Posted at 14.12.2015 | | in Lifestyle, Market news, News, Press
New developments in Berlin’s top location: Charlottenburg-Wilmersdorf
Reconstructed after the war, the residentially and commercially zoned complex, consists of 52 different units, of which 46 are residential, six commercial, and eight are penthouses. The project includes an extensive renovation, which will drastically increase the value of, and available uses for the property.
Among the added amenities are a new elevator, multi-glazed windows, a facade renovation, updated piping, and state-of-the-art central and district heating systems. Tasteful hardwood floors adorn the interior, which additionally enjoys an updated electrical system, floor heating and balconies located in the majority of the flats. Residents also benefit from access to the recently renovated public area.
New Development in Berlin’s Top Location
Charlottenburg-Wilmersdorf is a thriving cultural hub that offers visitors a disparate and impressive collection of attractions. It is home to major universities, such as the Berlin Institute of Technology and Berlin University of the Arts, as well as historically and culturally significant sites like the Charlottenburg Palace and Deutsche Opera Berlin, home of the Berlin State Ballet.
Apartments and Commercial Spaces for Investment and Living
The renovation project enjoys the fortunate combination of location, convenience, infrastructure and personal input. Benefitting from the strong German economy and quickly-increasing real estate prices, the project is ideally-suited for investors. Rental rates in Germany have soared over the past five years, with Berlin as the recent frontrunner for the country’s success. As such, the area is a prime candidate for property investments.
No capital gains tax if the property is held for 10 years.