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Location scouting

We added new locations to our hunting list, and we would like to tell you about it.

Weitlinger Kiez in Lichtenberg, the area around Weitlinger Strasse, named Weitlinger Kiez (link in German)

Kaskelkiez in Lichtenberg, the area around Kaskel Strasse, named Victoriakiez or better know as Kaskelkiez (link in German)

Karlshorst in Lichtenberg, 

Oberschoeneweide in Berlin-Treptow 

Karl-Kunger-Kiez in Alt-Treptow,

on top check our location map link above.




BBC on Living in: Cities known for art and culture

I was interviewed by BBC and a small piece of what I told you can read here:


As the third most-visited European capital after London and Paris, Berlin is still a place where artists come to create their dreams.
The majority of residents in Berlin – nearly 85% – rent, and housing costs have risen more quickly than in other German cities. However, prices are still far lower than in other major Western European cities, including Hamburg, Brussels and Vienna. “There are many advantages to renting,” said Alexander Korte, founder of BerlinInvestment.com, an estate agency specialising in foreign buyers. “The laws are pro-renter and the landlords can’t raise the rent just as they wish.” A 70sqm flat can rent for around 600 euros a month in neighbourhoods such as Kreuzberg or the gentrifying Friedrichschain, while Mitte is seeing rents reach 2,000 euros a month.
But buyers are also flocking to Berlin since apartments and houses are cheap for a major European capital. The property market has seen an increase in residential prices of more than 32% since 2007 and luxury developments and conversions are in demand. The rise in price is fuelled by Spanish, Italian Russian, British and French investors, as well as Germans, who consider Berlin a bargain and want a safe and inexpensive place for their euros. Currently, the average housing price in Berlin is 2,000 euros per square metre.


NY Times discovers hidden pearl in Berlin Real Estate Market

Its is astoundingly how fast and good especially foreign journalist, who seem to live in Berlin, discover new areas that are attractive and or undervalued.
Now NY Times journalist Nick Foster published one of my longtime favourites in the market.
[click to continue…]

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2013 Change in Real Estate Transfer Tax Law in Germany

The transfer of property is subject to German Real Estate Transfer Tax.
Hereby the hight of the transfer tax is between 3,5% and 5% (Berlin) depending on the federal state.

To avoid German real estate transfer tax it was practice to sell shares of a company owning the property (so called share-deal) instead of selling the property it self (so called asset-deal).

Now Germany put a new law (effective on June 7, 2013) to prevent this miss-use and make the German federal tax law more fair.

Here is how the so called RETT-Blockers (RETT stands for Real Estate Transfer Tax) used to work:

Not the property would be transferred but 94% and 6% shares of a company owning the property.

The transfer of shares in real estate-owning companies is in general subject to German Real Estate Transfer Tax if at least 95% of the shares in the company are accumulated or at least 95% of the shares are transferred to new shareholders.

To circumvent this it was use to transfer only 94% of the shares to the new owner and the rest of 6% either stayed with the old owner or were transfer to another entity not equal to the 94% shareholder. However the 6% entity could be owned by the 94% company trough a holding structure.


IVG published Germany Office Market Scoring Report

As the yields in residential markets shrink and the office market seems one possible investment alternative this report might give advise

The IVG Germany Office Market Scoring research report can be found here:



Real Estate Auction Dates (Winter 2012)

Deutsche Grundstücksauktionen (DGA AG)
auction 14.12-15.12.2012
submition: closed
place: abba Berlin Hotel , Lietzenburger Str. 89, 10719 Berlin.

Auktionshaus Karhausen AG
auction 07.12.-08.12.2012
submission: closed
place: im Meistersaal am Borsigturm, Am Borsigturm 11, 13507 Berlin


2012 Berlin Real Estate Conference held in Berlin


Baugruppe, another way to a new home in Berlin

There are several ways to buy a new home in Berlin.

  1. used flat
  2. new flat from a developer
  3. new flat as a cooperative (Baugruppe)

1. buy a used flat or house, most often via Immobilienscout24.de .

2. buy from a developer either an old rehabed building or a new buildt building. This offers are typically find in Immobilienscout24 as well but there is a special site called: neubau-kompass.de.
risk / maintenance goes down, price is higher than a used flat.
There are fakes on the market, they play developer but they only do a paint job.
As you will have a5 years warranty on the everything the developer build or replaced its important to know what he will deliver.
This you find in the “Baubeschreibung” (a description of the quality of construction).

3. A way most people don’t know about, are “Baugruppen” which directly translated means “Building Groups” in southern areas often referred to as cooperatives. The main idea: The “buyer” become part of a company, that actually cuts out the developers. With all the risk and benefits. Often those groups are initiated by architects (some more professional other because they want to buildt their own home). In fact the projects are often well planed, it takes more energy so, because the groups have to discuss their way, but in the end the product is often better or cheaper or both. Some of them have a social or green aspect often both. There are weekly meetings to get in contact with those groups, check the links below.

Information on Baugruppen / Building Cooperatives in Berlin

Baugruppen Architects for cooperative building projects

For a Google search use this terms:


The Natulis Group is planning 89 residential units for sale at Scharnhorststrasse 30-32 in Berlin’s Mitte district. From August 8 to 30, 2012 Natulis Art Temporary offers 9 free studios for artists on the plot. Which is at least for Berlin a new way to attract attention for a property development. The 3.500 sqm plot is close to the new main train station and the development area Europacity. Their selling prices should be between 2.750 €/sqm and 6.300 €/sqm. A total sales volume of nearly €40mn is expected. Ziegert Bank- und Immobilienconsulting has been commissioned to perform the marketing and sales.

Source: Natulis AG & THOMAS DAILY GmbH


Research: Housing prices in Germany have room to rise

DB Research recently (29.06.2012) published a study regarding property prices in the euro area.

Euro area property prices: Germany versus the rest

Subjet of the study are prices of residential properties in the euro area.

While in all euro markets the prices for residential real estate are above the long-term average affordability, its opposite for Germany.

DB Research:

The exception to the general picture of overvalued markets is Germany, where
fundamental values remain at historical lows despite some price increases in
recent years. Given Germany’s status as a safe haven in Europe for investors
and in view of Germany’s likely economic outperformance of other European
countries we envisage further price gains in the German real estate market.
Prices are likely to rise fastest in cities with more than 500,000 inhabitants.

Get the full report by email.

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