Tuesday, Dec 19, 2006

Move to Berlin to get on the ladder

The Sunday Times: Berlin — the next property hotspot

Flats for sale from €50,000 in Berlin

Posted by sold 2 rent 1 @ 04:57 AM (1596 views)
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1. This comment has been removed as it was found to be in breach of our Blog Policies.


2. Nick said...

The banks in Germany insist on Foreclosure on Mortgages. A law which I believe is being changed. If you agree to a 100,000 Euros mortgage at 5% over 25 years your bank knows you will pay them 177,381 euros, over the 25 years. If you choose to sell this flat after 5 years the bank will still require foreclosure, their 177,381 euros. Even if the flat is only worth 105,000 euros your 5 year investment will turn out to be a loss of 72,381 euros. Not a very good investment. I rent in Hamburg for 600 euros a months including bills. Happy Days.

Tuesday, December 19, 2006 01:56PM Report Comment

3. tyrellcorporation said...

Oh f*ck off!!! Property 'hot-spots', I'm sick of hearing it!

Tuesday, December 19, 2006 03:18PM Report Comment

4. sold 2 rent 1 said...


That is incredible.
Now it makes sense why Gernans perfer to rent.
When is the law due to change

Wednesday, December 20, 2006 12:18AM Report Comment

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