Looking over the period of the global financial crisis so far, German property has weathered well. From the graph above, it is noted that new build units which are often bought by international investors have shown an increase of nearly 25% across Germany. Interestingly, existing apartment blocks which are the mainstay of ProVenture offers are only recently feeling price pressure. Whilst there a wide variations across Germany, this gives a favourable view as to pricing in the coming years, as supported by a recent article by Credit Suisse.
Credit Suisse report that the mini-boom is to continue in residential sector for next 2-3 years, supported by 3 factors: What are those 3 factors? – find out here…
Two tickets from Bremerhaven to the stars
News emerges that a Californian Space company XCOR has plans to launch flights into space from an airfield near Bremerhaven – flights are expected to cost €71.000 and be a competitor to Virgin Galactic
– The Spigel Article
– Read the Spigel article translated into English
Latest Property Offers
Leipzig Singles
35,000€ | Leipzig
Potential Yield: 9.3%
Type: Residential
Approx. Size: 62 sqm
This apartment is located only 2km from the city centre of Leipzig in a very peaceful area, around 5 mins walk from the tramstop. Its wooden windows are a particularly attractive feature of this fourth floor property, which can be accessed by lift.
35,000€ | Leipzig
Potential Yield: 8.81%
Type: Residential
Approx. Size: 61 sqm
This well refurbished apartment is located in an attractive art nouveau building, built around 1900. Complete with a balcony and quality laminate flooring throughout, this two room, 61m2 apartment is a bargain price of €35,000 – even more so considering a yield of 8.81% is currently being achieved.
38,000€ | Leipzig
Potential Yield: 8%
Type: Residential
Approx. Size: sqm
For sale here is a third floor, one bedroom apartment located 2.5km from Leipzig city centre. The apartment building, built in 1993, is complete with a lift. Plenty of parking spaces, good infrastructure, multiple shopping opportunities and a Doctor’s surgery can all be found in the immediate area. Although this apartment is currently empty, due to its location and quality it would be no problem to rent out fast. When rented out, a yield approaching 8% can be expected, based on modest local area averages.
69,500€ | Leipzig
Potential Yield: 7.86%
Type: Residential
Approx. Size: 84 sqm
This package consists of two well refurbished apartments towards the east of Leipzig. Both apartments have balconies overlooking a park. The building is equipped with a lift. With a combined floor area of 84m2 and a current yield approaching 8%, the purchase price of €69.500, which includes car parking spaces, represents good value.
59,500€ | Leipzig
Potential Yield: 7%
Type: Residential
Approx. Size: 72 sqm
Located just 5km from the city centre, this apartment is attractive and well laid-out.
Its location near to parks and to the many leisure facilities in the surrounding area, would well suit the needs of a family, who might also want to take advantage of its south-east facing balcony.
26,000€ | Leipzig
Potential Yield: 8.77%
Type: Residential
Approx. Size: 38 sqm
This apartment is located in a peaceful area in the north of Leipzig around 20 minutes from the city centre by public transport. In an ideal location for tenants who need convenient access to Leipzig Messe and/or the airport, this unit is compact in size and also boasts its own terrace.
Magdeburg
300,000€ | Madgeburg
Potential Yield: 10.75%
Type: Residential
Approx. Size: 520 sqm
This ten-unit property is located in Buckau, located just south of Magdeburg city centre. Built in 1955, it was completely restored in 1997. The apartments are 44-59 sqm, with eight out of the ten units equipped with balconies. All units have laminate flooring, with bathrooms in excellent condition. The building has got central heating and plastic windows throughout. The immediate location is quiet, with buses and tram stops 3 minutes walk away, with a regular service into the city centre. On the other side of the nearby River Elbe to the east is the Rotepark, an attractive, well-used public park.
445,000€ | Madgeburg
Potential Yield: 9.5%
Type: Residential
Approx. Size: 674 sqm
This property, located in the increasingly popular area of Stadfeld Ost, consists of 10 residential units, 5 sized at approx 60 sqm, and the other 5 at 75 sqm, all with large, attractive balconies. In 2009, the building was refurbished, with completely new windows, roof and electrics. Four of the units, (top floor and ground floor units) were completely refurbished at a cost of 120.000 EUR. The property also has two garages and four car parking slots.
