I have several agents & contacts in Germany to offer you the best in investment property from apartments to apartment blocks & Hotels. The Berlin, Leipzig & Bremen property markets are booming. So we will be offering other towns with great yields, contact us & join our mailing list to be the first to see the bargains! Mortgages are only available around 60% loan to value & normally with values only over 80 000 euros. Generally its a... more quick cash market. Many of the apartments are already with tenants, yields are average to good but its the Capital Growth most investors are looking at. Below is an example of a small apartment you can buy: Ref No: Berlin Example Type: Apartment Size: 33 - 79 Area: Hellersdorf City: Berlin Price from: 25618 € Short Description: With yields of 5,33 - 7,1% and starting prices from 25,620€ Hellersdorf, located to the north-east of Berlin has excellent road and rail links - the Berlin underground system takes you directly to Alexanderplatz. The area has many green areas with parks and recreational facilities. The apartments were built in the late 80s, early 90s and have subsequently been extensively modernised to include new bathrooms and kitchens, new windows, flooring etc. Externally the apartments enjoy communal gardens and children’s play areas. There is off road parking available. At these prices these properties will sell very quickly - do not hang about!!
Irish Invade Berlin for Buy-to-let Flats One investor group has paid €40m and plans to splash out millions more. Escaping mass unemployment at home in the Seventies and Eighties the Irish came to pull pints and serve the punters of West Berlin's bars and nightclubs. In the Nineties they flocked to the building sites to help reconstruct a reunified city after the Wall came down.
Now in the 21st century they have come back. This time they are taking over Berlin. At the far western end of the Kurfurstendamm - Berlin's well-heeled shopping district - lies the headquarters of the new Irish property invasion.
In the last eight months alone, a group of Co Mayo investors has bought more than €40m worth of flats and apartments. At present they are negotiating a deal for a vast complex of apartments estimated to be worth €35m.
Spearheading the big Irish buy-up of Berlin is Mike Morris from the Mayo-based Premier Estates Maloney.
'We started looking at Germany, and in particular Berlin, because it is a stable, conservative and trustworthy society,' he says. 'The company had thought about expanding our property portfolio into eastern Europe, but those countries are potentially unstable, which Germany is not,' he adds, as he surveys three apartment blocks that the company owns close to one of the main motorways looping around western Berlin.
'The €35m deal we are trying to secure now would land us with 900 apartments, 30 per cent of which need renovation. What we are offering in all our properties is a net return per annum of 7 per cent from rental incomes,' he says.
Taking a brief stroll later across the Kurfurstendamm with Morris into the affluent Halensee district reveals the depth of the Irish investment invasion.
As he passes by a row of businesses below ornate 19th-century Wilhelmine apartments along the Westfaelische Strasse, with shops ranging from health food centres to lingerie stores, Morris points and says: 'That's Irish-owned, that's Irish-owned and that's Irish-owned. In fact most of the buildings on this side of the street have Irish landowners.'
Premier Estates Maloney and the other Irish companies following in their wake have not kept their investments solely to western Berlin. Their portfolio includes apartment blocks in the eastern and increasingly fashionable Prenzlauer Berg district. These include six retail units and 15 offices, with a branch of McDon