And the city still retains its hip, grungy veneer, attracting artists and creative types in droves, sprawling metropolis increasingly gaining the air of luxury that was unthinkable just a few years ago. This is especially true in the expansion of the real estate market, where developers have spent the last decade of the construction of luxury apartments in almost any area of the city.
Now comes word that Berlin is exceeding its own expectations: luxury condominium recently appeared on the market, offering high prices.
While property owners will not be able to reveal its price tag, some real estate agents estimate that it is North of 25 million dollars, amount which will be almost three times the current record of the city, the sale price of a home. Property developer, rayon diamona & harnisch sell, to comment on the price, only to say that it would be revealed “on-demand” moniker is often given the luxury homes of considerable value and size or just to maintain a certain degree of confidentiality.
Despite the eye-popping figures, however, some veterans of real estate brokers in the German capital actually not surprised.
“In a sense, it is not surprising, given the level of buyer demand in the city has seen over the past few years,” says Achim Amann, Director at black properties of the shortcut, among a small number of brokers engaged in the sale of the new requirements.
“The growth of the Luxury segment, is growing rapidly and prices rise much faster than anyone expected,” he says. “We see an increasing number of international investors who come here who are willing to spend on the very high end of the real estate market, and it was good for the economy of Berlin real estate.”
Black label, which was a kitchen and international clients in Berlin for more than two decades, holds offices in Berlin and London and contributed to the development of the real property partnerships in Asia and the middle East, where a constant flow of buyers investing in Berlin.
District diamona & HarnischThe the kitchen in the apartment in Diplomatenpark Berlin is pictured in an undated handout photo.
House for sale located in Diplomatenpark of Berlin, in the prestigious area of the city lined with luxury homes. It is part of the 10 new villas, including four constructed of rayon diamona & harnisch sells, the Developer of luxury condominium projects in Berlin.
The apartment occupies the three top floors of a house with a roof terrace and a large outdoor pool, covered in black Italian mosaic factory sicis. The house measures more than 10,000 square feet (or approximately 1000 square meters) with 3200 square feet (300 square meters) of terrace space.
There are six bedrooms, four bathrooms, three kitchens and three fireplaces. Gym and sauna with Wellness center are also included. Floor apartment consists of a clean to wash the surface of concrete in the public areas, as well as black herringbone parquet in private areas. It is also equipped with Underfloor heating, Mitsubishi the air-conditioning systems and modern audio/video systems.
District diamona & HarnischAn Diplomatenpark apartment in Berlin is pictured in an undated handout photo.
Expensive house hits the market in Berlin continues to enjoy growth in housing prices.
Condo prices per square meter on offer has grown by about 13 percent this year; about 64% over the past five years, according to the German real estate Association (IVD), elevating in the German capital is one of the fastest appreciating markets in Europe. The town now ranks high among the world markets worthy of increased investment in real estate, several international studies show.
After several years of decline, Berlin is now enjoying swelling the population increases.
In 2016, the city added more than 50,000 people to its population, which is now at 3.7 million.
Many of the newcomers were artists and other creative types who were attracted to cheap rents and the extension of night life. The infusion of artists helped the city to develop the creative center of Europe. Today, approximately 8,000 artists still was specialist social plan of the city of insurance, Künstlersozialkasse.
Berlin’s growing tech sector attracts large domestic and international companies such as Google, Siemens and Samsung, which have all opened startup accelerators in Berlin. They join Microsoft, the giant German software company SAP SE, and networking firm Cisco Systems in parts of Berlin the expansion of the tech landscape.
The inflow of private capital also helps Berlin. Venture capitalists invested €2.16 billion in total 264 offering of shares in German start-UPS in the first half of 2017, according to ey, a consultancy. This compares with €972 million in 248 deals in the first half of last year.
According 2016, the German startup monitor, 42% of all Berlin startup employees who are not citizens of Germany.
Sourse: abcnews.go.com
