Property in BERLIN

Why Germany ?

Large stable economy , world's largest exporter

After years of recession and pruning , Companies in Germany are emerging leaner , fitter and more profitable.

With Angela Merkel in Government , there is now a basis for the necessary policital reform to get the German economy moving again.

The property market there has been in the doldrums with falling prices over a ten year period to 2005 . But this seems to have hit a LOW in 2005 and there has been increased activity over the past 5 years

What's on offer ?
RESIDENTIAL PROPERTY We are currently involved with 2 schemes in Berlin .

SCHEME 1 - Up market development in MITTE (the new city centre) :
this is a new scheme consisting of the refurbishment of existing city centre period buildings to a very high standard .
Mitte is east of Tiergarten , home of the Brandenburg Gate , the Reichstag and the centre of Government

Targetted at the Corporate and higher Income groups .

Priced from €3,200 per sq m :
One beds from €165,000
Two beds from €227,000
Including full range with 3 bed units , penthouse apartments and town houses.
Property details including list of units , size and floor plans now available

Up to 60% German Mortgage facility currently available with this option - subject to Lenders usual criteria on Income & Affordability .

Mitte Further Details (7mb)

Mitte Price List (22kb)

SCHEME 2 in Prenzlauer Berg :

1 and 2 bed roomed apartments for sale priced at €1,650 per sq metre : less than 30% of the price you pay in Dublin .

One beds from €70,000

Two beds from €90,000

Rent guarantee from Goldman Sacks for 5 years

Gross rent above 5% - much higher than Dublin

Net rent after management fees 4% .

60% Mortgage facility available through a German bank - subject to a minimum Income of €50,000 , affordability and usual Lending criteria

Price list available on request

Prenzlauer Berg Further Details (1mb)

You will therefore need to invest at least €25,000 (30% plus costs) or raise this money by equity release from another Property.

If you need to consider equity release , speak to us as we are independent Mortgage Intermediaries

Next step: If interested in any of the above, contact us TODAY