Culture, History, and Business
Berlin, the city once destroyed by fierce bombing was rebuilt into one of Europe’s architecturally and economically most advanced cities. Home to over 3.5 million people, Berlin hasn’t stopped growing economically, infrastructurally and geographically,
Whenever and wherever you walk through Berlin, history will be your constant companion. Every street and every corner tell a different story of Europe’s history; the famous Berlin Wall, the Reichstag, and the Jewish Holocaust Memorial are just some of the monuments standing witness to the long, complicated history of Germany’s capital. Around them, tall, modern buildings will make you forget that this city was bombed to ashes a few decades ago.
But Berlin isn’t only about history. It was long known as Europe’s party capital and as such has many cafes, bars, and nightclubs where you can grab a cheap drink and party till the morning hours. Parks and natural spots can be found across the whole city, where young people and families gather to spend a nice, sunny afternoon together and enjoy the breeze.
Berlin’s real estate market can be characterized as a seller’s market. Demand is so high that at times, up to 300 people can come to a single apartment viewing. With apartment prices moving anywhere between 1,800 EUR to 7,000 EUR per square meter, the investment return is expected to be seen after 30 years when you buy a property, a fact that may discourage many.
However, there is no need to be negative. Property prices in Berlin are still considered moderate when you compare them with other metropolitan cities. For instance, Paris’ apartment prices can sometimes be 3 times higher moving from 10,000 to 18,000 EUR per square meter and London is even higher, 12,000 to 18,000 EUR. In addition to this, Berlin’s borders are constantly expanding with new constructions seen on every corner, so you still have a chance of fetching a highly affordable property that will give you a faster return of investment.
If you’re interested in more details about Berlin’s real estate and want to find out which neighborhoods hold the best investment potential, stick with us because we will discuss these aspects in detail in our next articles.