Working hours: Sun-Thu 9AM-6:30PM, Sat 10AM–3:30PM

Central Berlin - The most undervalued city in the strongest economy in Europe

1 2 893.00
AED 2,102,000

Type:Apartment
Built Up Area:893.00
REF:MD-S-3624

Only AED 820,000 deposit needed and tax-free after 10 years of holding.

 

 

Berlin is arguably the most undervalued developed 1st World city globally. With property prices still half those of its neighboring cities of Frankfurt, Hamburg and Munich, we are seeing faster growth in Berlin than all others. Konstanzer is a luxury new build in one of Berlin’s most prestigious neighbourhoods, Charlottenburg. This area of the city enjoys a high quality of life and has excellent access to public transport. Berlin’s population is booming as an increasing number of people move to the city drawn by a strong economy and job prospects. The German capital’s economy has been on a strong upward trend for over 10 years now, however, as people have moved to the city building efforts haven’t been able to keep up and a significant housing supply/demand imbalance has developed.

 

 

We work with German-based mortgage brokers and management & letting companies and ensure that our clients have an end-to-end service, making the whole process much simpler.

 

 

  • If investors hold their property for 10 years they will pay 0% capital gains tax
  • New build with private terraces for all units and communal green space on ground level
  • A cheap Euro compared to the USD on historical averages
  • 1-bed and 2-bed high specification apartments
  • 2- minute walk to Konstanzer U-Bahn Station
  • 3- minute train ride on the U-Bahn to Kurfürstendamm, 30 minutes to Alexanderplatz
  • Apartment sizes from 54 to 95 square metres
  • Freehold
  • Estimated completion June 2019

 

 

Mortgage:

 

 

  • 10-year year fixed rate mortgages of 2.3 – 3.25%
  • Loan to Value (LTV) is 70%

Key Facts:

  • Projected gross yields of up to 4.42%
  • 10-Year Returns without mortgage – 79.2%
10-Year Returns with mortgage – 141.5%
Built In Wardrobes
Carpets
Central Heating
Community View
Fully Fitted Kitchen
Fully Furnished
24 Hours Maintenance
Bank/ATM Facility
Basketball Court
Beach Access
Bus Services
Business Center
Children's Nursery
Children's Play Area
Clubhouse
Communal Gardens
Cycling Tracks
Fitness Center
Golf Club And Clubhouse
Laundry Service
Metro Station
Mosque
Public Park
Public Parking
Public Transport
Recreational Facilities
Restaurants
School
Shopping Mall
Shops
Sports Academies
Squash Courts
Tennis Courts
Valet Service
Walking Trails
Kika Pavese

+971 558239744

kika@mduae.net

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