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Berlin's flourishing real estate markets attract new investors

August 29th 2019

By European Ceo

As the Cold War came to a close in 1990, few would have predicted the great economic divide separating East and West Germany could ever be bridged, let alone in such a short space of time. Today, however, the eastern states of the now-unified country can offer prosperity to their citizens, and opportunity to their entrepreneurs.

 In particular, Berlin has found prosperity in recent decades. Berlin, Germany’s capital, is the country’s largest city, and is already well on its way to becoming a world-renowned metropolis. It has a thriving start-up scene and welcomed 12.7 million tourists last year, with 46 percent coming from abroad.

 A flourishing real estate market affects demand growing for both residential and business properties. Even so, landlords and investors who want to sell properties in Berlin can still benefit from expert advice, meaningful connections and a transparent sales process. In a booming industry, having a clear strategy and knowledge of the local market continues to pay dividends.

The Federal Statistical Office of Germany recently revealed that 55,000 new citizens moved to Berlin in 2016, but only 14,000 new apartments were completed. The constant increase of tourists, residents and economic output in the city means that demand for property is constantly rising.

 Berlin has thriving local economies that are drawing in businesses and employees alike. This has prompted a rise in real estate transactions, with €2.9bn spent last year.

 Further, Berlin has thriving local economies that are drawing in businesses and employees alike. More than 2,500 start-ups are based in Berlin and, with venture capital investment pouring into the city, the German capital already has eyes for businesses looking to relocate their headquarters after Brexit.

 Berlin is considered a real estate safe haven at present.