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Berlin: Vacancy Rate on new 10 Years Low

Shortage of flats in good areas, rents grow.
Berlin runs short on rental apartments in good and very good locations.

According to the federation of the housing companies and housing cooperatives of Berlin and Brandenburg BBU the vacancy rate with in the central located districts hit the crucial bench of “below 2%

    Charlottenburg (vacancy rate falls from 2,2 to 1,9 %)
    Wilmersdorf (vacancy rate falls from 2,9 to 1,6 %)
    Prenzlauer Berg (no change, but very low vacancy rate of 1,5 %)
    Mitte without Tiergarten and Wedding (vacancy rate climbed from 1,6 to 1,9 %)

In all districts of Berlin the vacancy rate fall by 0.4% to a new 10 years low (3.5%), actually the lowerst since 1997 (3,3%). This rates reflects the number of 664.000 units managed by members of the federation.

The rents (netcold) climbed in 2008-2009 by 2,6% to 4,82 Euro/month.

About BBU:
The BBU is the federation of the housing companies and housing cooperatives with their place of business in the city of Berlin and in the federal state of Brandenburg. 368 housing associations, limited companies, joint stock companies and housing cooperatives are members of the BBU. Their housing stock comprises 1.1 million residential dwellings. Approximately 36 percent of the Berlin housing stock and 29 percent of the housing stock in Brandenburg is owned and administered by the members of the BBU.

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Plot Kastanienallee 63 Berlin Mitte Sold

Diamona & Harnisch bought Kastanienallee 63 in Berlin Mitte in Q1-2010
today the advertising on the plot was installed.

www.kastanienallee63.com (coming soon)

The company is envolved in some of the hottest luxury residential development in Berlin:

    Choriner Höfe in Berlin-Mitte
    Lychener Straße 53 in Berlin Prenzlauer Berg
    Fichtenberg Carré
    Diplomatenpark in Berlin Tiergarten

Email me if you want to buy, sell or develop residential buildings in Berlin.

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Get the PDF here.

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Emerging Trends in Real Estate Europe 2010

Emerging Trends in Real Estate® Europe 2010 Report

The prospects for development have declined fractionally, but as other cities
have declined further, Berlin has risen up the rankings
slightly, moving from 15th to 12th. Residential property is
favoured
. As one interviewee comments, “Berlin is an interesting
market for residential, ‘It is hip to live in Berlin.’ ”
This
is reflected in the investment recommendations, with 31
percent of respondents citing residential as the preferred
asset type, the highest proportion for any of the cities covered
by the survey.

Among the top tips from the report’s respondents:

  • Keep it simple: Go for “plain vanilla real estate investments that everybody understands.”
  • Best buys: Core is king. Stick to core and core-plus investments in large, liquid markets.
  • Development: For those with the stomach for risk, buy land and start building up a pipeline of projects. Residential and mixed-use are the best sectors.
  • Go for debt: Buy a bank or set up a lending platform. Now is a great time to lend on real estate, if you have the right skill-set and no legacy issues. Values are low and “the gap between cost of funds and loan margins is as good as it gets”. Or, buy distressed debt at a discount.
  • Green is good: Real estate is on the front line in the battle against climate change. “There is now a clear realisation that environmental and social responsibility is connected to economics. It has become an action issue.”
  • Get your copy here (PWC).

    or here (ULI).

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    New Berlin based online mag sugarhigh.de today features the lifestyle of the new berlin hotspot kreuzkoelln (north neukoelln).
    read the artcile here: “meet the kreuzkoellner

    Don’t know were Kreuzkoelln is located? Get our real estate investment map on BerlinInvestment.com.

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    According to BNP Paribas Real Estate (BNPRE) Investment Market Report 2010 turnover in commercial real estate investments trippeled in Q1/2010 compared to the same period in the previous year. This is the highest quarterly turnover since 2 years.

    For the Top6 Real Estate cities Berlin, Munich, Dusseldorf, Frankfurt, Hamburg, Cologne
    BNPRE reports ca. 2.86 bn Euro compared to 0.66 bn Euro in Q1/2009.

    Berlin again heads Big six

    By Q1/2010 turnover by city:

  • Berlin 1,07bn Euro (+612 %)
  • Cologne 447m Euro (+844 %)
  • Hamburg 480m Euro (+285 %)
  • Munich 614m Euro (+172 %
  • Frankfurt 158m Euro
  • Dusseldorf 90m Eur
  • Portfolio deals account for 30 % or 1.5 Bill. Euro
    Singel deals account for 70 % or 3.54 Bill. Euro

    Q1/2010 turnover by segment:
    Retail/Shoppingcenter investments account for 57%*?
    Office investments 26%

    Read the full 48 pages German Investment Market Report 2010

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    I bookmarked this in del.ico.us a day after it was published, and forgot about it, that is why I share this so late with you.

    Nevertheless the good news is this article is still more than true even 6 month after it was published and reflects my experience with the market.

    Berlin is coming into balance
    After a long period of excess supply, house prices now rising steadily.

    English Version (translated by Google Language Tools).

    German version

    Source: Die Welt
    Author: Stephanie Creutz
    Published: 25. Oktober 2009

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    Research Report “Retail Rents in Berlin 2010”

    Jones Lang LaSalle Retail Report Berlin:

    Berlin remains stable even during times of crisis, as reflected by the
    current situation on the retail property market.

    Berlin Retail Ticker – 1st Half-Year 2010 – English

    Berlin Retail Ticker – 1st Half-Year 2010 – German

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    Great Moments in World History filmed in Berlin


    Berlin History Opening of the Berlin Wall

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    Article about Berlin Nord Neukoelln

    Since a long time Nord Neukoelln is on our Berlin Real Estate Area Analysis Map.

    Now the wellknown and popular Berlin based Magazin Tip Magazin has published an articel about Nord Neukoelln.

    Read the English translation of this articel North Neukölln: avant-garde playground, auto-translated by Google here.

    Some quotes from the article:

    “Every few days, opened a bar, a studio or an art room, where previously only mattress discounters, Turkish mobile phone maker and resided shops. In the northern part of Neukölln exciting and courageous culture emerges beyond cocktail lounge, and White Cube Gallery.”

    The author of the article Jacek Slaski thinks what happens today in North Neukölln, has similarities to New York’s Lower East Side 30 years ago. In the 1970s and 1980s people moved into the rundown neighborhoods of Lower East Side in the southeast of Manhattan, because the Greenwich Village was too expensive and because of the network of creative people combined with empty and inexpensive space which transfoormed into an incubator platform for new ideas.

    I want to point out a note in the text mentioned by Igmar Beyer:

    “One is still here in the city center, which must not be forgotten”

    I think this is absolutely true, especially with the new tendence towards the South East with the new developments arround the river Spree between Friedrichshain and Kreuzberg and the new airport in the South-East.

    Read the whole articel in the print version.
    TIP 06/2010 page 28 to page 35.

    Note: After my company and I got nicely mentioned as “Gentrification in Action” in a blogpost (see trackbacks below), the publisher asked us not to use his article on our page, therefore we quote the highlights from our perspetive and give you a link to the article auto-translated by Google.

    We actually try to get a document from the publisher to be translated, obviously to buy a German print version does not really make sence to you?

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