Archive for the 'rents in Berlin' Category

Apartment price developments

source: VDP and Reuters

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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…

Resilient Berlin real estate

This morning the New York times has an interesting article on real estate in our favorite city….”Berlin Real Estate holding firm”.

The banking crisis has left some wealthy Germans worried about leaving large amounts of money in their accounts or investing in stocks and shares. They have turned instead to bricks and mortar and a result has been increased sales to locals. This is a real change in a city where fewer than 15 percent of the 3.4 million residents own their homes.

Mr. Frank says he has noticed a change in the foreigners now coming to Berlin: “There are more entrepreneur types arriving, more people setting up businesses, especially Internet start-ups.”

Still, most large corporations have not relocated to Berlin from Munich, Hamburg and other cities, much to the disappointment of the capital’s administration.

a view from Qatar

An article from Qatar…According to several studies, the German housing market still provides positive cash-flow development and increase in rents and prices. Despite the financial crisis, the residential real estate markets in the major cities of Germany are performing very well, and international investors are looking forward to increasing their investments in the market this year”.

High demand for properties in Germany
Web posted at: 7/6/2009 0:18:23
Source ::: The P
eninsula

Doha: The first real estate investment meeting of Engel & Völkers held at the Sheraton Doha in Doha, last Monday. The conference focused on prime residential buildings in Germany and was set up to introduce local individuals and investment companies to the German housing market. Continue reading ‘a view from Qatar’


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