From my limited research of Berlin (mainly reading posts from Investy and others on these forums) I agree that it is undervalued, but would like to point to rents being OK rather than good and the high running costs you will have. There is a lot of red tape involved and the lettings side is very much geared to protecting the renter rather than the owner. If you do go down the route of investing there and employ a management comapny to take care of your investment then it is probably worth adding clause t your contract with them that all correspondance be in British or that an electronic copy is also provided. (Translator in Google may be sufficient for your purposes.) That way you don't have the hassle and cost of arranging transaltions.
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