Property experts project an Annual rate of return of :
6.00%
the return on your investment in one year:
€4,190
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This premier development offers a huge range of quality accommodation with prices starting at an unbelievable 51,000 euros. The community is a very well maintained in a range of two and three storey blocks offering 1, 2 and 3 room apartments.
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This premier development offers a huge range of quality accommodation with prices starting at an unbelievable 51,000 euros. The community is a very well maintained in a range of two and three storey blocks offering 1, 2 and 3 room apartments. Prices range up to 116,000 euros. The apartments are all tenanted, in most cases over a significant number of years, and are maintained and managed by one of Berlins most established and reliable property management companies. Yields are in the order of 4.6%.making your investment effectively self financing whilst offering significant capital growth potential.
A tremendous investment opportunity in an established and very desirable residential area of Berlin.
Located to the south west of central Berlin, Zehlensdorf is the classic and exclusive residential area. Nearby is the beautiful Wannsee lake area and Grunewald forest area. Two fabulous local tourist areas offering the very best of outdoor recreational pursuits. This is the location where all Berliners dream of owning a house – the ultimate desirable address! The area is well served with excellent transport links including the efficient Berlin city rail network (S bahn).
The apartments for sale are tenanted – how does this work?
The properties all have long term tenants who in fact pay for the ‘running costs’ of the apartment. This includes not only the obvious costs such as electricity, water, etc but include maintenance, minor repairs and rental management. All the costs associated with the property management company are paid on a monthly basis by the tenants.
It is the monthly rental being paid that provides such a solid investment return to the buyer. Yields are generally in 4 – 5 % range offering an investment which is effectively self financing. However, it is the capital appreciation that is the real potential – it is believed property prices in Berlin will double over the next five years!!
If you require a Mortgage there will probably be an additional 1% arrangement fee. Mortgages are readily available through most German banks and typically are offered at 60-80% of the purchase price. As in the UK you will be required to demonstrate that you can make the Mortgage payments! You may, of course, find it more convenient to arrange finance in your home country (subject to status).
Why Invest In Germany?
· Unbelievably attractive purchase prices
· Capital growth potential
· Higher investment returns than the UK
· Euro mortgage rates are lower than the UK
· Stable, long term residential tenants
· Strong and improving economy
· Regulated legal system and EEC protection
As an additional incentive, the management company is offering ten years free maintenance and rental management services.
