Buying an apartment in Berlin?
#16
BE Forum Addict
Joined: Dec 2016
Posts: 1,013
Re: Buying an apartment in Berlin?
German property market is booming, prices are very high, even in Berlin. We just sold an apt. Commission for estate agents varies. Many banks have their own real estate depts. Their fees are 3,7 %. Private agents like Engel & Voelkers charge a lot more. Berlin has a lot of problems with crime, some areas have almost become no-go areas. Unless you can live in the apt. frequently, I would not buy. You need someone to visit on a regular basis or you cannot get insurance. For the cost of maintaining it your son could stay in a serviced flat (wohnen auf zeit) for the periods he wants to visit. This is what we now do not not in Berlin.
#17
Forum Regular
Thread Starter
Joined: Jan 2008
Posts: 91
Re: Buying an apartment in Berlin?
German property market is booming, prices are very high, even in Berlin. We just sold an apt. Commission for estate agents varies. Many banks have their own real estate depts. Their fees are 3,7 %. Private agents like Engel & Voelkers charge a lot more. Berlin has a lot of problems with crime, some areas have almost become no-go areas. Unless you can live in the apt. frequently, I would not buy. You need someone to visit on a regular basis or you cannot get insurance. For the cost of maintaining it your son could stay in a serviced flat (wohnen auf zeit) for the periods he wants to visit. This is what we now do not not in Berlin.