Jump to content
House Price Crash Forum
Sign in to follow this  


Recommended Posts

It occurs to me that there might indeed be flats in the old East Berlin that are very underpriced compared to their counterparts in the old West Berlin that are in roughly equivalent locations. This would be due to build and current neighboorhood quality.

Sort of like the historical difference in London between the East End and the West End, except that in Berlin's case the cause was political and no longer exists. In the long term one would expect equalisation.

It may even be that the main value of some of these old apartment blocks is in fact the right to have multiple occupancy of the land. In that case, provided there is overall demand in Berlin, there should be a tidy few euro to be made grabbing a block or 2 with a view to eventually bulldozing the existing apartments and building new ones. There are unlikely to be many government issues in one-for-one replacement of communist era flats.

Just a thought, triggered by reading that a bunch of real financial sharks down here in Oz have recently bought a large number (many tens of thousands) of German units. I don't know exactly where, but I'm starting to wonder . . .

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 308 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.