The property is located in the heart of the western Berlin district Tempelhof. The property was built in 1910 and was completely refurbished in the years 2002-2004. At the moment three lofts are established and the facade and the stairs are renovated.

All together 32 apartments by dimensions of 32 sqm stand up to 165 sqm for the sales.

Berlin is regarded as the prime European capital city for investment. With only 18% of Berliners owning property, there is a huge rental market creating genuine buy-to-let opportunities. Figures show that prices have risen by 7.8% over the last year with the rental index showing increases of 5.8% over the last 24 months. With heavy investment in the city and the recent emphasis on property privatisation, Berlin is considered an attractive and secure option for foreign direct investment.

Berlin receives substantial financing from various European Structural Funds intended to bolster the city’s economy and infrastructure. This funding will amount to almost 1.3 billion Euros during the six-year grant period ending in 2006.

The states of Berlin and the federal government are working together to get an ambitious transportation project off the ground: planned investment of around 2 billion Euros is to expand Schönefeld Airport into a major airport, Berlin-Brandenburg International (BBI). Construction should be completed by 2011. More than 5.1 billion Euros is being invested in restoring Berlin’s position as a hub in the European railway network. The tourism sector is rising each year and Berlin is rapidly becoming Europe’s most sought after destination for the property investor.

Advertiser contact details
Name: International Dreams
Email: Contact the Advertiser
Ad Ref: 181253