Archive for the 'Berlin Real Estate' Category

Good demographic looks matter

Good demographic looks in German cities unearth real estate hidden gems?

Check out this article from The Local…

Wiesbaden is number 1, but Berlin is number 5!

Wiesbaden: Immobilieninvestments in der hessischen Landeshauptstadt derzeit nach einer exklusiven Analyse im Auftrag des manager magazins besonders attraktiv

Yeah, Berlin has never been N°1 in the ranking of the highest real estate returns. If I remember well, it used to be Munich. Recent research by Berenberg bank shows that now Wiesbaden leads the top league. But Berlin is not far away…number 5.

The article published by Manager Magazin is here, an English excerpt was published by The Local.

Continue reading ‘Wiesbaden is number 1, but Berlin is number 5!’

Life-changing cities

Berlin, a life-changing city? apparently yes. Check this article on Repubblica.

against gentrification

Gentrification, the double-edged sword. At the beginning it makes the neighborhood (=Kiez) cool. Then it kills it with SUVs, too many wine bars and the disappearance of bakeries, normal supermarkets, haberdashery and Kneipe. Have a look to YGG

Still I guess that there are well-equipped Kiez in Berlin, who will not let the developers turn them into social deserts like the Parisian Marais. In the 90s it was fabulous and a little bit seedy, now it’s sanitized and desertificated. At 8pm cardboards are piled in front of the boutiques, and that’s it.

PS

check out the Guardian’s article here

3 years later…

Three years have gone by since we bought our flat in Berlin (the first one).

What happened in the meantime?

On a parallel street a new building in neo-bauhaus style has just been built. Prices for these new properties vary from 3,500 to 5,000 Eur per square meter. Well, there is so much real estate worth renewing in Berlin that new buildings could be avoided, right…still the prices tells something about the direction the market has taken in Berlin during the crisis.

The construction company who carryed over the refurbishing of our flat is always as busy. Business did not slow down for them, they are excellent craftsmen after all. Refurbishing of existing buildings in the Kiez carries on, both on Wilmersdorf’s side and on Kreuzberg’s side.

The Kiez has not over-gentrified in the meantime, and that is good. Across the townhall I’ve spotted a new patisserie and the smith has gone. But maybe he was not a good smith after all…his store was always closed, the service was a bit patchy.

The Kiez did not become fashionable, there are no fancy boutiques and we still have all our bakeries, delightful independent bookstores and stationery shops.

Berlin, sweet Berlin

Still looking for a good reason for buying a flat in Berlin? read today’s Telegraph article…

Sony Center: the biggest real estate deal in EU

Last week I was in Berlin and there were a few sizzling news about big deals in the property market. The biggest real estate deal of the EU ha sindeed been closed in Berlin, with the purchase of Sony center by a south Korean Pension Fund.

For long term value, Berlin apparently is not so bad! Click here to read the full Wall Street Journal article!

Spring in Berlin’s property market…

It’s Spring also on the Berlin’s property market…we closed our 2 small deals at the end of 2007 (bottom of the market) and during the dire phase of the crisis (March 2009).  The market had looked quite during 2008 and 2009, with less interesting offers and real estate agents complaining about a “drought” of foreign customers. Also, Altbau were difficult to find during the banking crisis because people preferred to hold on to their property rather than to cash to be put in those same bank accounts which looked a bit riskier all of a sudden.

But we start to see some signals that things are changing.

a) Greece problems and Peripheral Europe budget deficit woes. From anecdoctical evidence, it appears that Southern Europeans are coming back to Berlin en masse looking for deals. Some want to leave their countries (we suppose this regards the young) some others want to invest their savings in a country perceived as safer as their home land. Some others think that compared with their home towns, Berlin offers unbeatable value. Well, we fall in this category since 2007.

b) News spotted on the Wall Street Journal this morning: GSW is a likely candidate for being one of the biggest real estate IPOs in Europe. That should be a good sign.

c) Germany locomotive. Today the data released show that Germany’s manufacturing activity is picking up strongly. We’re not yet in Phase 3 (pick up in Consumption) but Phase 1 – restocking – and Phase 2 – capital investment – are already producing a manufacturing and industrial production upswing.

Last year Berlin’s property values went up by about 4%, whereas in other markets prices were either plunging or remained sticky (Rome). This means that Berlin still offers compelling value…but not quick profits.

For the long term, and before inflation picks up again (after all the subprime crisis was absorbed by enormous amounts of cash pumped in the economy by Central Banks, sooner or later this cash will fuel inflation), Berlin looks still interesting to us. Two years after, it was a good investment. Low risk, slow return, but great value.

Photo: GSW Immobilien Headquarters, @ Checkpoint Charlie Berlin

AflatinBerlin on air!

If you understand Italian and want to know more about buying a flat in Berlin, listen to the interview on the Italiansonline WebRadio…please don’t laugh 😀

Click here and get to the mid on the streaming.

Living in a vintage gas station, in Schoeneberg

Andreas Meichsner for The New York Times

Have a look at the fabulous article by the New York Times on a very lateral-thinking renovation: from gas station to apartment-cum-art-gallery!

Actually, I remember seeing an Aral gas station teamed up with a bar/restaurant at Schlesisches Tor U-bahn station, close to Club der Visionäre. I wonder if it is seasonal or open all year round…have to check it out.

The full article can be found on the New York Times website together with a beautiful slide show. An excerpt of the article follows.

In Berlin, a renovated gas station

by KIMBERLY BRADLEY

Continue reading ‘Living in a vintage gas station, in Schoeneberg’


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