June 7th, 2017
BERLIN RIVER Building
‘Now is the time to invest in Berlin property’ – The South China Morning Post
We at Next-Estate in Berlin have been saying it for a long time, so when a reputable newspaper in China agrees, and writes ‘Now is the time to invest in Berlin property’ ………..its news!
And not just any newspaper. The South China Morning Post – ‘ SCMP’ or ‘The Post’ as it is known in Hong Kong – is the most reputable and influential English language newspaper in Hong Kong and even in all of South Asia. It has a long history and was founded by Australian-born revolutionary Tse Tsan-tai and British journalist Alfred Cunningham 1903 and the journal’s averages daily circulation today stands at 100,000. It was owned by Murdoch’s ‘News Corporation’ until recently and on 5 April 2016 the Chinese ‘Alibaba Group’ completed it’s acquisition.
In an article entitled ‘Now is the time to invest in Berlin property’, it opens with: “Berlin is a popular city for investors, but this year saw the German capital reach new heights when it was named the hottest tip for residential property in Europe by international consulting and auditing firm PricewaterhouseCoopers.”
It goes on to ‘tick all the boxes’ and concludes that Berlin properties offer a higher return on investment with less risk than other European capitals, particularly when it comes to high-end luxury properties. The article points to the fact that for example, condominium values in Berlin have more than doubled since 2010 – an increase of nearly €1,700 per square meter – making this segment especially attractive.
The article also alludes to the fact that at the present time, fewer houses are being built, so Berlin property investors are looking to less strictly regulated alternatives such as condominiums, student residences and serviced apartments.
With rising prices in all major European cities, German real-estate in general, and Berlin in particular is regarded as a stable market with high-quality property and therefore is attracting Chinese and other international real-estate investors.
We have written before on this blog about Chinese interest in Berlin & German Real-Estate.