Going further into our series dedicated to our conference called “International Tour of Luxury Real Estate”! At the 4th Prestige MLS Congress, we like to watch our Members in action. Last Member interviewed was Rubina Real Estate, represented by Jenny Hirsch and presenting Luxury Real Estate in Berlin, Germany!
Prices are below the other two big cities in Germany, Hamburg and Munich, and are clearly inferior to the rest of the big capitals in Europe and worldwide
We always love to hear about real estate in Germany. The great expertise and professionalism of our Members in the country make it a pleasure to work with German agencies. Especially now that our Signature has expanded to a total of five agencies in the country! Located in the downtown area, our Member Rubina Real Estate agreed to give us an overview of Luxury Real Estate in Berlin.
Presenting the market was realtor Jenny Hirsch, although Rubina Real Estate CEO Carsten Heinrich was also in the audience on that day.
The interview with our 2013 Master of Ceremony Matthew Ferrara was always full of interesting facts and Jenny Hirsch brought some very interesting spotlights to major trends in the luxury property market in Berlin especially.
Key findings pointed out during the interview included:
- Berlin has become extremely attractive as a city lately
- Prices in Berlin Luxury Real Estate market show great potential for growth
- One new construction project is standing out in the Berlin property market
Berlin has become extremely attractive as a city in the last few years
Berlin has grown increasingly attractive for real estate buyers, and especially foreign investors. In the record year 2007 alone, the total volume of transactions in German real estate was approximately 190 billion Euros, of which about two thirds was investment stemming from foreign buyers. This is especially true for purchases of offices. Among the factors to explain this trend, the high degree of planning and legal certainty in Germany plays a part that should definitely not be underestimated.
Prices in the Luxury Real Estate Berlin market show great potential for growth
Compared to other major cities in the world, Berlin appears at the end of the list regarding price/sqm. In 2011, average house prices in Berlin stood below 2000 euros/sqm. This is below the other two big cities in Germany, Hamburg and Munich, and it is clearly inferior to the rest of the big capitals in Europe and in the world: Paris, London, Moscow, Madrid and even Athens.
One new construction project is standing out in the Berlin property market
Our Member Rubina Real Estate wanted to introduce a very innovative new construction project to our audience, and to their colleagues. The project will be located in Berlin-Mitte, a neighborhood with a very high potential and near the famous Friedrichstraße. It will include a full-service package, with the help of an international developer, all for a carefree investment. You may read more about the new construction on Rubina Real Estate website.
Interested in Berlin and the rest of the country? Discover luxury homes and luxury villas in Germany listed by our Members on the Prestige MLS website.