Berlin: rents keep rising

Last year, the rents in Berlin have increased on average by 4.5 percent. In the two-year comparison, rents soared, up nearly ten percent higher. This is from the residential market report presented yesterday by the housing company, GSW and the consulting firm CB Richard Ellis (CBRE).

"The Berlin housing market is very attractive," concludes GSW-chief Thomas Zinner. The main reasons for rent increases are according to CBRE evaluator Michael Schlatterer the low construction activity in recent years and the significant increase in the number of households. According to the report on the Housing Market by IBB also published this week ,

Berlin Properties - Transactions by Foreign Investors

We are proud to announce that the Foreign Investor Support (FIS) was involved in selling those 2 buildings in the last 6 months:

 Torstr. 124 is located in one of the most sought-after districts, in Berlin-Mitte. It was sold by a Luxembourg based fund and purchased by an investment fund from the Middle East. The building is of mixed use and disposes of a subterranean parking.

Beusselstr. 5 is located in Berlin-Moabit, an upcoming subdistrict of Berlin-Mitte. The building is of mainly residential use but does have 2 stores in the basement. It was sold by a private investor and acquired by an investment fund from the Middle East.

If you are interested in Berlin properties that are for sale (apartment blocks, office buildings, etc), or you need help in managing your properties, please contact the Foreign Investor Support in Berlin: www.fis24.net.