“IRISH INVESTORS are likely to spend upwards of €1bn this year on German property” Sunday Tribune

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The builder has also taken pride in the affectionate preservation of the old existing style elements - windows and doors are as far as possible restored to their original look. If they cannot be restored the will be recreated exactly.

The building has been fitted out with top quality finishes and space and layout of each unit is designed with the utmost comfort for the resident in mind. It is difficult to find newly renovated classical buildings in this central part of Berlin.

Berlin - Property Investment Summary

15 Quality Units.
Prices range from €55,800 to €350,064 (duplex).
Renovated classical residential building.
Located on Prenzlauer Allee in district of Prenzlauer Berg.
Local finance available for foreign investors.
Very well priced for Prenzlauer Allee.
Due for completion 4th quarter of 2007

The Properties Location

Prenzlauer Allee 20 is located in the district of Prenzlauer Berg. This is a lively area that has undergone regeneration since the reunification, in order to bring it back to its original turn of the 20th century charm its situated north of the city centre. Prenzlauer Allee is one of the three main thoroughfares taking you into Prenzlauer Berg.

The area is known for its cosmopolitan atmosphere and is popular with young people and students, with lots of cafes and bars. Many famous tourist attractions and museums are also located in this area. The project is within close to Alexanderplaz and its instantly recognisable television tower, to the people’s park (Friedrichsain ) and various museums. All essential city centre amenities and public transport are readily accessible in this district.

Investing in Berlin

Most of the markets of Western Europe are experiencing the end of their property growth cycles. However Germany, and particular Berlin are at the beginning of theirs. After the years of reconstruction following reunification Germany is now entering a new growth period.

Property Prices in Berlin

Prices in Central Berlin currently are approximately 10% of those in Central London for example. Berlin offers the same choice of properties one would expect from a major capital, from off-plan investments to typical studio and 1 bed apartments to new waterfront developments and luxury embassy district properties, however at a fraction of the price.

Indicators point to a pick up in the German economy. As the economy picks up so will spending power and of course property prices. Berlin will always be a secure investment however now is the time to invest and take advantage these prices.

Security of Investment

As mentioned above Berlin offers investors the security of investment associated with a capital city but also potential in terms of capital growth.

It is a Cosmopolitan City with similar characteristics to London & Paris.
Constant demand for rented accommodation from the local and ex-pat market
Some of Europe’s best builders with bank guarantees on all payment received
Renewed growth in Prices
English speaking lawyers and rental Property Management Companies

The Institutions are in Place

Berlin is not a new property market. The property market in Berlin has existed for generations. It is a property economy not based on potential but based on years of proven performance.

As such all the institutions are in place to offer investors the necessary mortgage facilities along with essential legal assistance and preconveyance of property.

Locomotive of the European Economy

Germany has the highest GNP and the largest population of all of the countries of the European Union. (CIA World Factbook). Germany has traditionally been Europe’s economic leader and despite a sluggish economy in recent years the German economy is showing signs of recovery and will continue to lead the European economy into the future.

Pricing & Finance

There are 15 units in this project including 2 commercial. The commercial units are already let. The prices in the project vary according to unit size:

For a full price list and for floor plans / layouts please contact us today.

Mortgages

Through its partners we can assist you in securing local finance for your investment. Typically available to foreign investors are mortgages of 60% LTV however up to 72% LTV is also achievable through the major banks.

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