Berlin – Metropolis of Many Faces
Berlin combines history and modernity, art and science, commerce and culture to present itself as a bustling boomtown. With its rich diversity, the German capital attracts people from the rest of the country, elsewhere in Europe and the world over. Every year, new residents arrive in the city by the tens of thousands. It appears to be particularly popular with start-up entrepreneurs, who have made Berlin the start-up capital of Germany: Nearly 40,000 new firms were set up in 2015 alone, and the well-networked scene has gathered enough critical mass to become attractive in its own right. The international character of the art and media scene also exerts a massive gravitational pull, while the renowned higher education institutes offer bright prospects to academics and scientists.
People new to Berlin tend to stay, because it is a metropolis informed by a high degree of livability. For one thing, it is a very green city. Sprawling parks like Tiergarten and the former airport grounds at Tempelhof are complemented by green spaces large and small in every borough, open for outdoor recreation, sports and good times in general. Many of the wide streets are lined by trees and greenery that create a pleasant urban ambience everywhere you go. At the same time, Berlin is quite metropolitan and well-networked, whether you use public transportation or go by car. Numerous lakes and forests are still inside the city limits, while the countryside beyond is easy to reach.
So regardless of what you fancy doing in your spare time – whether its sports and action, relaxation or cultural activities – Berlin provides you with endless possibilities. And the number of options keeps expanding, just like the city itself. It is a metropolis athrob with life and variety. The fact that housing in Berlin remains comparatively affordable is another growth driver. It was not until recently that the level of residential rents and prices started to approach the levels known from other European metropolises. So the real estate market still has great potential. Demographic growth ensures a keen demand for accommodation, and housing construction has been unable to keep up in recent years. Zoned land is getting scarce, especially in inner-city neighbourhoods. The short supply is putting pressure on rents and condominium prices.
Anyone looking for sustainable investment of stable value is well advised to take a close look at condominiums in Berlin. The metropolis radiates a massive and constant force of attraction. For the time being, all demographic forecasts predict further growth. Assuming they got it right, demand on the housing market will remain strong and keep boosting property prices.