per square metre. In upmarket locations with
better amenities prices go up to 5,500 per square metre.
At 3,588, the district of Mitte leads price per square metre for new average
constructions, followed by Charlottenburg-Wilmersdorf at 3,301.

The rental market

Higher purchase prices impact rent levels in the medium term. Berlin residential
rents have risen continuously since 2007, due to an imbalance between supply and
demand during a high demand for housing.
According to recent figures from the Berlin Tenants Association, the number of
households has increased by 134,800 in the past decade, but the number of
additional flats has risen by just 33,366. Berliners currently spend a quarter of their
income on rent, according to the map of living costs created by the German Real
Estate Association similar to residential rent spend in Munich. However, Munich
residents pay 13.82 per square metre, almost twice rental prices in Berlin.
According to Wohnungsboerse Berlin, the net rental price for new contracts on flats
in Berlin averages 7.98 per square metre per month. The net rental price based on
existing contracts, without operating or heating costs, averages 6.49 per square
metre.

Average prices for new rental agreements by

area:
The most expensive Berlin districts are stately Grunewald (11.71)
and Mitte (11.53) followed by Friedrichshain-Kreuzberg and
Prenzlauer Berg (9.75), Charlottenburg- Wilmersdorf (9.52),
Pankow (8.92) and Steglitz-Zehlendorf (8.50). Districts with
below- average prices include Neuklln, Lichtenberg and
Reinickendorf with significantly lower prices available in Spandau
(6.25) and Marzahn-Hellersdorf (5.40).
For leasing models, see FAQ
property

How can I best rent my Berlin

Sustainable trends in the Berlin Real Estate

market
Over recent years, the Berlin real estate market has achieved significant
momentum. In particular, foreign buyers have discovered value in
Berlin property investments and are providing an additional boost to
purchase rates. The appeal of the German capital is greater than ever,
following a period of relatively stagnant growth with the population
exceeding the 3.5 million in 2012 and the Berlin Senate predicting an
increase of 7% to 3.8 million residents by 2030. Plus, despite the
European Union debt crisis, a robust German economy has made its
major cities a comparatively safe haven for real estate investors.
According to experts, there is little current danger of a price bubble
burst in the Berlin property market, despite healthy rises of 8.8% during
2012. A sustainable relationship between supply and demand remains,
given that Berlin property sales operated at an extremely low level for a
long time, with very little new housing construction over the past 15
years.

Berlin leaps ahead of London

According to the PricewaterhouseCoopers study Emerging Trends in Real Estate
Europe 2013, Munich and Berlin lead 27 major European cities, including London,
when it comes to location. Investors are currently concentrating less on investment
strategies for entire regions or sectors. Instead, they are very carefully choosing
targets that promise profits and security for their investments. As a result, the run on
core properties is still high and good properties are difficult to find.
Residential housing worth 1.7 billion changed hands in Berlin in 2012 clearly
leading other top German locations such as Hamburg (375 million), Munich (290
million) and the Ruhr valley (270 million). According to property consulting firm
Jones Lang LaSalle, the total transaction volume was 11.1 billion, meaning Berlin
property sales represented over one tenth of the total German residential market.

Contact us
GATE Berlin property invest
GmbH
Kurfrstendamm 30
Berlin 10719
Germany
Phone: +49 (0)30 327 66 540
Email: info@gateberlin.com
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