Go Back  British Expats > Living & Moving Abroad > Europe > Germany
Reload this Page >

Buying an apartment in Berlin?

Buying an apartment in Berlin?

Reply

Old Jun 26th 2017, 3:06 pm
  #16  
BE Enthusiast
 
Joined: Dec 2016
Posts: 335
Thairetired2016 has much to be proud ofThairetired2016 has much to be proud ofThairetired2016 has much to be proud ofThairetired2016 has much to be proud ofThairetired2016 has much to be proud ofThairetired2016 has much to be proud ofThairetired2016 has much to be proud ofThairetired2016 has much to be proud ofThairetired2016 has much to be proud ofThairetired2016 has much to be proud ofThairetired2016 has much to be proud of
Default 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.
Thairetired2016 is offline  
Reply With Quote
Old Jun 27th 2017, 6:00 am
  #17  
Forum Regular
Thread Starter
 
Joined: Jan 2008
Posts: 82
smudge1 has a reputation beyond reputesmudge1 has a reputation beyond reputesmudge1 has a reputation beyond reputesmudge1 has a reputation beyond reputesmudge1 has a reputation beyond reputesmudge1 has a reputation beyond reputesmudge1 has a reputation beyond reputesmudge1 has a reputation beyond reputesmudge1 has a reputation beyond reputesmudge1 has a reputation beyond reputesmudge1 has a reputation beyond repute
Default Re: Buying an apartment in Berlin?

Originally Posted by Thairetired2016 View Post
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.
Thanks for your comments Thairetired2016. It certainly seems like there are far more cons than pros in buying property in Berlin and my son has decided against the idea, for which I am relieved. Thanks for all your input everyone!
smudge1 is offline  
Reply With Quote

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us Archive Advertising Cookie Policy Privacy Statement