03 Apr Inside Berlin’s Most Expensive Apartment
3rd April 2018, London. Berlin’s days of being “poor but sexy” as former Mayor Klaus Wowereit once said, are well and truly behind it. Over the last ten years, the city has seen a massive population influx, cranes have become part of the landscape and developers have been scoping out all corners of the city to build luxury apartments, which has created tension and a lack of affordable homes. Now Black Label Properties is brokering Berlin’s most expensive property ever. It is the highest every asking price for a residential property and triples the current record for the sale of a home.
“In some ways, it isn’t surprising given the level of buyer demand the city has seen over the past few years,” says Achim Amann, co-founder of Black Label Properties. “The growth of the luxury sector here is expanding rapidly, and prices are climbing much faster than anyone expected. We’re seeing larger numbers of international investors who are willing to spend at the very high end of the property market and that is great for Berlin’s real estate economy.”
The lavish apartment is in Berlin’s Diplomatenpark, on the southern edge of Tiergarten, Europe’s largest inner-city green area, between Tiergartenstraße and Köbisstraße, close to the most important political buildings and the Brandenburg Gate. It is part of 10 new villas including four built by Diamona and Harnisch, a luxury developer who has various projects across Berlin.
The apartment occupies the top three floors of the building and measures over 10,000 sq ft with 3,200 sq ft of terrace space. It has:
- Panoramic views of Berlin
- Six bedrooms
- Four large bathrooms
- Three kitchens
- Three fireplaces
- Gym, sauna and spa
- Outdoor pool
- Black fishbone parquet flooring
- Underfloor heating
- Mitsubishi air conditioning
- Sophisticated audio/video systems
- Underground parking
Condominium prices have risen by 13% this year and 64% over the last five years, according to the German Real Estate Association (IVD), which makes Berlin one of the fastest appreciating markets in Europe. It is the third biggest city in Europe after London and Paris and the dynamic, multicultural tech centre of Germany. It frequently tops the list of global market surveys as a good place to live and an excellent investment opportunity. The city has seen an enormous influx of people over the last ten years – in 2016 it added over 50,000 residents, making the total population around 3.7 million, about half that of London. We expect demand for the premium property sector to remain high and it will be interesting to see who buys the most expensive apartment in its history.
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About Black Label Properties
With over 25 years’ experience in the real estate industry, Black Label Properties specialises in helping international clients to find a home in Berlin. We offer a full-service package and support which includes financial advice, tax/legal, visas, relocation services and business mentoring. Visit www.askachim.com or https://blacklabel-properties.com/ for more information.
Press & PR contact: Nicci Talbot, firstname.lastname@example.org +44 (0)7758 621 106.