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%