Why Berlin?
Looking to buy an investment property in a European City? Berlin is a great place to start as the Berlin Buy to Let market is flourishing. Since the East has merged with the West, Berlin property is quietly becoming the bargain of the century. There are many options for purchasing property in Berlin. The Berlin properties we have to offer range from single one-bedroom apartments up to entire apartment blocks. German investment continues to be a popular investment choice.
The time to invest in Berlin has never been better. It is recognised internationally as a current hot spot generally for investment and development. Berlin continues to see an influx of interest by businesses and institutions, as well as individuals, from all over the world that recognise Berlin as an attractive, dynamic location.
Renting has also become a great source of income in Germany, as demand for rental properties consistently outstrips supply, leading to sharp rises in rents and house prices.
Overall confidence from investors is still strong as demand consistently outstrips supply. There are no signs of this slowing either, as the latest research publication from ‘DZHYP’ stated that population growth continues to fuel demand with an ever-dwindling supply and hence, a sharp rise in rents. Furthermore, the Official Urban Development recently forecast that the population in Berlin will grow continuously with almost 4 million people by 2040, suggesting that the residential Berlin market will continue to boom.
The Berlin real estate market
While less than half of German residents own their own property, renting a property is becoming increasingly expensive. Association President Lukas Siebenkotten predicted drastic rent increases in the next few years. This means that for everyone who does not yet own a home, the situation will become even more difficult in the future.
In fact, since 2022, rents have been rising more strongly on the market, especially in major German cities. There are many reasons for this: the supply of apartments is still scarce and too few new ones are being built. Added to this is the sharp rise in inflation, which is now increasingly affecting rents.
So, you are thinking about purchasing a property or apartment in Berlin? There are many European Cities to choose from, why choose to buy a property in Berlin? London compared to Berlin can be almost ten times as much as per square metre. See the comparison table below and compare the average price per square metre for your Berlin apartment against other cities:
| City | Per Square Metre |
|---|---|
| Berlin | 5,690 euros |
| Stockholm | 7,350 euros |
| Paris | 9,730 euros |
| London | 13,870 euros |
Traditionally, property in Berlin is rented, only 46.7% of the Berlin population own their own Berlin property. This is mainly due to subsidised housing provided by the old east German government. However, as rents increase and more residents are opting to buy their own Berlin Properties, rental prices will rise accordingly. Also, foreign investment companies are snapping up large amounts of property in Berlin. This is therefore an extremely good time to climb onto the Berlin real estate market.
Berlin has a lot to offer as a city and our expert team has a wealth of knowledge of the best areas to buy or make an investment. Check out our summary of what you can find in each of the 12 districts of Berlin (add link) and contact one of our team today to find out more about where will be best to buy depending on your requirements.
Since the end of 2020, fees have been newly regulated, where now both the buyer and seller are responsible for certain fees.
Typical closing costs are as follows:
- Purchase Tax 6.0%
- Notary Fee 2%
- Agent Fee 3.57% inc.tax
Berlin districts
We support buyers in finding a property that matches their search requirements and financial possibilities and accompany them before, during and after the purchase.
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