In the last 15 years, real estate prices in Berlin have raised more than 120 percent and there seems to be no end in sight as people around the globe seem to all want to move to the city that has great food, a hot art scene and a friendly attitude. Whether you want one of the architecturally amazing buildings in Charlottenburg, a home around the delicious Turkish restaurants in Neukölln, an apartment in the art district of Kreuzberg, properties around the active nightlife of Friedrichshain, the diversity of Mitte, the Bohemian atmosphere of Prenzlauer Berg or to own complexes in the lush green inner core of Tiergarten, you can be almost guaranteed that your investment in an apartment or home will grow. It really does not matter if you are looking for old or new buildings under the current conditions.
Alternatively, like approximately 45,000 people discover each year, Berlin is a great place to live. Many European companies choose to run their companies from here, so there is a constant need for luxury apartments for the high-paid executives. If you are looking for a great place to start a new business, then this city has one of the highest venture capital rates of any city in the world. The city is also poised to become one of the major leaders of the world in technology. Germany’s economy shows very little chance of slowing down over the next few years.
With an average age of just 42.7 years, many people are just starting to want to sell their apartments to move to larger apartments. While these people are looking for larger homes, there are plenty who are looking to take their place within this booming economy.
By world standards, it is relatively easy to buy and sell real estate in Berlin.
While some just put an ad in the local newspaper or on the internet and wait for offers to pour in, the smart investor will work with international real estate agents in Berlin in order to benefit from a maximum market visibility and to get the best price whether they are buying or selling.
For property sellers
As with any important life decision, the process should start by answering some important questions. After all, this may be one of the most important transactions you will conduct in your lifetime. For example, if you are the seller, then you need to consider several questions such us:
- What’s the best time of year to list properties?
- What legal requirements must be completed before selling my property in Berlin?
- How can I afford a new place while still paying the mortgage on your current one?
- How could I trust the buyer? how to double-check his creditworthiness?
- What’s the selling process in Germany?