Greetings!
Further news released by the German Government giving evidence the Germany economy is recovering stronger than previously forecasted.
Certainly the start of the year has started with a bang and we are witnessing strong activity in the Berlin market with many properties changing hands and a shortage of good quality properties seems apparent. |
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Germany Hikes Growth Forecast for 2011 |
BERLIN - Germany will grow much faster in 2011 than previously expected, the government said Wednesday, as Europe's top economy continues to motor ahead despite the eurozone debt crisis raging around it.
The economy is set to expand by 2.3 percent this year, the latest official forecast said, a sharp hike from the 1.8 percent estimated in October as Europe's powerhouse continued an impressive bounce back from a deep recession.
"The upswing is on firm ground and is now self-sustaining," Economy Minister Rainer Bruederle said as he presented the report in Berlin.
As the economy powers ahead, so Germany's unemployment rate is slated to fall further in what has been dubbed a "jobs miracle". Berlin expects an average jobless rate in 2011 of seven percent, after 7.7 percent in 2010.
The positive growth figures are also set to help Germany return to below the European Union's three-percent limit on public deficits. The 2011 deficit should be 2.5 percent of gross domestic product, the minister forecast.
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Latest Block Investments |
Kreuzberg
Package of three residential blocks in a very highly sought after location.
Year: 1888 - 1910
Residential Units: 37 (3,069.14m2)
Commercial Units: 5 (348.85m2)
Net Rent: 220,882.80EUR
Purchase: 3,750,000.00EUR
Price per m2: 1,098.10EUR
Yield: 5.89%
  
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Moabit
Modernised Residential and Office Building in Central Location.
Year: 1905
Residential Units: 11 (773.73m2)
Commercial Units: 3 (472.00m2)
Parking Spaces: 9
Net Rent: 109,388.16EUR
Purchase: 1,550,000.00EUR
Price per m2: 1,244.21EUR
Yield: 7.05%
 
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About Us:
Buy Berlin is an established independent company specialising in providing a full turnkey solution for solid Berlin investment for investors and funds looking to purchase Berlin real estate. With offices in London & Berlin and our team of bi-lingual staff, we are well positioned to assist our clients throughout the whole buying process whether you are looking to buy a single Berlin Apartment or Berlin Apartment Block.
Buy Berlin have built close relationships over the last five years with owners, developers and agents to offer our clients the best properties in the best locations and as the German property market increases we are extending out to other German cities. We are now offering a specialised service for clients looking to buy in Hamburg, why not check our sister site BUY HAMBURG
Services include:
· Bespoke property search
· Financing
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· Inspection trips
· Resale Division
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