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Contact an agent at Tranio.com, and we will help find the perfect property for you, wherever it may be.

New buy-to-let apartment in Prenzlauer Berg, Berlin, Germany

366,000 €
7,320 € /m²
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  • Total area
    50 m²
  • Bathrooms
    1
  • Yield
    3.7%
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Advantages

  • Reliable developer with 25 years of experience. Construction warranty for 5 years from the developer.
  • You can buy an apartment remotely.
  • The project is built according to efficiency standard KfW-55, which makes it possible to obtain a loan with a reduced rate.
  • Stage-by-stage payment for the purchase of apartments during construction.

Tenants

Lease concept — The owner of the apartment can use the services of a management company that rents the apartment. The management company will take care of all the operations of renting out the apartment: searching and inspecting tenants, bookkeeping, and control of the property. The projected rental yield (gross) is 2.96–4.42%.

Transaction costs

Brokerage fee 3.0% + VAT

Real estate transfer tax 6.0%

Notary & Land Registry fee 1.5%

Lawyer 1.0 – 1.5%

Location

The complex is located in the Prenzlauer Berg district. It is a green neighborhood with many sidewalk cafes and boutiques. The district is mostly inhabited by students and young families with children.

Much of Prenzlauer Berg's charm comes from the modernization of historic sites. A prime example is Mauerpark — once part of the Berlin Wall, it is now a lively farmers' market. The Kulturbrauerei is a complex of buildings from the 19th century, a former brewery. It is now a restored cultural center with various clubs, theaters and cinemas and concert venues.

Most of the residential and commercial spaces are restored pre-war buildings. There are few new construction projects, and they are in high demand.

Next to the complex is Humboldthain — research, development and manufacturing site, home to Germany's first startup center with a Technology and Innovation Park.

The project is close to the city center and its main attractions. You can reach the center of Berlin (Alexanderplatz, Brandenburg Gate) in 15–20 minutes by car or U-bahn.

More properties

If this property wasn’t for you, take a look at other buy-to-let apartments for sale in Germany.

You can see more buy-to-let apartments for sale in Prenzlauer Berg elsewhere on our website.

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    Svetlana Larionova
    Svetlana Larionova,
    Real Estate Expert Tranio Europe
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      Svetlana Larionova
      Svetlana Larionova,
      Real Estate Expert Tranio Europe
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      How to buy property with Tranio
      Enquiry

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      Meeting the partners

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      Offer selection

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      Viewing tour

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      Transaction closure

      Having chosen the best property, you will sign the sales or investment agreement (for development).

      FAQs
      • Can I get a mortgage abroad?

        It depends on the country. For example, German banks willingly offer mortgages to foreigners at 1.5-2 % per annum with LTV up to 70%. Spain offers less favourable terms: the minimum rate for foreigners is 2.5% per annum. The situation is different in Greece: although the law does not prohibit banks from issuing loans, in practice, Greek banks don’t issue loans to local nor foreign property buyers. You can learn about the mortgage terms in your preferred country by contacting Tranio’s local agents.

      • How does the purchase procedure work?

        The purchase procedure depends on the country where you buy property. Generally, after choosing a property you need to sign a preliminary agreement with the seller and carry out a due diligence of the property by checking the relevant documents and the property's technical condition. After that, all parties sign the sales agreement and the notary registers the transaction. As a rule, the purchase registration costs amount to approximately 10% of the property price.

      • Can a residence permit be obtained by buying property?

        In some countries it is possible. Residence-for-property purchase programmes are known as Golden Visas programmes. Greece, Spain and Latvia offer the most popular Golden Visas in Europe. The Greek residence permit is the cheapest and can be obtained by buying a property worth at least €250,000, while organising all of the documents costs about €19,000. Certain countries offer citizenship to property buyers — for example, an investor can get their hands on a Turkey passport by buying a property worth at least $400,000.

      • Is it possible to make money off a flat in Germany?

        Yes. You can rent out your flat on a medium- or long-term basis. To relieve yourself of the burden of finding tenants, hire a management company, which usually costs about 10% of the rent. It is best to buy a flat close to the city centre, near the metro, cafés, shops and parks. We recommend choosing small flats, as they generate more income per square metre and are easier to sell. To get an idea of the rental income this flat can generate, look at advertisements for similar properties in this area.

      • How does Tranio make money if your service is free for the clients?

        We share the commission, which the buyer or the seller (depending on the country) pays to our partners — foreign real estate agencies. The price of this service is the same as if you contacted the agency directly — this is an important condition and applies to all of our partnership agreements.

      • Who guarantees the transaction security?

        The transaction security is guaranteed by the notary who draws up the sales agreement and checks the information on the previous and current owners of the property, any outstanding restrictions, mortgage, and third-party encumbrances. Tranio is not responsible for the parties involved in the transaction.

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