400.000 visitors of 3.4 mio berlin visitor are families (mom, dad and kid(s)) therefore the suplly with kidfriendly hotels in Berlin is not very good. A wellknown Berlin based Hotelprojectdevelopment company wip Willmeroth Projektentwicklungsgesellschaft mbH wants to change this. They just have aquired Berlins biggest existing indoor pool form Liegenschaftsfond Berlin, a real estate asset management company owned by the municipality.
The 35.000sqm site is located at Buschkrugallee in Berlin-Britz (a subdistrict of Neukoelln). The developemnt includes a 3 to 4star hotel and othe facilities like a outdoor steamroom area.
The idea behind the holiday park is to attract loacl families as well as visiting families (tourists).
Not the standard hotel pproject idea so, and the location formerly known as “Blub” is well kown by the Berliners.
Categories: News.
By Admin
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November 13, 2009 at 11:26 am
spotting property out of foreclosure is demanding but rewarding. If you would like to know more about how to spot Non Performing Loan (NPL) / foreclosure property, what are the relevant websites and which serviceproviders you need to consult, please drop us a note by email and we wil get back to you as sson as possible.
Categories: Research.
Tags: auction, berlin, foreclosure, non performing loan, npl, propertyauction
By Admin
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September 28, 2009 at 1:40 pm
According to Deutsche Startups (DS), a Berlin based company screening and reviewing the German startup market Berlin is internet startups darling. The original post (in German) explaining the database and the way DS chrunched the numbers can be found here: Gruender lieben Berlin.
Categories: Research.
Tags: berlin, entrepreneurship, founding a company in berlin, place to be, startup berlin
By Admin
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September 10, 2009 at 3:49 pm
Talking to entrepreneurs in cities like Munich, Stuttgart or Mannheim, its always the same picture. Because of very low unemployment rate in the south of Germany its hard to find qualified people. If they find people they have to pay much higher wages because of higher costs of living in the rich cities of the south. Alone 30% up to 50% of household income is due for the monthly rent and side costs. Now look at Berlin, scary high unemployment rate, even among academics. Because of the magnetic power of the city thousands of young academics rather choose to be “poor but sexy” (as the major of Berlin use to say) instead of staying well payed in an unchallenging (in the meaning of creativity) inviroment. On top Berlin rents are way smaller than Munich or Frankfurt or Hamburg rents. My conclusion or rather question: When do national and international decision makers get the point that they can get professional much easier in Berlin on a lower wage than anywhere else in Germany (and even anywhere else in Europe?) Just pay your people with the Berlin Bonus.
Categories: Opinions.
Tags: attractivness of berlin, berlin, cost of living, entrepreneuership berlin, founding a company in berlin
By Admin
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September 10, 2009 at 3:48 pm
If you are bidding 1.250.000 for a property that is advertised with 1.700.000 with a 7.7% yield and a squaremeter price of 950 Euro in an up-and-coming area, then your yield expectations are to way to high at least for our company and the properties we are able to offer. We can try to find a property for you in an foreclosure or regular property auction. This comes with more risk but better yields (as always in life). We advice investors along this process based on consulting fees, charged by workdays, payed upfront.
Important note regarding buying property out of auction:
Please consider, you need to have 100% plus court fees as equity (=cash) available, because the auction process is like a black box for the bank, and they don’t even give money to Germans in this case.
Categories: German Property Tips, Opinions, Uncategorized.
Tags: berlin property, highyield property, propertyauction, real estate investments in berlin
By Admin
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September 10, 2009 at 3:45 pm
Berlin-Mitte and especially every location below Torstrasse is gaining momentum while locals as well as international buyers demand drive rental prices to so far unexpected hights.
Especially big flats with miore than 3 rooms, as well as flats offering barrier-free features are in high demand. TLG Immobilien a big real estate investor (strong in East Germany) just finished an heritage building in Max-Beer-Str. 3. The 4 vacant flats were advertised for 4 days, 40 people showed up at open house and 30 people actually showed interest in renting.
Astonishing enough the flats had no balcony and no elevator, but are nicely restorated.
Nevertheless the formerly named 10 Euro frontier even for good located well equipped flats seem to vanish. In this case TLG asked and got 10 Euro per sqm cold rent.
A new builidng in Ackerstr. is rented for EUR 13 and the renter had to bring his own kitchen.
At Elisabethkirche asking price is EUR 15, and I am sure they will get it.
Categories: News, Opinions, Research.
By Admin
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May 12, 2009 at 12:15 pm
main reason for Berlin top restaurant shiro-i-shiro to close doors are rental prices in there very nice berlin location at the corner of Münzstr. and Rosa-Luxemburg-Str. in Berlin Mitte.
Read articel in German from gourmet report.
Categories: Gossip, News.
By Admin
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May 12, 2009 at 12:03 pm
on this website you can check wether a certain location is top, good, average or poor.
Immobilien Kompass
For people with in depth location knowledge redundant, but very good for a first pre-check.
Because this map from German based Capital Magazin is a little bit general,
we do have our own free map, about were to invest (or were to live),
we ask your email and your buying interest in berlin real estate (selfuser, investor, size of your budget, non at all e.g. journalist, appraiser, just researching) in exchange.
please send a map request to: map@reberlin.com (this is not an autoresponder, you talk to a human beeing, please behave like it
)
Categories: German Property Tips, Research, Tools.
Tags: loctaion quality, map
By Admin
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February 18, 2009 at 9:34 am
According to Thomas Daily and AFIRE Association of Foreign Investors in Real Estate Germany is (together with switzerland) in second place. Details here.
Categories: News.
By Admin
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January 13, 2009 at 5:44 pm
A 16.000m² loft space called “Kaufhaus für Kreative” in the center of “turkish” Kreuzberg is another weak signal that Kreuzberg is up and coming among developers and others. Especially the region close to river spree seems to be one new focus for Berlin developers. Just a question of time when the first residential development will pop up there.
Categories: News.
By Admin
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December 10, 2008 at 6:52 pm