Advantages of buying a penthouse or luxury apartment in a new building:
One of the biggest advantages of a new building is the possibility to move to a place that was previously uninhabited, for example in the area next to the Berlin Wall. New buildings also have an advantage in terms of innovative technology which is already planned in the blueprint and implemented throughout construction. This ensures a higher quality in communication systems, as well as improved comfort and intelligent use of apartment flooring and energy efficiency.
The majority of new buildings will also have terraces, balconies or access to the roof, offering impressive panoramic views of the capital.
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.