Berlin:
Upswing in the Housing Market
GSW and
JonesLangLasalle
After years of stagnation, Berlin’s
housing market is prospering again. Rents and purchase prices are rising in
a growing number of
locations, and only a minority of
districts are still suffering from declining rents and prices. That’s the
result of the second Berlin market
analysis put together by Berlin’s
leading private housing company, GSW, along with consultants Jones Lang
LaSalle.
... more
In 2006 over
1.6 billion in property value were traded in Leipzig out of which 26% were
apartment blocks. The economic situation in Germany and especially in
Leipzig is positive with the prospect of at longer lasting prosperity.
The property
market has three main drivers for income improvement:
1. Positive
population development accompanied by new jobs.
2. Reduction of
vacant apartments by demolishing ca. 20,000 "outdated" apartments by 2010.
3. Active
owners interested and acting on improvement of their rental income
situation.
What does an
investor have to look out for?.
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Why Now
Real Estate Investment in Germany?
by Uwe Falkenberg
After years of recession the German economy has made a
stunning come back in 2006 as it was not expected by the biggest optimists.
The pole position in the economic growth of the Eurozone was reclaimed. In
the Real Estate Market an unprecedented influx of international investors is
attracted by the lowest prices in any major economy. Germany is one of the
few places where there is actually positive cash flow in Real Estate
Investment. Here are strategies for a market entry now.
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Property Investment in Berlin
by Uwe Falkenberg
Berlin has
been the Europe's Real Estate Hotspot for over two years now. Is it
not too late to jump on the train? No, it is not too late! Attractive
real estate, even at entry level is still coming into the market, with
positive cash flow and a realistic expectation for capital
appreciation. Careful research is required to make sure the information
provided is met by the reality after the purchase. Local support is
recommended. ... more
Paul Arenson, Managing Director of
Stenham Property comments:
‘There are few
capital cities in the world in which one can acquire centrally located,
wellbuilt two bedroom apartments for €60,000 and which let at rents of
€4,500 per annum. We believe we can add value by doing the hard work of
buying buildings individually, refurbishing them where required,
streamlining the lettings process, improving the funding on the aggregated
positive cashflows and ultimately realising a premium for the portfolio as a
whole’.
Press Release
Investment in Retirement Housing in Germany -- A Prosperous Market:
Due to the population development in Germany the proportion
of retired people is constantly growing. It is a market segment of growing
importance in all business sectors from medicine and consumer goods and
housing of cause. There are government financed subsidies for the client
based on the level of care needed which allow a secure calculation of
revenues.
... more
