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Investment Property » For Sale » Germany » Berlin » Apartment    

Apartment investment in Berlin


Location

Germany
Berlin

Price

£42,300

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Property ID: 411041


     
 

 Description

Key selling points

  • 86% of Berliners rent
  • Low cost of borrowing, European Central Bank rate of 4%
  • New mortgage facilities available for foreign investors

Whilst the property market in the U.K. is not so buoyant we are finding the property market in Berlin is booming!

We are delighted to offer this superb buy to let opportunity in central Berlin. The Wilhelmshavener residence is a charming development situated on a quiet leafy street in central Berlin south of Tier Gardens. This recently renovated period building contains 26 spacious apartments with balconies and refurbished to a good standard. These apartments are being sold complete with tenants and buyers will receive a rental guarantee of 5% net for 3 years. A perfect solution for those looking for a secure, hassle free, buy to let investment in an up and coming European capital.

The Wilhelmshavener residence is made up of 26 - studio, one bedroom and 2 bedroom apartments. The building was originally built in 1958 the building was completely refurbished in 2000. That year new apartments we also built on the roof and a balcony was added to each apartment. The property benefits from an elevator, entry system and a pleasant garden area to sit and relax. Each apartment has gas central heating installed and all residences have fully fitted kitchens and bathrooms.  

Investment:  

Germany is now a property hot spot offering high capital growth potential and secure buy-to-let opportunities, 86% of Berliners rent! The property prices in Berlin are up to 30% lower than any other major city in Germany and it is the Capital!  Wilhelmshavener Residence offers a rental guarantee of 5% net for 3 years. After 3 years you will have the option to renew the rental guarantee. There is also an option of a longer guarantee with a 6% net return. As Germany is the EU the legal process is secure and the investment is very safe. Mortgage options of 60% are available for foreign investors, rate 5.99%.  Rental is paid monthly and service charges are included.  

Location:  

The development is centrally located in the Moabit, a region of Berlin - Mitte. Situated on a quiet leafy street in central Berlin south of Tier Gardens. Benefiting from being close to the brand new railway station in Hauptbahnhof as well as the Reichstag. Just a few moments walk from the property is the fabulous shopping district Turmstrasse.        

Why Germany?  

Germany is an intelligent place for investment because of the following:

·          Germany is the founding member of the European Union
·          It has a stable and democratic political climate
·          It has the largest economy in Europe and the third largest in the world
·          Economy in powerful upswing, 2.5% growth for 2006
·          Highest GDP per capita in Europe
·          Worlds largest exporter, 9% growth for 2007
·          Unemployment at lowest level in 4 years, 6.2% for 2007
·          Europe's largest property market
·          New tax efficient real estate investment trusts (Reits) legislation
·          Low cost of borrowing, European Central Bank rate of 4% compared the Bank of England of 5.75%
·          Housing shortage, undersupply in the Market
·          Fully regulated legal process when purchasing property
·          New mortgage facilities available for foreign investors  

Why Berlin?  

Berlin is a prime location for investment because of the following:
·          Germany's Capital and largest city with 3.4 million residents
·          86% of Berliners rent
·          It is an extremely cultural, historic and vibrant city
·          €6.3 billion spent on Berlin property in 2006
·          Amongst lowest property prices in all of Europe's capital cities
·          Property prices have increased over the last 12 months by 7.8%
·          Rental index shows an increase yield over the last 24 months at an average of 5.8% ·          €2 billion invested into major international airport, Berlin-Brandenburg International
·          Record tourist numbers in 2006, growth of 8.8%
·          Centre of European railway network, over €5.1 billion invested
·          Economic restructuring into technological and service intensive industries

 
     
     
 

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