spreetal living
BERLIN – SIEMENSSTADT, CHARLOTTENBURG
Price: €187,500 - €269,220
30% staged deposit
UP TO 5.2% RENTAL YIELD
German investment property overview: Spreetal Living, Berlin
Spreetal Living – named for its proximity to Berlin’s River Spree – is a modern high-spec development in Berlin’s western district of Charlottenburg. The scheme sits on the doorstep of Siemens City (Siemensstadt), soon to be home to Siemensstadt Square, Berlin’s ‘City of Future’ a major area of redevelopment.
Charlottenburg and neighbouring Spandau are Berlin’s greenest boroughs making them a popular residential area which also enjoy good commuter links into central Berlin. Plentiful parklands and good local neighbourhood amenities complete their appeal.
Spreetal Living features innovative studios, one and two bedroom apartments with oak parquet floors and upmarket brands like Villeroy & Boch and Laufen. Built over five floors, the building features an elevator and over half of the apartments have been specially designed to grant wheelchair access.
Only a five-minute walk from the development is the U-Bahn (Underground) station Halemweg which connects to Berlin’s major centres of employment in less than half an hour including Potsdamer Platz in 23 mins and Alexander Platz in 27 mins.
PROPERTY DETAILS
Summer 2024
30% on notarisation
Stage payments to follow
Freehold
42 units over 5 storeys: studios, 1 & 2 bedroom apartments
Available to overseas buyers in most locations with exceptions
Completion date:
Payment Plan:
Tenure:
Total No. of Units:
Mortgages:
Located in Charlottenburg, Western Berlin, a popular residential suburb with strong growth potential.
Experienced Berlin developer with an exciting portfolio: Casada
GERMAN INVESTMENT PROPERTY IN EUROPE’S MOST COMETITIVE RENTAL MARKET: SPREETAL LIVING, CHARLOTTENBURG, BERLIN
Prices from €187,000 with up to 5.2% yield
Energy efficient homes with smart operating systems designed to appeal to a range of renters; young professionals, families and retirees
Berlin is one of Europe’s most competitive rental markets, chronically underserved by new build properties with local agents estimating the price of new build apartments in the city to rise by as much as 130% by 2033 and rents by 63% over the next 5 years. CBRE reported a 0.8% vacancy rates in apartments in the city in the first half of 2023.
LOCATION
Although Spreetal Living’s address is Charlottenburg, its location is probably better classified as Siemensstadt (Siemens City), a residential neighbourhood in Berlin’s western district of Spandau, known for its historical significance as a former industrial area and now a UNESCO World Heritage Site. Today, the characterful neighbourhood enjoys a youthful vibe,
Attracting residents who enjoy its history and architectural significance, riverside walks and convenient proximity to amenities and public transport links. It’s only a five minute walk to U Halemweg where residents can access Berlin’s U Bahn, the underground train system. From Halemweg station the Ringbahn is just 2 stops, serving the entire city area, whilst the centre of Charlottenburg with its popular shopping mile the Wilmersdorfer pedestrian zone, is just 7 minutes.
By car, from the development it’s a 4-minute drive to access the A111 towards Hamburg and approximately a 10 minute drive to access the A115 towards southern Germany. BER Airport is around a 40-minute drive via the A100 city motorway.
Some of Berlin’s most famous landmarks and sites are on the doorstep including the Schloss Charlottenburg, the acres of parklands and woodlands known as the Jungfernheide, Lake Tegel (Tegeler See) as well as two public lidos.
TAKE A WALK
U Halemweg
Popitzweg (bus terminal)
Supermarket
River Spree
Jungfernheide
• 5 minutes -
• 5 minutes -
• 6 minutes -
• 8 minutes -
• 10 minutes -
From U Halemweg
RIDE THE TRAIN
Zoologischer Garten
Savignyplatz
Charlottenburg
Nollendorfplatz
Friedrichstrasse
• 13 minutes -
• 14 minutes -
• 15 minutes -
• 17 minutes -
• 23 minutes -
Potsdamerplatz
Alexanderplatz
Hackescher Markt
Reichstag/Bundestag
BER Airport Terminal
• 23 minutes -
• 27 minutes -
• 25 minutes -
• 33 minutes -
• 53 minutes -
*Times from S Bahn Journey Planner
Why invest in Berlin?
Berlin continues to outperform all other German cities in terms of its GDP growth - a 119% increase forecast between 2009-2035 as a result of its highly skilled workforce, strength in R&D and investment in innovation industries.
Guthmann predicts the values of gnew build in Berlin will increase by 130% over the next 10 years, due to the undersupply of new build apartments.
There is no capital gains tax on properties owned for more than 10 years.
Berlin was ranked #3 by PWC in Emerging Trends in Real Estate® Europe 2023 report, after London and Paris.
Its population is expected to grow by 10% by 2035, topping 4 million residents.
Home to four top-flight universities with over 100,000 students.The Berlin-Brandenburg region is one of the most prolific centres of higher education and research in the world.
Berlin is Europe’s ‘Start-up Hub’, with Berlin-based start-ups raising 58% of Germany’s total venture capital invested in start-ups. There has been a 35% increase in tech jobs in the city between 2015-21.
It’s widely regarded as the greenest city in Europe for its volume of parkland, but also its leading-edge role at the front of green technology.
The city has an outstanding public healthcare provision.
Home to an internationally renowned public transportation system.
Student numbers in Berlin have grown by 50% in the last 15 years – access to German universities is tuition free, even for non-Germans.
