If you are a real estate investor, you should consider investing in Europe and more specifically, Berlin. Europe has a high growth rate potential and the population is also expected to grow steadily. This implies that the demand for housing units will increase in the coming years. Rental prices have also been on the increase in most European cities. This makes Europe hot spot for foreign property investors.
London Property Market
London has a great variety of housing units. There are different types of properties in every area to suit the budget for the local community. Prior to 2012, East London witnessed a fundamental boost due to the Olympic Games which took place there.
There are millions of reasons why people live in London. To start with, London is the media, financial and political capital of England. The city is therefore a cosmopolitan city where many types of people meet and eventually experience a wide range of cultures from around the world. There are many foreigners living and working in Britain. These are the people who have helped the property market to grow significantly.
Paris Real Estate Market
Paris is commonly known as the City of Love. This is a city where people who love culture, architecture and history get plenty of activities to keep them engaged. River seine divides the city into two. To the North is the right bank and then to the South there is the left bank. The most modern buildings are located on the outskirts of the city since the inner core is made up of architecture which was introduced by Baron Haussmann (1853 – 1868). The suburbs are calmer than the city.
The International real estate department has supplied us with accurate data on the real estate market. According to this report, the investment market made a turnover of EUR 5 billion in 2011 alone. The French investors alone contributed 64% of all the investments.
The demand for property in Paris is higher than the supply. Foreign property investors can take advantage of the shortage and earn millions in the process.
There are many factors that affect the real estate market such as inflation and unemployment. By February 2012, France reached an inflation rate of 2.3%. Many experts have predicted that the inflation rate will reduce significantly in the near future which will benefit property investors.
Real Estate in Brussels
Brussels is the capital city of Belgium and a very useful place within the European Union. It is also an international administration center for NATO. This is why the city fetches high prices for the property market. Brussels is divided into two areas made up of 19 districts within the Municipality area.
Woluwe is the residential district where NATO is situated. This is a pricey district that attracts high income earners. There are several estate agents who can help customers to get what they want in a convenient manner.
Berlin is a hot Real Estate Market
The city leads in terms of unemployment rates at 12 per cent. Nationally, Germany unemployment is at 6.8%. The city has a population of 3.5 million people. It has focused on transforming itself into a formidable capital in Europe.
According to Business Week, Berlin overtook the Italian city of Rome as the third most visited destination in Europe. London was leading followed by Paris in the second position. Berlin population has been growing for the past eight years. The presence of thousands of young professionals in Berlin has drawn the attention of foreign real estate investors. The city has experienced some 17 per cent growth in the past 12 months alone. According to ImmobilienScout 24, Berlin apartments are sold for up to $2,555 for every square meter. This is relatively low compared to the price in other European Cities. This has attracted major foreign companies such as INVESCO which recently acquired GSW Immobilien which owns 53,000 apartment blocks in Berlin.
Real Estate market in Italy
Milan and Rome are among the five most profitable cities in Europe. The leading cities are Brussels, Amsterdam and Berlin. This is according to idealista.it which is a Spanish site responsible for making the listings. Many findings published by Reuters Italia have shown that real estate investments can be repaid within 22 years in Milan and 24 years in Rome as compared to 26 years and 29 years in Paris and London respectively.
Italy is one of the few countries in the world where most people own homes. Currently, a significant number of Italian families are making great efforts towards purchasing a second holiday home. Italy is a profitable real estate market because of its attractive living conditions and low standards of living. Many immigrants are therefore working hard to buy properties in Italy.
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