In spite of the credit squeeze seen in international money markets and the all too visible decline in house prices encountered in both the UK and the US, Overseas Property Centres is delighted to report its best month ever ( April 2008 ) for sales in Berlin's current booming property market.
Clients are no longer confident about investing in the UK or Ireland property market, and with prices here being on average just 15% of those seen in some other European capital cities, combined with official German government statistics showing a 7 to 8% growth in property prices during 2007 alone, clever investors are now turning to Berlin for real capital growth over the coming years.
The huge investment being made in Berlin's new international airport is indicative of the predicted growth in population from the present 3.5 to the anticipated 5 million by 2010. The additional tourist traffic will only add to Berlin's dynamic growth, which in turn can only add to pressure on property prices. When one remembers both Berlin's substantial cultural and historical heritage, and it's hugely attractive liberal lifestyle, combined with the unshakeable strength of the euro and the sound growth seen in the German economy in recent years, one can hardly fail to see what a powerful investment tool the German capital will be in future years.
Overseas Property Centres has some prime centrally located apartments very close to the famous Kurfurstendamm ( Berlin's equivalent of the Parisian Champs Elysees ), for an incredible 1350€ per square metre. While some parts of the city, which are anticipated to enjoy huge growth in the future, are presently enjoying prices as advantageous as 500€ per square metre. How many years is it since one has seen prices like that in London, Dublin, New York, Madrid or Rome?
We tend to forget that Berlin is one of Europes most dynamic, green, and best value for money capitals, Berlin is about to embark on its next Renaissance !
Have a look at some of the marvellous tenanted properties available - ideal investment opportunities.