Purchase apartments and properties in berlin (Germany)

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Purchase apartments and properties in Berlin
(Germany)
gateberlin.com
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About GATE Berlin

• Property search advisory services operate with
  great success in liquid real estate markets in
  major cities across the world but are yet to be
  widely offered in Germany. GATE Berlin is first
  in delivering the concept to buyers of Berlin
  residential properties and sourcing investment
  opportunities across Germany.
• Over the years, GATE Berlins principals have
  learnt about effective property search and
  purchase in cities including New York, Paris and
  Sydney, combining this valuable experience with
  decades of negotiating the Berlin property
  market.

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Opportunities for property buyers in Berlin

• Despite the balance between supply and demand of
  Berlin property, it is becoming noticeably more
  difficult to find well-priced properties in the
  best locations. The luxury segment offers the
  least number of available properties with top
  properties frequently sold during the planning
  stages of construction or renovation.
• Purchase prices of properties in the lower
  segment of the market and peripheral locations
  range from 1,000-2,500 per square metre.
• For properties with good amenities in the
  better locations, prices can range from
  2,500-3,500 per square metre. In upmarket
  locations with better amenities prices go up to
  5,500 per square metre.

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• At 3,588, the district of Mitte leads price per
  square metre for new average constructions,
  followed by Charlottenburg-Wilmersdorf at 3,301.
• More affordable locations are districts on the
  periphery, such as Lichtenberg (1,919), Spandau
  (1,838) and Marzahn-Hellersdorf (1,619).
• Luxury accommodation in prime locations, whether
  historic or new buildings, starts from 5,500 per
  square metre. Select properties such as
  penthouses with luxury amenities can sell for
  over 10,000, although their availability is
  limited.
• High-density apartments or residential buildings
  in peripheral locations, including those needing
  renovation fall into a price range between 12 to
  16 times their annual net rent, with a return of
  around 6-8. In prime locations, selling prices
  are around 20 to 25 times the annual rent with
  returns of 3-6

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The rental market

• Higher purchase prices impact rent levels in
  the medium term. Berlin residential rents have
  risen continuously since 2007, due to an
  imbalance between supply and demand during a high
  demand for housing.
• According to recent figures from the Berlin
  Tenants Association, the number of households
  has increased by 134,800 in the past decade, but
  the number of additional flats has risen by just
  33,366. Berliners currently spend a quarter of
  their income on rent, according to the map of
  living costs created by the German Real Estate
  Association similar to residential rent spend
  in Munich. However, Munich residents pay 13.82
  per square metre, almost twice rental prices in
  Berlin.
• According to Wohnungsboerse Berlin, the net
  rental price for new contracts on flats in Berlin
  averages 7.98 per square metre per month. The
  net rental price based on existing contracts,
  without operating or heating costs, averages
  6.49 per square metre.

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Average prices for new rental agreements by area

• The most expensive Berlin districts are stately
  Grunewald (11.71) and Mitte (11.53) followed by
  Friedrichshain-Kreuzberg and Prenzlauer Berg
  (9.75), Charlottenburg- Wilmersdorf (9.52),
  Pankow (8.92) and Steglitz-Zehlendorf (8.50).
  Districts with below- average prices include
  Neukölln, Lichtenberg and Reinickendorf with
  significantly lower prices available in Spandau
  (6.25) and Marzahn-Hellersdorf (5.40).

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Contact us
GATE Berlin property invest GmbH Kurfürstendamm
30 Berlin 10719 Germany Phone [phone]
540 Email info_at_gateberlin.com https//www.faceboo
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