Apartment Property. The Charlottenbourg apartments are in a quiet residential road with cobbled streets close to Berlin's "Oxford Street" - Kurfurstendamm. The rental income on these properties is equivalent to 4.46% which is higher than the 4% average for the city. The residence is opposite sports fields and within a stone's throw of the shops and nightlife of Kurfurstendamm.
Each apartment benefits from high ceilings and large, bright windows adding to the impression of space created by this imposing residence. The impressive entrance hall boasts mosaic floor tiles, a winding oak stairway which accesses the four floors above and authentic period features. 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.
If you would like to know more about our property for sale in Germany, or have any questions about buying property in Germany then please feel free to contact us. You can also find more information about property in Germany in our knowledge base.