Posted at 25.02.2019 | | in Market news, News
Your investment property in Berlin
– any idea how much it`s worth?
If you bought an investment property in Berlin over ten years ago and have read about how the property market has changed here you will probably know your investment decision was a good one – but do you know how good?
Recently we have been approached by many small and medium sized investors who own one, two or three properties here, who are amazed to discover how much the value of their property has changed since they first purchased.
Here are just three recent examples*:
A two-room 62 sqm Altbau apartment with balcony in Charlottenburg purchased for 90.000,00 euros in 2007 and sold for 280.000,00 – that is a capital growth of over 300%
An open-plan duplex 1990’s 81 sqm penthouse apartment in Prenzlauer Berg purchased for 170.000 euros in 2008 and achieved an offer price of 450.000 – a 260% increase.
A one bedroom 54 sqm first floor Altbau apartment near Bergmannkiez in Kreuzberg purchased by the current owner for 48.000,00 euros in 2006 and now valued at 240.000,00 euros – or an amazing 500% capital growth.
* All these properties were vacant or would become vacant at the point of purchase by a new owner. Similar properties sold with sitting tenants would be valued at approximately 30% less depending on the terms of the tenancy and current or potential rental yield.
As one of Berlin’s leading specialist independent international estate agencies with 30 years experience of the market, we are in a perfect position to help you achieve the full potential of your Berlin investment.
We deal with buyers of all nationalities based not just in Berlin but all over the world and have the support network in place to support them – and you – through the entire sale and purchase process. With a huge shortage of available vacant properties, there is strong demand for across Berlin, especially in areas such as Kreuzberg, Prenzlauer Berg, Mitte, Neukolln, Friedrichshain in the east and Charlottenburg, Wilmersdorf, Moabit, Friedenau and Steglitz in the west.
If you are thinking of selling your Berlin investment property and would like a free appraisal and valuation of your property or discuss the options you may have, please → get in touch with one of our international team now.