Berlin

Berlin-Mitte: Purchase Prices Rising Fast, yet still Competitive

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Berlin-Mitte: Purchase Prices Rising Fast, yet still Competitive

Recently PwC issued a new report on the recent trends of the real estate market in European cities. The German capital has been reported as one of the most promising markets for the real estate industry, both for existing and new investments, being collocated at the second place after Munich. The market is responding to the growth of the city, as Berlin is defined as one of the European capitals for start-ups with its scene called Silicon Allee, that hosts almost 37.000 companies.

Historically prices in Berlin were always pretty low, due to the past of the city. Since reunification and especially during the last ten years prices have increased, but still are lower than most of western cities in Germany and European capitals. While usually mostly young people and artists were moving to Berlin, in the last decade also qualified skilled international immigrants have been moving to the German city, particularly into the central districts of the city as most headquarters of the new tech companies are located around these “kiezes”. Read more

Berlin Mitte: The Best Neighborhood Among Berlin Districts

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Berlin Mitte: The Best Neighborhood Among Berlin Districts

You are thinking about moving to Berlin, but you do not know in which residential area focusing your researches? Berlin-Mitte can respond to your several needs. The district is one of the most populated, with 342.388 people living with a population density of almost 9.000 person/km.

The purchasing prices per square meter are higher than the average price in all Berlin city districts and this trend will keep growing constantly. Rental prices are also higher in Berlin-Mitte and are expected to increase drastically further. As reported by the last GWS report in 2013, rental prices in Mitte: in the last year on average the cost per square meter was around 8,10€, with an increment from the year before equal to 14.7%. Berlin average rental price in 2012 was equal to 7,50€ per square meter with an increment equal to 13,8% compared to 2011. Read more

Why Italians Choose Berlin?

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Why Italians Choose Berlin?

In Berlin, there is plenty of opportunity for talented workers. That is why so many Italians are choosing to move to this bustling tech hub. Here are some more reasons Italians are flocking to majestic Berlin:

Community
In the past few years there were fewer Italians in Berlin. However, with more Italians choosing to move to the city for its economic stability and opportunities, there is an increasingly large sense of community. It is easy to feel at home in the city and connect with other Italians for networking and socializing, if you desire to. The other nationalities represented in Berlin will also make you know that you are part of the great community of Berlin. With so many different cultures blending together in one great city, the question becomes “Why wouldn’t you choose Berlin?” Read more

Berlin’s Districts with High Potential of Rising Value

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Berlin’s Districts with High Potential of Rising Value

The benefits of living in Berlin exceed the benefits of living anywhere else in the world. With a dynamic and expanding economy, explosive culture, and superiority in education, people are flocking to this impressive German city. Because of the increase in population there is a high demand for real estate within the city. Here are five Berlin districts that you want to pay attention to during their economic growth. Read more

German Mortgage: Things Foreigners Should Know

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German Mortgage: Things Foreigners Should Know

Once you decide to invest in real estate, taking on a mortgage can be one of the next steps you will face. For many buyers, opting for a mortgage is often obligatory when personal capital is not enough. If this should be the case, it is always highly advisable to schedule wisely the mortgage structure and repayment scheme. Most of us understand what a mortgage is but describing it straightforwardly is difficult. Essentially, it is a sum of money advanced by the lender (e.g. bank) towards the price of an asset, property or development/renovation. The mortgage is reimbursed over an agreed timeframe (usually 10 – 20 years), together with added interest and supplementary costs. Read more

The Cost of Living in Berlin

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The Cost of Living in Berlin

Berlin today is recognized as one of the most affordable city to live in the world, and for many reasons: Berlin is a modern city with a strong economy, a dynamic culture, and also extremely safe. The cost of living in Berlin also makes it a favorable option for young people over other European cities. Those who are interested in moving to Berlin can easily integrate the various living costs into a low budget. Here’s a rundown of the basic cost of living in Berlin:

Food
Shopping at supermarkets throughout the city is fairly cheap, and is one of the most affordable aspects of the Berlin cost of living. Dining out at inexpensive restaurants will set you back around 6 Euro a meal, while a meal for 2 at higher end restaurant will set you back 35 Euros upwards. Ordering a regular cappuccino at restaurants will cost 2.20 Euros upward, and beer at 3 Euros. Read more

A Few Tips For Making the Move to Berlin

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A Few Tips For Making the Move to Berlin

Berlin is one of the most interesting and exciting capital cities in Europe, rich with history and enjoying new growth economically, socially, and technologically. It is the place to be, and now that you’ve decided to move to Berlin there are a few tips for you to know that will come in handy prior to and upon arrival in your new city.

