Berlin, 23 June 2010 – The prices for apartment buildings in the Berlin property market is stable and will remain so. First of all, however, increases are not excluded. “Dream sums as they were four or five years are no longer to achieve, but with real estate market-based prices find their buyers,” said Michael Schmidt, CEO of the company TOP-Immobilien Berlin.

Late 90s to early 2004 was the interest of investors at the Berlin Miethausmarkt very restrained. “But in the summer of 2004 began an incredible run, which can now be compared only with the euphoria after the fall,” says Michael Schmidt. “Thanks to foreign investors in the local market was not an end in endless power and intensity revived. It has been believed almost any price would be enforceable, be he ever so high. “

This euphoria is now gone, however, remains the interest of foreign investors to obtain the capital, albeit more modestly. The quality of the buyers has become a different, more is bought wisely, so the analysis of TOP-Immobilien Berlin. The supply of good quality real estate has been reduced substantially, prices have been stable for years. Of overheating can not be spoken. “Berlin is lagging behind the European development, but is catching on to other cities,” commented Michael Schmidt. “Even compared to other German cities, Berlin has still much catching up to do.”

For this and next year sees TOP-Immobilien Berlin especially following developments in the market for apartment houses in Berlin:

Not only the previously dominant Anglo-Saxon and Scandinavian buyers are represented in Berlin, and buyers from the rest of Europe, the USA and from many other countries around the world have rediscovered the Berlin real estate market for themselves . But again, German investors are increasingly ready to buy. The interest of the international and national investors is clearly present, but it is acted with due diligence, the property will be thoroughly examined and carefully compared.There is no-price-altitude flight, it will not be paid any sum referring. Good real estate in attractive locations to achieve a good price, if the impairment, the facts and other circumstances are consistent. Also, objects in a little less popular locations are negotiable, but pricing discounts are required.The growing economic power on the spot. There are a lot more people back into wages and bread as it was some years ago. The unemployment rate in Berlin is decreased by about 18% to 13.3%. The population is growing again. The apartment vacancy rate builds slowly but steadily and more and more people want to live alone in their own homes.In recent years, only a year between 2000-3800 dwellings built. Before 2004 there were still about 20,000 annually newly built units. Thus, for the near future be expected that the demand can not be satisfied. Already, a shortage of large homes in the lower and middle price ranges.Rents will adjust slowly to the level comparable to the other West German cities toward the top. But during the past 12 months rents have increased significantly.Rental Homes in Berlin offer a solid return on entry, which is in the national and international comparisons on the average. Yields are usually stable and have further potential. Often, an apartment building expansion also brings more reserves, which may also contribute to increase the yield.

Michael Schmidt, CEO of Top-Immobilien GmbH, Berlin

Www.topimmobilienXL.de

About TOP real estate

Behind the name

TOP real estate is a service-oriented team of 12 employees. The company is led by CEO Michael Schmidt, who looks back on 20 years of experience in real estate. The company specializes in selling apartment buildings, condominiums and single-family homes. Regional focal points form objects from Berlin and Potsdam, including surrounding areas, Leipzig, Dresden and Rostock Baltic Sea in the metropolitan area.

Press / for further information:

Top-Immobilien GmbH

Michael Schmidt

Sandy beaches. 32
13593 Berlin

Tel: 288 30 999

Mail@topimmobilienXL.de

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