The growth of Berlin real estate has geared up and it is buzzing around the mind of people everywhere. The city is renowned for its outstanding property which is available at incredibly affordable price range in comparison to other popular locations in Europe. If you are looking for a value property, then Berlin is the city of your dreams. The property prices in Berlin are unbeatable, investors and expatriates who are concerned about expanding their portfolio can do the investment to leverage high yields. The admirable architectural quality, modernity and standard in lifestyle have blown the mind of new investors. Here are some facts that fast track the process of building high end profit by investing in this hot city.
The revamp of Berlin- A revamp or you can say it ‘the new face of Berlin’ which demonstrate that the reunification of West and East Germany has taken longer that envisaged. After the fall of Berlin wall, it became a focus point for Government that wished to reflect Germany as a reunified country by investing heavily in its capital city. Construction projects architects by famous personality like Daniel Liebeskind, Renzo Piano and Jean Novel have uplifted the face of Berlin. In present time, Berlin’s major reconstruction work has been finished and the city has undergone a beautiful revamp. All these influencing changes has accustomed by 7 million annual visitors to Berlin.
Enhanced real estate purchasing power- You know what are the two parameters which mainly attracts the investors here? Well, the quality of accommodation and the highly competitive prices, these are the two reasons why Berlin is the most exciting city to the real estate investors. The purchasing power implied to number of square meters of property purchased from the average income of the city is four times more than the purchasing power of inhabitants who are in London and Paris. This whole scenario depicts that property prices in Berlin are undervalued in comparison to other high profile city in Europe. But, these are not expected to remain static because it is now taking the momentum in the years to come.
A standard life- When we talk about the most bustling and tourist centered city in the Europe region, Paris and London are always set at front. But after that, the third most visited country by the visitors is Germany and it is because of the quality of life and modernity which attract expatriates and many tourists. This country encompasses more number of visitors than Madrid, Rome and Barcelona. The Berlin city boasts beautiful architecture, antique culture and arts that draw focus of million visitors to the city.
These are the epitome facts and figures that implicitly making this city a vibrant city. Meet a real estate agent Berlin, well versed with the real estate market knowledge to accustom your need of a good property in an ideal location of Berlin.
