Quote:
Originally Posted by Liam Bailey
Of the established markets my money would go into Berlin everytime. Prices range from very low- to low depending on what borough and what locality you buy in. And contrary to what i am reading on thsi thread, prices are rising steadily, as head of International Research for David Stanley Redfern Ltd, I have been watching them grow.
There are no off-plan units, and there is a shortage of housing. Demand for good rented accomodation far outweighs the supply, and the population is growing, so with no new development, the situation is only going to get worse, which equals better for property investors.
Okay, yields aren't spectacular, and it is hard to raise rental rates so yields tend to drop. But on the other hand the rental will be residential, and will probably start at around 8% before dropping. As has been said on this thread, Berlin is one of the best places in the world to make a long term property investment.
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Good post Liam.
I have recently sold off a large slice of my UK holdings (just before the current malaise set in - more by luck than judgement I might add!)
A large slice of this went to the Berlin Real Estate Centre (now amalgamated with Saxony Property Services (an old favourite of mine) BTW) I've purchased some commercial units in Berlin and Dresden and Residential units in Berlin/Leipzig/Dresden and Erfurt. I am particularly smitten with Dresden.
These are all for my own portfolio. I have a growing band of clients asking me to find retirement properties to the south of Berlin toward the Czech border. Great lifestyle choice, cheap and accessible from Stansted and Gatwick.
The remainder has gone into building plots on Sicily. (Again with an eye to the medium/long term investment)
The tealeaves, chicken bones, runes and analytical data all point toward Germany being a story with a very happy ending.
