Alles klar in booming berlin?

Berlin is a ‘safe harbour’ for international property investors, argues one company…

According to David Stanley Redfern Ltd, low rent and abundant supply of space are drawing companies to Berlin, whilst urban regeneration efforts are transforming neighbourhoods in the former East Berlin into increasingly fashionable investment locations.  

A spokesperson for the company commented: “Jam-packed with cafes, boutiques and a thriving art scene, Mitte, Prenzlauer Berg, Kreuzberg, and Friedrichshain are now among Berlin's most sought after addresses for young professionals. With over 80 percent of Berlin residents renting, demand for these areas is likely to remain strong, particularly for the lower priced segment of the market.

“Changes in the law have allowed landlords in the city to increase rents up to 20 percent in a three year period. Publicly owned housing stock is increasingly being bought by prominent private investors, including Goldman Sachs and Morgan Stanley’s property funds, which is beginning to drive prices up. Savvy investors who get into the market while prices are still low can expect a healthy return on their investment.