To help investors take advantage of the favourable market conditions, David Stanley Redfern is offering a one-bedroom property in Berlin. Built in 1910 and refurbished in 2002, the building boasts historic charm combined with all the modern conveniences.
More recently, a solid performance by Europe’s biggest economy, Germany, has helped the eurozone economy appear to be withstanding economic tremors triggered by the US mortgage market crisis.
Facing a courtyard, with laminate floors, spacious rooms and modern bathroom fixtures, the 57 square meter apartment is not only attractive but also a sound investment.
While solid export demand has helped power overseas property Germany growth, the credit crunch has dealt a blow to key euro member states such as Spain, Ireland, and France where up until recently booming property markets have been a driving economic force.
Tuesday, 3 June 2008
Sit pretty in Berlin, and buy property.
Nearly 18 years after the Berlin Wall came down and 17 since Berlin once again became the capital of Germany Property, the city's government is making a curious offer. Ulrich Fiedler and Michael Werner were among them on eBay in Germany. "Our customers didn't come to Berlin property any longer," says Fiedler. "He kicked off by exhibiting the work of talented artists such as George Brecht, Morris Louis, Kenneth Noland, Stefan Wewerka, Jason Rhoades, Bernd Koberlin and Roberto Matta," says gallery manager Susanne Lenze. It is inviting British and Irish investors to buy property from its housing associations, which will continue to administer the buy-to-lets for the new owners. Reinhard Onnasch, a wealthy property dealer with a hang for art, opened his unlikely sounding El Sourdog Hex gallery last year at a prime location not far from the Checkpoint Charlie Museum, with its case histories of Berlin Wall escapes.
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