Advantages of buying a luxury older apartment:
As in London or Paris, there is a high demand in the German capital for classical buildings that are well decorated, have retained various features of the old style and are well located in the popular areas of Berlin. The purchase of a listed old apartment offers access to the unique history and is a good investment opportunity. Buyers willing to renovate and upgrade such properties can benefit from tax benefits and grants. This will often also have a significant effect on the purchase price.
Purchasing older luxury property is therefore a great opportunity to acquire valuable real estate at a good price. Berlin is one of the last European cities to offer such unique properties for a reasonable price. Prices are noticeably lower than prices in the UK, for example. International purchases can even get a mortgage up to 70% of the purchase price.