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Buying property in Berlin?

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  • Buying property in Berlin?


    I am seriously considering investing in a property in a city in Europe where there is a year-round demand for visitor accommodation, and also where there appears to be scope for capital appreciation. I intend my maximum outlay to be no more than £60,000. My intention is to let the property out as short-term visitor accommodation, and the ultimate objective being long-term capital appreciation. I would put management of the property in the hands of a local management company who would be responsible for furnishing and maintaining the property; collecting payment; and handling reservations.

    After having done some initial investigations, I would be particularly interested in the possibility of buying such a property in Berlin, as there are fewer restrictions on foreigners owning property in Germany than in many other European countries; property still appears to be relatively inexpensive there; there is a year-round demand from visitors; and the local market would still appear to offer scope for capital growth.

    I do not anticipate any problems in financing the purchase as I have the necessary funds readily available.

    I am aware of the capital gains tax condition for the sale of any property in Germany within ten years of its purchase.

    What I would really appreciate is if anyone may be able to enlighten me regarding the potential advantages and disadvantages of my proposed course of action. Specifically, I would be interested in your thoughts as to whether there are other areas in Germany, or elsewhere in Europe, where property is still relatively inexpensive, where the scope for capital gains is thought to be favourable, and the procedure for buying property is not considered to be too cumbersome.

    In addition, I would be interested to hear people’s views as to the pros and cons of buying an overseas property with the intention of letting it out for short-term visitors, as opposed to letting it out to long-term tenants.
    Finally, I would be very grateful if anyone could point me in the right direction regarding the following; (i) other sources of information relevant to my enquiry; (ii) any other forums devoted to overseas property investment; (iii) any UK agents specialising in overseas property, (iv) any overseas agents with offices in the UK (specifically in Liverpool, Manchester or central London).

    Very many thanks in anticipation of your assistance, and I look forward to hearing from you.

  • #2
    Re: Buying property in Berlin?

    Berlin is a perfect choice for investing - it includes in Germany's “Big Seven” that are the leading commercial investment magnets in Europe's largest economy


    • #3
      Originally posted by AnnaDAnishek View Post
      Re: Buying property in Berlin?

      Berlin is a perfect choice for investing - it includes in Germany's “Big Seven” that are the leading commercial investment magnets in Europe's largest economy
      Including electro magnets like the onses produced by Dimetm? I have just found this technology and try to search more information about it. How does it work? Have you used it earlier?


      • #4
        If it is difficult for you to choose a city to your liking, then I think Berlin will be your ideal option. It is multinational and everyone can find their place there. And Berlin is rightfully considered one of the most important centers of Europe. This city surprises with its beauty, rigor and a sense of security. What the Berlin Wall is worth, it has an amazing story, essays are written about it https://studydriver.com/berlin-wall-essay/ and people from all over the world go to see it.
        Last edited by gregorymozz; 23-03-2020, 11:28 PM.