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Berlin Property Market: Long-term Investors Can Make Over 300% Profit
April 5th 2019
By BusinessGhana
The property market is booming, and we are achieving fantastic prices for sellers – over 300% capital growth in some cases. However, regulations such as rental price brakes and environmental protection have led to a huge shortage of available vacant properties in popular areas like Kreuzberg, Prenzlauer Berg, Mitte, Neukolln, Friedrichshain in the east and Charlottenburg, Wilmersdorf, Moabit, Friedenau and Steglitz in the west.
What will increase the value of my property?
Certain factors such as the location and condition, an appropriate layout, as well as the size and features can increase the value of a Berlin property tremendously. For example, two-bedroom apartments with 100 square meters of living space are hardly ever sought. The optimal apartment has, according to a recent study from a large German property portal, an average of 66 square meters and 2.5 rooms.In Berlin the situation for condominiums is crucial. If the apartment is in a trendy neighbourhood or near a specific location, the price can be much higher than the next block just around the corner. Similarly, the close connection to public transport plays a major role as well as the orientation of the apartment and its location within a multi-family house.