Berlin Real Estate - Emerging Real Estate

Berlin Real Estate is becoming increasingly attractive to foreign investment, as a number of investors have flocked to the city buying up whole developments.

Berlin has been undergoing a major real estate rebuilding process, which is visible in the new cityscape around Potsdamer Platz and the Eastern city centre. This, along with the unification and the redesignation of Berlin as the official commercial, administrative and governmental capital of the country has had a massive effect in the city's real estate make-up.

There is a varied mixed community living within Berlin, including Greeks, Italians, Spanish, along with a considerable amount of ex-pat Americans and British. This has increased the number of Real Estate investors within the city, helped by the fact that there are absolutely no restrictions on foreign ownership within Germany.

It is popular for Germans to rent real estate in Berlin. Rental accomodation accounts for over half of the population of Germany. In the centre of Berlin, apartments are popular due to the shortage of housing available. There are many real estate developments being built and the housing crisis is on the decline.

The returns are considerably higher than anywhere else in Europe, and buyers are speculating that an economic upswing will finally hit the German city. Real Estate in Berlin sources suggest "The city is in demand like never before".

Charlottenburg is one of the classic central areas in former West Berlin, although Wilmersdorf and Schoeneberg real estate are becoming especially sought after.

Overall, Berlin is considered the city with the lowest real estate prices in Europe. Even in Moscow or Prague the prices of land and houses are considerably higher than in the German capital. This makes it an ideal investment for the foreign investor. As A McIntosh predicts, prices can only rise, as it becomes one of the three most important cities in Europe, along with Paris and London.