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Property Investment Regions in BerlinMitteThe Brandenburg Gate is Berlin's most famous landmark in Mitte and is the emblem of the city."Unter den Linden", the famous boulevard, leads from here to the Schlossbrücke bridge and each of the properties along it has its own story to tell. Humboldt University, the State Opera, the Comic Opera, the armoury and the Crown Prince's Palace are just a few of its best-known sights. The imposing group of grand classical buildings on Berlin Museum Island has been designated a UNESCO World Cultural Heritage site. Alexanderplatz square with its cold yet impressive high-rise buildings remains the centre of East Berlin, dominated by the 365-metre television tower. Elegant Friedrichstrasse's boutiques and upmarket department stores are places to shop and browse. Exclusive and quirky shops, chic cocktail bars and bohemian courtyards crowd together in the Hackesche Höfe complex. The reconstructed Nikolaiviertel quarter has preserved the charm of a small 18th century town. Gendarmenmarkt, designed by Schinkel and considered one of the most beautiful squares in Europe, with its Concert Hall and the German and French Cathedrals, lies close to the prominent domed building of St Hedwig's cathedral. Potsdamer Platz at the heart of Berlin extends across the Mitte and Tiergarten districts. Wedding is a district in the borough of Mitte, Berlin, Germany and was a separate borough in north-western Berlin until it was fused with Tiergarten and Mitte in 2001.The former borough of Wedding included the district of Gesundbrunnen. Tiergarten (Animal Garden) is the name of both a large park in Berlin and a neighborhood within the borough of Mitte. Before German reunification, the borough of Tiergarten was a part of West Berlin. Before Berlin's 2001 administrative reform, Tiergarten was also the name of a borough, consisting of the current neighborhood of Tiergarten (formerly called Tiergarten-Süd) plus Hansaviertel and Moabit. A new system of road and rail tunnels running under the park is located in the neighborhood, and Berlin's new central station, Berlin Hauptbahnhof, is located nearby in Moabit. In Wedding and Gesundbrunnen there are high levels of unemployment and high levels of residents living on social welfare. Foreigners make up a high percentage of the population resulting in a multi-cultural environment with a strong Turkish and Arabic presence. There is a vibrant artists' community in Wedding with many informal galleries/studios which have been established to show their works. Due to Moabit's proximity to the new Government District, many new buildings are being built there, such as for example the Federal Ministry of the Interior. In general properties in Moabit are mid market style and quality as there are not many high end altbau or new build up-market residential units in Moabit. In general the realatively cheap good quality housing close to the centre of the city make this an attractive area for investment. Vacancy Rate – 4.8% (Berlin Average 4.5%) Rental levels – 6.5-7.45 Eur per Sqm (Berlin Average 6.25 – 6.40 Eur) Unemployment – 16.4% (Berlin Average 13.6%) Rental demand for new letting – trend upward strongly Afford ability of rent (% of net income) – 31.2% (Berlin average 26.6%) |