Investors in Berlin property will be pleased to hear that Berlin is will be even accessible from January 2008. Lufthansa has added a new route from London City Airport to Berlin-Tegel.
Overseas property investors have been attracted to Berlin a city that houses a population that prefer to rent rather than buy. Its strong rental market is made even more attractive by its low priced real estate stock.
Berlin appears to be a great place to buy investment property it has kept low property prices while prices all around the world have been steadily increasing. This makes Berlin a viable market for those overseas investors looking to invest their money in Germany.
The Berlin Advantage includes:
Low entry level compared to other cities around the world
Strong rental market
Most properties already have long term tenants
Demand is high as the property offer guaranteed rent
Property prices expected to rise fast over the next 5 years
The Lufthansa announcement only adds to the attraction of Berlin Investment property. It is reported that the German national airline will launch the twice-daily non-stop flights on January 14, 2008. Its regional partner Eurowings will operate the service.
Marianne Sammann, Lufthansa’s General Manager UK and Ireland, commented: “With Lufthansa’s new non-stop service, Europe’s emerging conference and exhibition metropolis, Berlin, is now just around the corner from London’s financial district and the perfect destination for this speedy new service.
The good news is that one-way fares in Economy Class will be available from £45, while return fares start from £79. Business Class return fares start at £729 including all taxes and charges.
The introduction of this new route brings the total number of Lufthansa flights operating out of the Docklands airport to 78 (from 66) per week.
