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Finding the right property
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Berlin districts
Overviews of Berlins 23 districts with information about their characteristics, population and how they are perceived by locals.


`Kiez`
` Kiez` is the term affectionately used by Berliners when refering to specific city quarters.


The region of Brandenburg
These tend to be older, definable areas that have distinctive characters and offer all the day to day facilities needed. This sparsley populated region surrounding the city of Berlin is typified by tree lined avenues,  picturesque villages, lakes and forests.


Access to transport 
Some knowledge is needed of transport types to assess the relative merits of each location.


Property types 
The property types in Berlin are quite different than say the UK, it is a city with virtually no terrace and semi-detached houses! As a potential investor you need to know what is available to make an informed choice.
 
The Berlin market is widely perceived as a low risk, mid to long term investment opportunity that currently offers some of the highest yields available in Europe.  It is possible to find properties that more than cover borrowing costs and with positive capital gains potential. The average purchase price for an apartment is hard to beat at ca. €1400 m², reducing significantly if more units are bought en-bloc.

An initial consideration is to estimate your anticipated budget range. Bear in mind you will need to budget for 10-12% on top to the purchase price to pay for stamp duty, legal and professional fees. The usual deposit or security needed to raise finance for an overseas property is between 20-30% of the purchase price. Many buyers raise this by using equity on existing property as security.

The reasons for a purchase will determine the location and price range. Typical reasons being one or more of the following:
  • Private residence
  • A holiday home
  • Respectable annual return
  • A home that will be paid off before retirement
  • Pension plan alternative
  • Capital gain
  • Broadening a property portfolio
The merits of each property should be considered carefully, based on loaction, transport and property type. These are difficult to judge if you do not possess much knowledge about a place. The links opposite are concerned with such local factors.

Note: property descriptions are based on the local practice of including:
  • the total floor area
  • the number of liveable rooms which excludes kitchens, bathrooms, halls and storage (kitchens over 12 m²/130 ft² are listed as kitchen/dining rooms)
This method is more representative of what is on offer.
Fewer but larger rooms is more typical.
As guidance on floor areas, the average UK three bed semi-detached house has approx 75m²/800ft².

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