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Originally Posted by JMBroad
Hi Eddie,
Sounds great how fast and easy your purchase went and nice price too!
What concerns me about Berlin is the amount of property on offer and the low demand...
Every time I hear about Berlin it's regarding another company which have pulled out of investing there to invest elsewhere. While real estate investors still seem very interested in Berlin, it seems every other kind of businessman is avoiding Berlin to head more towards the other German cities which can offer more. I was recently talking to a chap about investments (not real estate) in Germany and was told that it's one to stay clear of. If that is the case with the multinational companies (that they are staying clear) then where are the new jobs and opportunities going to come from which will entice people back into the city and increase the demand for new/renovated housing?
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Hi, Small investors are buying commercial property....I don't know all the In's and outs, but what I saw when I visited Berlin was a very vibrate city and the prices for a good size apartment are so cheap....it's got to be a very small risk to take.
Sometimes when we do too much debating and homework on buying property abroad
instead of just going on instinct....if you look at any other major city like Paris
London, Rome, I don't think you can beat these prices..in Berlin.
I brought my house in England for £30.000 about 15 years ago...and now I remortgage my main property to buy property aboard. (3rd investment)
My apartment is rented out...not a lot of rent coming back( after maintaince)
but the fact that the tenant has been there four years...money is coming in,
so the outlay for the investment on £23.000 is £100 per month (rent included)
Just helps towards the pension.
Hope this helps...Regards eddie55