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+974 4435 8896

P.O Box 19385, JW Marriott Marquis, City Center, Doha

© 2019 THE AGENCY real estate

All Rights Reserved

Gartenhaus Berlin

﷼322,000.00Price

Developer                                     Ten Brinke

Architect                                        Ruthnick Architeckten

Total Number of Units              29

Completion Date                        Dec. 2020

Location                                         Rathenower Strasse 13, Berlin 10559,

                                                          Germany

Located within walking distance of Europacity, Gartenhaus residents will directly benefit the district’s growing number of employers, businesses and services.

 

Neighborhood                             Mitte

Price Range                                   Studios: EUR222,000 – EUR238,000

                                                          1 Beds: EUR322.000 – EUR465,000

                                                          Average Price PSM: EUR7,045

                                                          0 (zero) parking spaces

Sizes                                                Studios: 31.73 sqm. – 33.94 sqm.

                                                          1 Bed: 48.96 sqm – 69.61 sqm.

Service Charge                             Approximately EUR3.50 PSM per month

 

 

PAYMENT PROCESS

▫ Acquisition Costs on Notarisation

▫ 30% due no earlier than 6 months after Notarisation

▫ Remaining 70% payments in line with MABV*

*The construction law in Germany stating that all payments must be made in line with construction.

 

MORTGAGE FINANCE

Upto 70% LTV*

* Subject to condition – please contact us for details

Why invest in Berlin?

People: Berlin’s population rose by over 60,000 residents in 2016 alone and is forecast to increase by a further 7.5% between 2015 and 2020

Housing shortfall: There is currently a backlog of 80,000 residential units and a requirement for an additional 20,000 completions per annum, but only 15,000 were supplied in 2017

Uplift: Capital growth rates have averaged 10.9% per annum since 2009

Demand: Berlin’s rental market has an extremely low vacancy rate of just 1.2% and owner occupancy rate of 15%