Berlin property - apartment for sale in Charlottenburg

Property Description

Right in the heart of Berlin, in one of the city's most sought-after districts and close to Berlin's "Oxford Street" - Kurfuerstendamm - these apartments come with a rental income equivalent to 4.46 % which is higher than the 4 % average for the city. The residence is in a leafy side-street opposite sports fields and within a stone's throw of the shops and nightlife of Kurfuerstendamm.  

The apartments in this well-maintained building are amazingly spacious and the sense of space is further enhanced by the high ceilings and large, bright windows.  The impressive entrance hall leads, via its mosaic floor tiles, to a winding oak stairway which accesses the four floors above. Outside is a private and well-stocked courtyard with shrubs, trees and flowers.

The properties in this development are selling at £ 1,100 per square metre as opposed to the average of £ 1,500 in Berlin in general and come with tenants paying slighty above the average local rents.  Hold this property for 10 years and you also become exempt from capital gains in Germany.

Mortgages in Germany are available from 60 % of the property value although gradually this is increasing towards 80 %.  

Berlin is one of the few markets which genuinely offer the prospect of good, safe investment yet with the potential for real capital gains as the real estate market grows - fewer than 13 % of the residents of Berlin own their properties and the removal of the rent cap laws recently will make purchasing one's property a much more attractive option as rents are likely to rise much faster in the future.

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