“Ich bin ein property investor…”

“…location is even more crucial here than anywhere else. The city always had an unusual structure as a collection of villages, but wartime destruction and Cold War division has left the geography even more out of whack. It’s still very much a bipolar city with two areas offering the most robust safety net for investors: the Mitte and Prenzlauer Berg areas of the former East and the south-western neighbourhoods of the former West”.

An interesting article on the Irish Times. Yes in real estate “perspective” is everything, especially if you are a value rather than a growth investor. Berlin had it bubbly times in the 90s after the reunification and in the early 2000s…true, in 2006-2007 there were still people hoping to do a quick buck in Berlin but I would say confined to a few overpriced areas…the big bubble had burst years before. On location, my favourite theme of discussion, the author is very effective in describing the issue in Berlin. Click on the title for being re-directed to the Irish Times article.

Ich bin ein property investor: is it the right time to buy in Berlin?

Twenty years after the fall of the Wall and after two property bubbles, prospects for the Berlin market are steady, Irish developers operating there tell Derek Scally.

5 Responses to ““Ich bin ein property investor…””

  1. 1 Antoine December 15, 2009 at 6:50 pm

    Well, the brand new figures show that net incomes are falling again in Berlin. Don’t forget Berlin ist NOT the country’s real capital. France has Paris, England has London but Germany has Munich, Hamburg, Frankfurt, Cologne and… Berlin as the poorest metropolis.

  2. 2 stripedcat December 15, 2009 at 7:03 pm

    Berlin arm aber sexy…

    It’s true what you are saying. But from the point of view of a VALUE (and not GROWTH) real estate investor, I prefer a flat in Berlin rather than a garage in Milano or Rome (which sell for about 90k euro).

  1. 1 A flat in Berlin…(well, actually two!) | Real Estate in Spain Trackback on November 26, 2009 at 9:11 am
  2. 2 A flat in Berlin…(well, actually two!) | Germany today Trackback on November 26, 2009 at 9:52 am
  3. 3 A flat in Berlin…(well, actually two!) | Ireland today Trackback on November 26, 2009 at 11:29 am

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