One of the most important things that you will need to do is determine your living situation. Over the last few years, Berlin has experienced a tremendous influx of internationals attracted to the city’s vibrant new scenes and affordable cost of living. Even as prices increase with the rising population Berlin remains one of the least expensive places to live in the EU. It will prove very difficult to find the perfect rent situation from abroad, so booking a stay at one of the hostels found throughout the city until you pinpoint the perfect place to live could be a wise and cost effective strategy. Be aware that these days finding the right house may take as long as a month. Read more

Berlin: Finding the Right Living Space

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Berlin: Finding the Right Living Space

Berlin is booming, and while the city remains considerably less expensive in the German housing market, it has seen a steady annual rise in home and rental prices to mirror the growth in the startup, industrial, and tourism sectors. With a trending spike in population, the demand for housing in all areas and price points is being mapped out and the potential to make a lucrative investment could not look more appealing than it does right now.

But where does your search begin? Read more

Berlin: Home to Some of the Best International Schools

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Berlin: Home to Some of the Best International Schools

A recent survey commissioned by the BBC, polling 26,000 respondents across 25 countries find out that Germany is the most popular country in the world as evidence of Germany becoming a diverse country. Most of those who gave their votes to Germany were the Spaniards, French, Ghanaians, and Australians, who also contribute to the growing number of expatriates and immigrants.

Leading among German cities that are expat-friendly there is Berlin, the capital city. One of the reasons why people, especially foreigners, choose to settle in Berlin is the strong educational institution established here. Berlin has four universities and more than 25 private, professional and technical educational institutions called Hochschulen, offering a variety of courses to learn. For younger ones, Berlin also has a selection of the best primary and secondary international schools for children in their early years up to the age of 18. Read more

Questions to Ask Your Realtor Before Buying Property in Berlin

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Questions to Ask Your Realtor Before Buying Property in Berlin

Buying a home, an apartment or an investment property is one of the largest purchases you will make in your life. You may spend hours researching properties, inspecting them, working with bankers all to ensure a smooth transaction; but how much time do you spend selecting your real estate agent?

A buyer’s agent is an essential part of your purchasing team. They are often the middleman, the go between, the negotiator for the success and fair price in your real estate purchase. A skilled and experienced property agent can save buyers thousands of dollars and a whole lot of headaches.

So, how do you choose a good agent? What should buyers look for when selecting a real estate agency? Here are the top 10 questions to ask your potential agency: Read more

Top 10 Reasons to Invest in Germany

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Top 10 Reasons to Invest in Germany

In the early 20th century, Paris became the centre of culture and art. This was because it was cheap for a struggling artist or writer to rent a room and be a part of a bustling hub of European culture. Over the last century people with actual money replaced artists and Paris has become an expensive place to live. Berlin is fast becoming the next Paris.

1. Prices for residential buildings have surged 17 percent in the last year; 31 percent in the last five years. Prices still remain low at this point because before 2010 Berlin was still struggling with its identity as a city split in two by eastern and western culture.

2. In the past 20 years, many neighbourhoods in Berlin, such as Mitte, have been transformed from World War II scarred ghettos into trendy quarters teeming with designer boutiques, expensive art galleries and exquisite restaurants. Read more

Strengths and Weaknesses of the German Property Market

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Strengths and Weaknesses of the German Property Market

Every market place has their strengths and their weaknesses. Since the criteria is different for every investor, an open and honest look at the pros and the cons of a market can help to see if that area can support the investor’s requirements. If we talk about real estate market we could notice that over the past year, there has been a considerable amount of focus on the price appreciation and high rental demand that is happening in Germany. What are the factors contributing to this? Is this simply a blip on the economic radar or is this a signal to long term capital growth? Are there any grey areas in this real estate market? Read more

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