Berlin offers 'extremely attractive' property prices

Berlin represents a good location for property investment as it offers "extremely attractive" prices in comparison with other major European cities.

That is according to Henry Powell-Jones, associate editor of Jet-to-Let Magazine, who asserted that, for property investors, "the real gains will be made in Berlin".

He noted that property prices in the German capital were cheaper than those in both London and Sofia, adding that Berlin was also under-priced with regards the ratio of rental prices to earnings.

Mr Powell-Jones commented: "There is a clear disparity between property prices in Berlin and the other major cities both within Germany and the rest of Europe which is extremely attractive for the investor.

"If you look at Berlin property prices at the moment, on average they are one eighth of London prices and are actually cheaper than Sofia.

"It is also under-priced if you look at the ratio of rental prices to earnings."

Overseas Property News posted on 03/04/2008 09:33:04