spreetal living

BERLIN – SIEMENSSTADT, CHARLOTTENBURG

Price: €187,500 - €269,220

30% staged deposit

UP TO 5.2% RENTAL YIELD

German investment property overview: Spreetal Living, Berlin

Spreetal Living – named for its proximity to Berlin’s River Spree – is a modern high-spec development in Berlin’s western district of Charlottenburg. The scheme sits on the doorstep of Siemens City (Siemensstadt), soon to be home to Siemensstadt Square, Berlin’s ‘City of Future’ a major area of redevelopment.

Charlottenburg and neighbouring Spandau are Berlin’s greenest boroughs making them a popular residential area which also enjoy good commuter links into central Berlin. Plentiful parklands and good local neighbourhood amenities complete their appeal.

Spreetal Living features innovative studios, one and two bedroom apartments with oak parquet floors and upmarket brands like Villeroy & Boch and Laufen. Built over five floors, the building features an elevator and over half of the apartments have been specially designed to grant wheelchair access.

Only a five-minute walk from the development is the U-Bahn (Underground) station Halemweg which connects to Berlin’s major centres of employment in less than half an hour including Potsdamer Platz in 23 mins and Alexander Platz in 27 mins.

PROPERTY DETAILS

Summer 2024

30% on notarisation

Stage payments to follow

Freehold

42 units over 5 storeys: studios, 1 & 2 bedroom apartments

Available to overseas buyers in most locations with exceptions

Completion date:

Payment Plan:

Tenure:

Total No. of Units:

Mortgages:

Located in Charlottenburg, Western Berlin, a popular residential suburb with strong growth potential.

Experienced Berlin developer with an exciting portfolio: Casada

GERMAN INVESTMENT PROPERTY IN EUROPE’S MOST COMETITIVE RENTAL MARKET: SPREETAL LIVING, CHARLOTTENBURG, BERLIN

Prices from €187,000 with up to 5.2% yield

Energy efficient homes with smart operating systems designed to appeal to a range of renters; young professionals, families and retirees

Berlin is one of Europe’s most competitive rental markets, chronically underserved by new build properties with local agents estimating the price of new build apartments in the city to rise by as much as 130% by 2033 and rents by 63% over the next 5 years. CBRE reported a 0.8% vacancy rates in apartments in the city in the first half of 2023.

LOCATION

Although Spreetal Living’s address is Charlottenburg, its location is probably better classified as Siemensstadt (Siemens City), a residential neighbourhood in Berlin’s western district of Spandau, known for its historical significance as a former industrial area and now a UNESCO World Heritage Site. Today, the characterful neighbourhood enjoys a youthful vibe,

Attracting residents who enjoy its history and architectural significance, riverside walks and convenient proximity to amenities and public transport links. It’s only a five minute walk to U Halemweg where residents can access Berlin’s U Bahn, the underground train system. From Halemweg station the Ringbahn is just 2 stops, serving the entire city area, whilst the centre of Charlottenburg with its popular shopping mile the Wilmersdorfer pedestrian zone, is just 7 minutes.

By car, from the development it’s a 4-minute drive to access the A111 towards Hamburg and approximately a 10 minute drive to access the A115 towards southern Germany. BER Airport is around a 40-minute drive via the A100 city motorway.

Some of Berlin’s most famous landmarks and sites are on the doorstep including the Schloss Charlottenburg, the acres of parklands and woodlands known as the Jungfernheide, Lake Tegel (Tegeler See) as well as two public lidos.

TAKE A WALK

U Halemweg

Popitzweg (bus terminal)

Supermarket

River Spree

Jungfernheide

• 5 minutes -

• 6 minutes -

• 8 minutes -

• 10 minutes -

From U Halemweg

RIDE THE TRAIN

Zoologischer Garten

Savignyplatz

Charlottenburg

Nollendorfplatz

Friedrichstrasse

• 13 minutes -

• 14 minutes -

• 15 minutes -

• 17 minutes -

• 23 minutes -

Potsdamerplatz

Alexanderplatz

Hackescher Markt

Reichstag/Bundestag

BER Airport Terminal

• 23 minutes -

• 27 minutes -

• 25 minutes -

• 33 minutes -

• 53 minutes -

*Times from S Bahn Journey Planner

Why invest in Berlin?

Berlin has one of the lowest vacancy rates in the world when it comes to rental properties and one of the lowest homeownership rates in Germany with only 16% of properties in the capital owner occupied.

Germany is one of the world’s largest economies, seen by property investors as a safe and stable environment in which to invest money for long-term capital gain. The stability of the German economy also contributes to lower lending rates which tend to be insulated from global market fluctuations, often making it cheaper to purchase property there.

Experts believe the property market is at the beginning of a steep curve in property prices due to unprecedented demand for rental properties and a reduction in the number of apartments available due to the construction slow down during the pandemic. This supply crisis is expected to hit the market in 2024/5, sending prices sharply upward.

Berlin properties are exempt from Capital Gains Tax after a 10 year period of ownership, therefore increasing the profit margin of property investments exponentially.

The population is expected to balloon to 4 million people by 2040 – putting further strain on an already undersupplied market of new build city centre apartments.

PWC listed Berlin as a top three investment destination for real estate – in the world!