Alex Young
From € 302,800
Gurtelstrasse, Berlin, Germany
Gürtelstraße 31, 10247 Berlin, Germany
Property Details
Size
32.91m2
Completion Date
2025
Property Gallery
Property Description
Gurtel Str. consists of 60 units, a mix of Manhattan's, one and two bedrooms all spread amongst two blocks. At its centre, a green courtyard area for the exclusive use of all owners in the complex. Many apartments feature a terrace or balcony which feel secluded thanks to the trees lining the development. The street is mostly residential and yet is just a stone’s throw away from some of Friedrichshain’s most popular spots.
The bustling neighbourhood of Friedrichshain is known as being one of the trendiest parts of Berlin. Steeped in history and now abundant with cafes, restaurants, culture and nightlife. A hit with young professionals and internationals alike. Almost 30% of the population of Friedrichshain are expats. The area is for those who want to step away from the western side of Berlin, to enjoy the more cultural, raw side and yet with easy connectivity to all parts of the city.
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Manhattan's, one and two bedrooms. From €302,800.
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Completion Date: End of 2025/Q1 2026 (providing higher ROI at completion)
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Reserve with only €5,000
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Financing is available. 60% Mortgage can be obtained at 3.98%. Fixed for 10 years (subject to conditions).
Why Invest In Berlin?
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Extremely low, 0.8% Vacancy Rate for the city, therefore units are always in high rental demand
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Very strong property price growth and rental growth (stronger than other German cities) –and is expected to continue
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The government's reduction of new build permits will lead to lower vacancy rate and demand will intensify
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Mortgage interest is tax deductible in Germany
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Low or zero German income tax due to income vs expenses ratio and deductibles
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If property is held for 10 years as a Non-German (and non-resident) there is no Capital Gains Tax to pay if sold
Location
Gürtelstraße 31, 10247 Berlin, Germany
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