With a stable economy, affordable property prices and great quality of life,
a few cities in the world tick all the boxes as Berlin does. Demand is so high that at times, up to 300 people can come to a single apartment viewing.
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Property prices in Berlin are still considered moderate when you compare them with other metropolitan cities.
Paris: from 10,000 to 18,000 EUR per sqm
London: 12,000 to 18,000 EUR
Berlin: 1,800 EUR to 7,000 EUR per sqm
The average rent price in 2019 was 12,55 USD per sqm, a growth of 15,9% on a year-to-year basis. However, if you intend on investing in Berlin’s real estate with the intent of renting, you should be aware of the recent rent control law.m As for commercial properties, vacancy levels for office space in Berlin are the lowest in all of Germany, standing at only 1.7%
Here are some of the best neighborhoods to invest in:
Mitte - Because of the location and nearby amenities, the main focus in this area is predominantly luxury properties.
Prices can range anywhere from 10,000 USD to 13,000 USD per sqm
Kreuzberg - Berlin’s coolest neighborhood. You can find an apartment costing from 356,730 USD to 1.70 million.
Wedding - The neighborhood to look after in 2020, Wedding experiences one of the highest increases in property demand.
Overall, Germany’s economy is among the strongest in the world.
High-paying jobs attract more and more people to the city every year.
It is time to BUY.
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