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Historical tourist attractions : The Charlie check point ( Left ) and the Berlin Wall ( Right ).
Schulten believes that Middle Eastern investors would be a good fit for Berlin ’ s real estate landscape . He is currently handling the first requests for joint venture investments from the Middle East from pioneers looking to invest in cities less obvious than London .
“ There is a benefit for both ,” he explains - noting that the Middle Eastern investor typically has more equity at his disposal , is not committed to answering to other investors and , importantly , has time on his side . American and UK hedge funds expect high leverage and are committed to certain time frames due to their financing .
Schulten adds that , in comparison to London , the Berlin property market offers a greater yield . A typical “ trophy ” property in London will have a 2 % yield . A similar property in Berlin has a 5 or even 6 % yield . This also applies to the whole range of property types , from trophy through to core . In Schulten ’ s opinion , Berlin is the perfect starting point for Middle Eastern investment . “ It ’ s the capital ,” he states . “ Investors need a sure start and the conditions are pretty ideal .”
giving way to a more stable and affluent metropolis . Berlin has always been a city of change , continually reinventing itself . The coming ten years will be no different .
Reinventing itself . The coming ten years will be no different .
• Berlin - Johanna Whelehan
Opportunists were deterred by the fact that a building owner may not , without significant tax loss , resell a building within ten years of buying it
Deutscher Dom , Berlin
Demand has increased so much over the last decade that Schulten does not predict a further increase , rather a levelling off . Berlin ’ s “ arm aber sexy ” - poor but sexy - reputation , though once well deserved , is
The Victory Column , Berlin
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