British investor chooses Berlin property market

Alan Jackson is a civil engineer, who resides in Abu Dhabi with his wife and has recently invested into the Berlin property market because he was attracted by the high rental yields which are now achievable in this burgeoning market.

Alan says, “We decided to invest into property as this seemed the best form of investment for the future. After deciding against the inflated UK market we decided upon buying an investment property overseas. After studying various locations throughout the world we decided upon Germany and in particularly Berlin as this seemed to have all the right ingredients to become one of the most successful European markets ever. Germany has been renowned as having one of the lowest home ownership levels in Europe with nearly 50% of the population renting property rather than investing. However times are changing and with better financial packages available and a strong influx of foreign investors recently, the market now looks set to prosper.”

Alan has invested in a two bedroom apartment in Uthmannstrasse for £39,970 (60,000 Euros). It is a turn of the century apartment which is ideally placed in a vibrant suburb of Neukollen which is host to many wide open spaces including the 90 acre Britzer gardens. There are excellent services and shopping facilities nearby and it is an area that is now extremely sought after.

Julien Lu Regional Director for IMOINVEST says, “Germany has been on the bottom rung of the ladder in the European investment arena since its 1990 reunification. However, now that they have got to grips with this and with German banks starting to introduce investor friendly mortgages the market is changing quickly. One of the main pointers that has led to increased speculation about the German market is that many private equity funds have invested billions into the market. This is the clearest indication yet that the market will rise significantly over the next few years.”

Rental prices in Uthmannstrasse are expected to achieve up to 10.92%, so for individual investors such as Alan Jackson they are assured of a bright future whilst all the time their property will be gaining significant capital appreciation.

For more information, visit imoinvest.com.