Berlin - city centre buy to let apartments – Central Prenzlauerberg

When it comes to safe and secure overseas investments you really cannot go wrong with a property in a capital city, and with Berlin this is even more so!

What sets Berlin aside as a particularly attractive location is high capital appreciation, with property prices very low by other European standards.

Capital appreciation in Berlin has been 20% over the past 12 months, with some properties having doubled in price in the more trendy districts of the city over the past 2 years.

When it comes to purchasing property, you can expect every little detail to be taken care of. It is this very attention to detail, this precision and disclosure of any and all relevant facts that makes property purchase in Berlin as safe as houses – and this opportunity is no exception.

Whilst the rental income does not exactly thrill the investor; - you can expect to have a 4% return per annum, with tenants already in place - a Berlin investment tends to be self financing, and with the strongest rental market in Europe apartments never remain vacant for long, with eager tenants wanting to upgrade by location, and this is a prime location.

For the investor looking to finance a purchase, the rental income is sufficient to cover the mortgage payments, and with interest only mortgages available, allows the tenants to pay for your property whilst you build up considerable equity.

As a safe and secure investment with high returns Berlin provides the answer, and a high yield alternative to the emerging markets, without the risk.

The economy in Germany is steady, and showing solid growth which economists predict will continue overt the short to medium term. With a large influx of migrant workers into the capital, there has been a continued and dependable rental market, and in the case of central Prenzlauerberg, where our buy to let opportunity is located, a considerable demand both for rental property and demand from young professionals looking to get on the property ladder.

Our latest offering is an excellent buy to let opportunity with tenants already in place for immediate rental income.

The building is on the Erich Weinert Strasse, in central Prenzlauerberg, well know as a trendy location within the East of the capital.

This newly built property (1998 –by Berlin standards, that’s new!) has recently been refurbished with new heating and windows, and is situated in up market central Prenzlauerberg. Located between popular Schonhauser Allee and Prenzlauerallee this superb property offers an excellent investment opportunity in the heart of this trendy Eastern district of Berlin.

Properties are priced at €1780 per Sq M, which is very competitively priced for the location, and at a fraction of the cost of other European capitals.

Prices for individual apartments range between €79,459 (£54,800) for a 44 Sq M apartment, to €181,467 (£125,150) for a large 101 Sq M apartment.

There is the facility to purchase a private parking space which is under the building and at the rear of the house there is a large garden which is of a triangular shape which is shared by the residents.

So how much money do you need to tie up?

Well you will need immediately €1495 which will enable the property to be removed from the market and will freeze dry the price at today’s price. This payment will also cover your administration costs and this provides you with assistance to ensure that each party involved in your investment is kept up to speed.

Within 3 weeks the remaining balance on the property is due, providing time to arrange a mortgage if you so require.

Mortgages are available up to approximately 50% of the property price, and are provided on the basis that the repayments of the loan are covered by the rental income. The base rate is 5.08%.

Purchasers will need to budget for an additional 7.5% to cover notary charges (2.5%) and taxes (4.5%)

Payment terms
€1495 reservation deposit
Balance due within 4 weeks

Mortgages
Base rate 5.08%
Mortgages available up to 50% (approx)
Decisions are provided within 48 hours

Viewing visits
If you are keen on these properties, then we can arrange a viewing provided that a property is reserved prior to travel, on a subject to viewing basis.

Flights can be cheaply arranged from most major airports in the UK including Belfast, Bristol, East Midlands, Glasgow International, Liverpool, London Gatwick, London Luton, London Stansted, and Newcastle.

For full details and to find out more about this excellent opportunity please complete the form below and a member of our team will be in touch with you shortly: