Property investors look to East Germany

Fast becoming Europe’s coolest metropolis, Germany’s new-look capital Berlin is setting a precedent in more ways than one. Heightened real estate activity there has spread across neighbouring states, with the former Iron Curtain regions of Thuringia, Saxony and Saxony Anhalt all being seen as new pockets of potential.

“Cities with a growing nucleus of ‘sunrise industries’, in innovative sectors such as new technologies and renewable energy, are going from strength to strength,” explains Ingo Arlt of Berlin-based estate agent GMBH. “These medium-sized urban hubs not only have vibrant cultures and rapidly growing labour markets; property prices also remain a good 30-40 per cent below western German equivalents, with rent levels steadily gaining ground attracting yield-focused investors.” (more)

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