Berlin on the rise: how the German real estate market is expanding
Increasing population, a crazy economic culture, young people increasingly interested in the real estate market, a leader in the financial world. The current German situation seems to be very favorable, not only for the economy in general, but especially in the brick market.
In fact, Berlin has experienced a great ferment, contributing to a growth in demand but also in property prices.
But where does all this come from? And above all, why have these increases been recorded since this year?
Thirty years after the reunification of the most divided city in the world, increases in the average price of buildings and rents of around 11% have been recorded.
According to recent statistical surveys, in fact, Berlin is the best city for real estate investments and, compared to many other metropolitan centers, there is an "active" demographic increase, that is, formed by individuals well integrated in the investment market.
This is undoubtedly the key element that differentiates this city and Germany in general.
It is true that this city, compared to many other well-placed in the international market, then has prices so absurd, to the point of pushing the great flow of capital to this nation at the expense of the main competitors. And that's not all!
This phenomenon does not only affect German citizens, who are interested in buying a house, but it is estimated that about 43% of international real estate transactions have been inaugurated at the beginning of the new year. Obviously it is not possible to compare the real estate values of an apartment in Berlin with a similar present in New York or London, but this does not discourage the owners wishing to sell their property.
The price for gaining access to the German real estate market, the so-called entry barrier, is around 10,000 euros per square meter, but, for luxury homes, it is willing to pay almost double.
Another element that benefits the German real estate market considerably derives from the low level of unemployment present in the country.
There are always many more people who move to Berlin looking for work and obviously also a place to stay.
But even the Germans themselves are storming the capital, especially the young people who, often inheriting a huge wealth, decide to invest it in the national brick. We can say that Berlin has become the new Silicon Valley especially thanks to the start-ups that have received over 8 billion dollars in funding and that continue to attract many future employees who aspire to a radical change of their lives and maybe even a job at one of the most famous companies in the world.
It is advisable for the purchaser to opt for the Berlin area, as the return on investment may be greater over time compared to other areas of the German nation.
What to say, it seems that Germany is unattainable from all points of view!
In fact, Berlin has experienced a great ferment, contributing to a growth in demand but also in property prices.
But where does all this come from? And above all, why have these increases been recorded since this year?
Thirty years after the reunification of the most divided city in the world, increases in the average price of buildings and rents of around 11% have been recorded.
According to recent statistical surveys, in fact, Berlin is the best city for real estate investments and, compared to many other metropolitan centers, there is an "active" demographic increase, that is, formed by individuals well integrated in the investment market.
This is undoubtedly the key element that differentiates this city and Germany in general.
It is true that this city, compared to many other well-placed in the international market, then has prices so absurd, to the point of pushing the great flow of capital to this nation at the expense of the main competitors. And that's not all!
This phenomenon does not only affect German citizens, who are interested in buying a house, but it is estimated that about 43% of international real estate transactions have been inaugurated at the beginning of the new year. Obviously it is not possible to compare the real estate values of an apartment in Berlin with a similar present in New York or London, but this does not discourage the owners wishing to sell their property.
The price for gaining access to the German real estate market, the so-called entry barrier, is around 10,000 euros per square meter, but, for luxury homes, it is willing to pay almost double.
Another element that benefits the German real estate market considerably derives from the low level of unemployment present in the country.
There are always many more people who move to Berlin looking for work and obviously also a place to stay.
But even the Germans themselves are storming the capital, especially the young people who, often inheriting a huge wealth, decide to invest it in the national brick. We can say that Berlin has become the new Silicon Valley especially thanks to the start-ups that have received over 8 billion dollars in funding and that continue to attract many future employees who aspire to a radical change of their lives and maybe even a job at one of the most famous companies in the world.
It is advisable for the purchaser to opt for the Berlin area, as the return on investment may be greater over time compared to other areas of the German nation.
What to say, it seems that Germany is unattainable from all points of view!