The area is close to a park, and a short journey away from the city centre. Stadfeld Ost is a popular area for tenants, with its nearby transport links, and a mixture of nearby shops and amenities including hairdressers, bookstores, chemists and clothing stores. It also has a very popular nightlife scene. Stadtfeld Ost has the most inhabitants (24,000) of any of the Magdeburg districts, and the youth element of its demographic make up is higher than the city average.
39,500€ | Madgeburg
Potential Yield: 7.29%
Type: Residential
Approx. Size: 50 sqm
This cozy 50m2 apartment can be found on the first floor of a side building. Divided into 2 rooms, a fitted kitchen and a bathroom, this property is located close to the city centre and to the main train station. A particularly appealing feature of this property is its terrace which provides direct access to a green courtyard, where tenants can relax and enjoy barbecues in the summer.
Chemnitz
24,000€ | Chemnitz
Potential Yield: 10%
Type: Residential
Approx. Size: 40 sqm
This monumentally protected property was built in 1920 and completely refurbished in 2003. With a floor area of 40m2 which consists of two rooms, a kitchen and a bathroom, this property is well laid out. There are conveniently close public transport link, and shops and other amenities are also close by.
29,000€ | Chemnitz
Potential Yield: 10%
Type: Residential
Approx. Size: 57 sqm
Consisting of 9 apartments and a corner shop on the first floor, this apartment building was built in 1884 but fully mordernised and renovated in 1992/1993. On offer here is a two room apartment, comprising of 57m2 in Schloßchemnitz, which is a great location in terms of both quality of life for tenants and returns for investors; tenants here enjoy many green areas to relax in, good facilities and high quality restaurants etc, whilst investors benefit from long rental contracts and good yields arising from the fact that tenant demand is high in this area of the city.
35,000€ | Leipzig
Yield: 9.6%
Type: Residential
This appealing 3 room family apartment in Chemnitz Hilbersdorf is already rented out achieving a yield of 9.6%. A brand-new, high standard kitchen and quality laminate flooring were fitted at the start of this year (2012). Its south facing balcony can be accessed via the kitchen.
Wuppertal
240,000€ |
Potential Yield: 8.24%
Type: Residential
Approx. Size: 304 sqm
Situated in the bustling city of Wuppertal, this residential property, set over 4 floors, contains 5 apartments. is located on the border of Wuppertal’s most affluent neighbourhood, Brill. Built circa 1910, this apartment building is the perfect example of an old Wilhelmina style property, renovated to modern living stands, whilst keeping its original features.
316,000€ |
Potential Yield: 9.27%
Type: Residential
Approx. Size: 374 sqm
Situated in the bustling city of Wuppertal, this residential property, set over 5 floors, contains 7 apartments. is located on the border of Wuppertal’s most affluent neighbourhood, Brill. Built in 1910, this apartment building is the perfect example of an old Wilhelmina style property, renovated to modern living stands, whilst keeping its original features. Over the last 5 years, this building has never had any extended void periods
935,000€ | Wuppertal
Potential Yield: 8.73%
Type: Residential
Approx. Size: 1911 sqm
Situated in the bustling city of Wuppertal, this large residential and commercial property, set across 3 adjacent buildings, with 26 residential and 6 commercial units is located close to the famous cable car, numerous green areas and in the central location of Wuppertal-Oberbarman..
Built in 1957 it underwent renovations to the façade and balconies in 2011. The apartments all have decentralised gas heating. Currently there are 7 vacant apartments and a vacant commercial unit in the rear building. In addition, the are 11 parking places, 8 of which are vacant.
368,500€ | Wuppertal
Potential Yield: 10.21%
Type: Residential
Approx. Size: 739 sqm
Situated in the bustling city of Wuppertal, this property contains 7 residential and 2 commercial units is located close to the famous cable car, numerous green areas and in the central location of Wuppertal-Langerfeld. Built in 1909, it is in need of some renovation to modernise the apartments are tenants leave, but the structure and façade are very sound. The heating is presently gas centralised and the windows are PVC double glazing.
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