Berlin represents Germany’s centre of government, as well as its hub for media, science, education and culture. Demographically the youngest city in Germany, it has a young, modern, bohemian culture, behind only London and Paris as Europe’s top city for both tourism and investment
Due to Berlin's history of division during the Cold War, the city contains three central business districts. In the West it is Kurfürstendamm, in East Berlin Alexanderplatz, as well as a newly-built business centre near Potsdamer Platz. The city's historic centre — the location of the Reichstag building (German Government building), as well as the Brandenburg gate and most Federal Ministries — was largely abandoned when the Berlin Wall cut through the area. Only after the reunification with the construction of numerous shopping centres, government Ministries, Embassies, office buildings and entertainment venues, was the area revived.
Berlin combines art, culture, nightlife, museums theatres and a great nightlife. Attracting many nationalities to its heart, including about 14,000 British citizens. Lower costs of housing are attractive compared with London and comparisons are drawn between it and the East End of London pre-gentrification. Berlin’s GDP growth is set to outperform wider Germany due to huge investments in start-ups and technology which have added 250,000 jobs over the last decade
While London tenants reportedly spend 72% of their earnings on rent, Berliners pay out just over 20%. So rents are affordable relatively speaking. Yet the housing market remains competitive. Incrementally there are 40,000 more inhabitants per year. Because of this situation the housing market is very strong, making flat-hunting highly-competitive and a good place to be a buy-to-let landlord.
The fall of the Berlin Wall prompted a younger population to move to the barren space of the Eastern part of Berlin, Friedrichshain, partly due to low rents. Today, the area is considered a youthful, fashionable and dynamic district with bars and boutiques occupying the main streets. Friedrichshain’s riverside hosts Mediaspree, a hub for telecommunications and media companies, including MTV Central Europe.
Lichtenberg is the eleventh borough of Berlin and is near Friedrichschain. In Berlin's 2001 administrative reform it absorbed the former borough of Hohenschönhausen.
Berlin supplied a mere 12,000 homes in 2016 against a demand for 15,000-20,000. Lichtenberg is expected to see a 7.6% population increase by 2030, higher than the 7.2% average forecast for Berlin
Regeneration: Lichtenberg has the second lowest housing ratio in Berlin at 17.7% and the third highest rental growth, which is a positive marker for gentrification. And in terms of uplift: Lichtenberg witnessed one of the largest rental increases of any district in Berlin in 2015 at 8.7%
The leafy district of Lichtenberg in East Berlin boasts beautiful parks, authentic international eateries and lower rents than its more gentrified neighbours in Friedrichshain and Pankow. Lichtenberg is famed for its Soviet Brutalist architecture and some of the buildings in the area predate the First World War.
For professional commuters, a short journey by train takes you to Alexanderplatz, Berlin’s main Central Business District CBD, in only 22 minutes – providing easy access to the rest of Berlin and beyond. The Tierpark neighbourhood is also close to four university campuses.
16 minutes to Friedrichshain | 22 minutes to Alexanderplatz | 23 minutes to Prenzlauerberg by tram
This complex redefines modern living in one of the greenest areas of Berlin. Overlooking Castle Friedrichsfelde, the development is set in a tranquil neighbourhood near the famous 400-acre Tierpark. New-build one and two bed apartments in a boutique residence in a leafy East Berlin. There are some parking spaces available (6 parking spots) and bike storage. Each apartment has a large private balcony or terrace, wooden floors and quality bathroom sanitary ware and fittings.
This modern residence in leafy Lichtenberg, an eastern district of Berlin primed for future growth just 25 minutes from the capital’s Central Business District (6-minute walk and 19-minute train ride).
573 sqft 1 bed through to 749 sqft 2 beds and up to 1012 sqft 2 bed available.
Priced from €199,934 for a 1 bed
And from €271,283 for a 2 bed
Loan to value (LTV) Up to 70% on finance
COMPLETION Q4 2018
RENTAL YIELD Up to 4.30%
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