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Property Market in Germany

Germany is the worlds third largest and Europe’s largest economy. It also holds the rank of being the world’s largest exporter, and has historically been the gateway between the West and the East. The German property market holds the distinction of being the most undervalued in the world. Over a 5-10 year period, Germany has the best potential for capital growth among all the developed nations. It currently possesses a robust rental exchange with higher returns on investment, has a modern, trustworthy legal and land registry organization, and its economic recovery is in full swing.

The properties within Berlin are about 30 percent lower in costs than what they would be in other cities within Germany. Small and big investors love to invest in Berlin because of the following reasons:

1. Berlin is the centre of the expanded European Union.

2. Berlin is the capital of Europe’s largest economy.

3. There are a host of organizations and the national government are headquartered there.

4. The German city with the largest stable population of 3.4 million people.

5. It is the base of operations of many multinational firms and corporations.

6. High in the ranks in modern technology operations and development.

7. Berlin is the third largest tourist destination in Europe and continues to grow at a steady rate, and benefited from big investments of up to 75 billion Euros in the last 10 years alone.
It has unprecedented public transport infrastructure, including 3 international airports and the most modern railway system in Europe to date.

9. Many consider it to be the cultural centre of Europe.

10. The cost of living is low but there still remains a high quality of life. For example, about forty percent of the city land is nothing but playgrounds and parks.

The Potentials Of The Berlin Property Market

Various large investment firms and corporations have poured in multi-billion Euro investments in Berlin’s property market. The small investors have followed suit acknowledging the tremendous potentials of the Berlin property market.

The market gives extraordinary value for money as it offers relatively low property prices, surprisingly lower than its cost of construction. The market has robust rental rates with yields among the highest in the continent, as shown by 86 percent of Berliners renting their accommodations. It also gives excellent opportunities for development investors, as construction of new buildings have been scarce over the past several years.

Berlin holds one of the most stable populations over the last 3 decades, and there has been increased interest among the residents to purchase their own homes, what with the exceptional affordability of its prices. Berlin has a very good medium to long term capital growth expectancy, and with its forecast multi-billion Euro capital investments, offers tremendous opportunities in its property market.

Many wise investors are agreeing that now is the time to invest in Berlin as the German economy is re-emerging. Even foreign nationals can purchase and hold title to property in Berlin.

Property Purchasing Process

The great thing about purchasing property in Berlin is that it is a direct transaction and a no-nonsense process. When the purchase is agreed upon by the seller and the buyer, there will be a legal notary who will draft the contract of the sale. This notary will serve as the third party intermediary of the transaction of the sale of the property. The notary will take charge of the details of the sale such as preparing the contract, checking the title and enforcing impartial provisions of the contract. The notary will also attest to the genuineness of the parties involved in the transaction. After payment has been made, the notary will then request the change of ownership through property titles.

Mortgages of properties are also available depending on the status of the property owner’s status and the property itself. However, financial and banking institutions are more careful now in processing loan applications as they avoid troublesome past experiences of heavy losses on problematic loans. Taxation meanwhile, calls for cautiousness and care. It is recommended that potential investors consult professional tax advisors first, as the German tax law is one of the most complex in the world today.

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