Berlin attracting British jet-to-letters
www.moneynews.co.uk > Housing market > Berlin attracting British jet-to-letters
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Money News |
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Berlin attracting British jet-to-letters
Thu 25th Jan 2007
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One of the major reasons behind the rise in popularity of housing in Berlin has been the fact that the German government is currently in the process of selling off many properties.
Another attraction of houses in Berlin is their relative cheapness - a two-bedroom apartment only costs an average of €80,000 (£52,700).
Germany has Europe's largest economy and is an attractive proposition for jet-to-letters as good deals can be enjoyed on mortgages in the country.
In a bid to snare British investors, BCI announced today that it will launch a ten-year no-hassle package designed specifically with the UK buyer in mind.
BCI director Fergal Creed said: "The rental pool has all ongoing costs built in - from management fees to maintenance and even any refurbishment required.
"Nor will investors need a hands-on relationship with the tenants, or even the management agency. This really is designed to be extremely low maintenance."
The first release includes 70 properties in two Berlin locations that are priced between €55,000 (£36,200) and €133,000 (£87,600).
Related News : Housing market |
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