Berlin is a no-brainer for international property investors. Buyers are drawn to the vibrant lifestyle in the city as well as attractive properties in the affordable and buzzing city.
Berlin is one of the fastest growing cities in Europe, hip, attractive, international and multi-cultural — and still has the cheapest housing among the German biggest cities and cities in Europe. With an 8% increase in the property value annually, it surely positions itself as an attractive place for investment. Demographic trends are also favourable for a strong property market in Berlin. From a recorded headcount of 3.5 million in 2015, the city-state is forecasted to reach 5 million in 10 years. The reasons? Strong economic growth (1.7% average local GDP growth in the last five years), 1.1 million refugees, high work-related immigration, weak construction supply and low interest rates.Steeped in glossy historic architecture, Germany’s capital is known today for its diverse economy, multicultural population, bustling allure and family-friendly facet — quite an achievement more than a quarter-century after the fall of the wall.
Today, Berlin is the place to be, for both judges and accountants, for tech whizzes and artist talents, for families and single youths.