Friedrichshain is progressively evolving into a district of cosmopolitan vibrancy – open-minded, young and creative. In the years since its time as the westernmost district of East Berlin just behind the Berlin Wall, Friedrichhain has become the fastest developing hip quarter of town. Its bubbly and casual ambience but also its down-to-earth character and creative energy, have been attracting young people from all over the world.
The brisk development has naturally left its trace on the district’s housing market. Berlin as a whole is one of Germany’s most popular metropolises whose steady demographic growth is generating an ever increasing demand for housing and driving up residential rents and prices.
Recent surveys on the demand for condominiums and property values show that the Friedrichshain-Kreuzberg has lately moved into one of the top spots in the ranking of Berlin’s boroughs, second only to Mitte. It is reasonable to assume that condominiums in this sought area of Berlin will keep appreciating in the coming years. The economic development of the city and the rise in purchasing power of the population reinforce this trend. On top of that, Friedrichshain counts among the districts with the highest number of construction projects, as developers are responding to the enormous need for housing.
The tendency is also reflected in the rising demand for existing flats and their increase in value. All of the above makes today an excellent time to invest in buy-to-let property.
The flats on Weserstrasse are located in a redeveloped Belle Époque building, and have the generous layout and typical charm of period flats in Berlin. Some units come with balconies or patios. The landscaped courtyard includes bicycle parking spots and seating areas that create a cosy atmosphere and makes this estate particularly attractive for young families.
The rather quiet quarter around Weserstrasse lies within walking distance of various cafés, bars and restaurants as well as boutique stores, supermarkets, crèches and schools, a variety of different leisure options, and convenient access to public transportation. Spread across the borough are playgrounds and parks large and small, while the parklands of Treptower Park are never far. All of these factors are prerequisites for people seeking a high quality of living in a major city with a steadily growing population.
Getting a condominium in this district in the heart of Berlin is therefore a rock-solid, forward-looking commitment that also has a sound high-yield outlook as buy-to-let investment because the demand for housing in this area just keeps intensifying. There is every reason to expect a stable rental yield and a steady appreciation.
We are happy to assist and advise you if you are interested in buying a condominium. Do not hesitate to get in touch with us any time!