Property Investment Regions in Berlin - Friedrichshain-Kreuzberg

Friedrichshain-Kreuzberg

If you like places with rather austere charm where style isn't so important and prices are rock bottom, Friedrichshain is just the right district for you.

In the old working-class district south of Karl-Marx-Allee you discover a nice neighbourhood. Lots of students have moved in here since 1991 or simply transferred over the Spree from Kreuzberg because rents in the old houses were quite low.

Wilmersdorf is an area of Berlin, formerly a borough but since 2001 part of Charlottenburg-Wilmersdorf. The Kurfürstendamm runs through the area. Wilmersdorf was a village near Berlin (Deutsch-Wilmersdorf) and was made a part of "Greater Berlin" in 1920. The borough with the name of Wilmersdorf included also the areas of Halensee, Schmargendorf and Grunewald.

Right by the Oberbaumbrücke, which offers a wonderful view across the Spree on both sides, is East Side Gallery, the longest remaining section of the Berlin Wall (more than 1 km long).

The artworks were created immediately after German unification - this is a piece of wall that was never painted in communist times. Here on Spreeufer is Speicher, an American-inspired amusement complex with discos and bars on 4 floors. A bit further to the east, directly under Warschauer Straße S-Bahn station, dance fans can swing a leg in Matrix. Around the corner you can relax wonderfully after all that running around in the living-room atmosphere of Karel Duba. Just a few steps away is Non Tox, where the weekend parties are full of subversive musical contrasts.

In recent years, Kreuzberg has become a fashionable area but has not lost its bohemian feel. Kreuzberg's multi-cultural life is a particular feature of the city's most populous district, once a melting pot of different nationalities, groups on the fringes of society, and the alternative scene when Berlin was a divided city. When the Berlin Wall fell, the area suddenly found itself in the geographical centre of Berlin and its proximity to the upmarket Mitte district brought the advent of fashionable restaurants and cocktail bars. No other part of Berlin is so multicultural. Here, people live together from over 180 countries. Es There is not only a large Turkish population, but also many creative people and intellectuals, and those who think they are. They live here because of Kreuzberg residential neighborhoods are still relatively inexpensive. . Still, as more and more beams in terms of real estate from the hip and the adjacent district of Mitte.

There are major restoration works under way in Friedrichshain which is developing at a fast pace but it still has large areas of vacant brown-field development space.

Friedrichshain shows a wider rent spread than any other borough in Berlin. It is an area with a young low income population which makes it liable to more dramatic changes in rent and sales prices which are currently low and have seen minimal change. An area to benefit more as other regions reach full occupancy and mitte prices increase. Friedrichshain is home to numerous design and media companies including MTV Central Europe. It is known for its many bars, clubs, pubs, and cafes, concentrated in the vicinity of Simon-Dach-Straße and Boxhagener Platz. While Friedrichshain was in East Berlin following re-unification there was a migration of the "Squat" culture into Friedrichshain, particularly around Rigaer Straße.

Vacancy Rate – 3.6% (Berlin Average 4.5%)

Rental levels – 6.4 – 6.75 Eur per Sqm (Berlin Average 6.25 – 6.40 Eur)

Unemployment – 16.7% (Berlin Average 13.6%)

Rental demand for new letting – trend upwards

Afford ability of rent (% of net income) – 33.9% (Berlin average 26.6%)