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Germany is one of the very few countries that haven’t benefited from the world’s property boom in the last 15 years and, according to OECD, one of only two severely undervalued property markets (Germany by 26%, Japan by 21%).
This is even more true in the capital, with Berlin property prices below the construction cost and more than 30% lower than in other larger German cities.
Not surprisingly BERLIN is the main target for the smart investor:
- Centre of the enlarged EU
- Capital of Europe’s largest economy
- Seat of the federal government and numerous organizations
- Largest German city (3.4 million; nearly as much as Hamburg, Frankfurt and Munich combined) and second largest EU capital after London
- Base of countless multinational companies
- One of Europe’s most competitive and attractive locations for international firms - in particular in media, high-tech and IT sectors (Berlin has become Germany’s centre of creative industries)
- 3rd biggest - and growing - tourist destination in Europe
- Recipient of enormous investments in the last decade (over 75 billion euros invested by the German government into Berlin’s infrastructure since 1998 alone)
- Excellent public transport infrastructure (including new Main Rail Station - the largest and most modern railway junction in Europe), 3 international airports serving numerous low cost operators, massive new Berlin Brandenburg airport to open 2011 with an initial 22 million passenger capacity to later increase to 40 million
- Cultural centre of Europe
- Germany’s only truly international city (Berlin has succeeded in attracting artists, young people, students, intellectuals from all over the world)
- Low cost of living & high quality of life (40% of the city’s area are parks)
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