Exquisite apartment in a new complex, Reinickendorf-Tegel, Berlin, Germany

From 996,000 €

Apartments in total: 18

Completion: 2021

Minimum price: 996k €

Floor areas: 140—140_m²

Maximum price: 996k €

Minimal price per m²: 7,101 €

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German law protects the investor: payment is made by installments, and if the developer fails to complete construction, the money will be reimbursed in full.

Annual price per sqm growth by 5 — 10%*
Location with high rental demand
The #1 city for property investment in 2021 according to PWC*
Market stability during the crisis

*According to guthmann.estate, pwc.com

Description

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Number of buildings: 2
Apartments in total: 18
Number of bedrooms in apartments: 3
Location: Reinickendorf-Tegel
Developer: disclosed upon request

The project consists of a pleasant new building ensemble housing just 18 upscale condos spread across two buildings. You can choose between various floor plans with 2 to 4 rooms, living areas of 65 to 140 m² as well as a garden, balcony or rooftop terrace.

The complex with elegant architecture has detail-rich facades and includes underground garage, bicycle storage spaces, passenger lifts, garden area.

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Facilities and equipment in the house

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Garden
Underground parking
Elevator

floor-to-ceiling windows with electric shutters
real wood parquet
underfloor heating
sanitary outfitting from Villeroy & Boch, Grohe

Features of the flats

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Quality sanitary ware
Floor heating
Balcony or terrace
Wood parquet flooring
Floor-to-ceiling windows

Location

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The green Berlin city district of Reinickendorf, where the country houses of the former villa colony Waidmannslust shape the architectural style of the area is the perfect place to live. This residential quarter offers a highly liveable environment with very good infrastructure, comfortable connections to the city of Berlin and local recreation right on the doorstep.

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What is the cost of maintaining the property? How much should I budget for legal arrangements? Can I rent this property out?

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More properties

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

You can see more apartments for sale in Reinickendorf-Tegel elsewhere on our website.

Getting a mortgage loan in Germany

Foreigners may apply for a mortgage loan amounting to 50–70% of the property value at 1.5–2% per annum.

If an applicant seeks a mortgage at a bank where the applicant already has had an active account in recent years, an approval will take less time as the bank will be able to quickly assess the applicant’s capacity to pay back the loan.

50–70_%

property value lent as mortgage loan

1.5–2_%

mortgage rate at a German bank

65_years

maximum permissible age of the applicant by the end of the loan term

20_years

average mortgage loan term

Discuss with a specialist

How to choose a rental apartment in Berlin

Choose the neighbourhoods with developed infrastructure, price growth potential, and high rental rates.

Set a budget and consider a mortgage Tranio recommends budgeting for at least 300,000€ and additional costs of 10–15% property price.

Consider several options to choose the best one. However, do not delay in booking a good property. The market is highly competitive, and another buyer might snatch at the apartment in a couple of days.

Svetlana Larionova,
Real estate expert in Germany

How Tranio helps to buy an apartment