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There are decent one bedroom apartments for sale in Berlin for £30,000. You couldn't even buy a parking space in the worst part of London for that.
Yes I know London is more expensive generally etc etc but isn't it strange that two capital cities, so close together in the world, in two countires with similar GDP etc, can be so markedly different for property!
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The Capitals Of Germany And The Uk
How can it be?
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#1
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Posted 02 February 2009 - 06:02 PM
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#2
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Posted 03 February 2009 - 09:53 AM
Country Life makes Berlin 4th in a list of best overseas investments behind Paris Miami and London and says-
Berlin has in fact proved to be an unexpected top destination for investment for the last two years. Property prices fell sharply with reunification and Berlin is a place where locals still predominantly rent, thus a supply of middle-class tenants. Taking a 5-10 year view, Berlin is a fantastic investment spot.
I have spottes a studio in Mitte which is like being in the West End for €59,250. Even with the poor exchange rate ......
Berlin has in fact proved to be an unexpected top destination for investment for the last two years. Property prices fell sharply with reunification and Berlin is a place where locals still predominantly rent, thus a supply of middle-class tenants. Taking a 5-10 year view, Berlin is a fantastic investment spot.
I have spottes a studio in Mitte which is like being in the West End for €59,250. Even with the poor exchange rate ......
#3
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Posted 03 February 2009 - 04:51 PM
London: Financial capital of the world (former)
Berlin: Economic blackspot of East Germany.
If anything, you should compare London with Frankfurt (financial capital) or Munich (industrial capital). Both significantly more expensive than Berlin (unemployment capital).
The starting price for something you can live in is about €1000 per m2, so a one bedroom would probably be at min €50k upwards. Cheaper are available in Neuköln and suchlike.
Berlin: Economic blackspot of East Germany.
If anything, you should compare London with Frankfurt (financial capital) or Munich (industrial capital). Both significantly more expensive than Berlin (unemployment capital).
The starting price for something you can live in is about €1000 per m2, so a one bedroom would probably be at min €50k upwards. Cheaper are available in Neuköln and suchlike.
#4
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Posted 16 February 2009 - 06:15 PM
West Hampstead, on Feb 3 2009, 01:53 AM, said:
Country Life makes Berlin 4th in a list of best overseas investments behind Paris Miami and London and says-
Berlin has in fact proved to be an unexpected top destination for investment for the last two years. Property prices fell sharply with reunification and Berlin is a place where locals still predominantly rent, thus a supply of middle-class tenants. Taking a 5-10 year view, Berlin is a fantastic investment spot.
I have spottes a studio in Mitte which is like being in the West End for €59,250. Even with the poor exchange rate ......
Berlin has in fact proved to be an unexpected top destination for investment for the last two years. Property prices fell sharply with reunification and Berlin is a place where locals still predominantly rent, thus a supply of middle-class tenants. Taking a 5-10 year view, Berlin is a fantastic investment spot.
I have spottes a studio in Mitte which is like being in the West End for €59,250. Even with the poor exchange rate ......
Well you can cross off London and Miami of the list now.
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