Achim Amann, CEO and co-founder of Black Label Properties, stated, “The purpose of this meet is to visit our clients from Oman and those who have properties with us in Berlin. We have seen a significant increase of clients from Muscat. The other purpose is to invite people to buy properties in Germany.”
Amann informed that Berlin presently has the quickest increasing house rates in the planet. “We want to help people find out more about the Berlin property market, lifestyle and luxury sector. We are keen to meet with local businesspeople, investors, entrepreneurs and families who would like to learn more about the Germany property market and how to make it work for you. We have affordable property rates, low-interest rates, and high rental yield.”
He stated that Berlin has a housing shortage which indicates there is a large demand for rental house, driving an improve in rent and genuine estate rates.
Berlin has been named the best marketplace for genuine estate investment and improvement 3 years in a row in a report by PricewaterhouseCoopers and the Urban Land Institute. The city ranked initial not only for investment but also for improvement and prospects for rental and capital development, he stated.
Black Label Properties is amongst Berlin’s best international estate agents and provides a a single-quit-shop to assist folks, investors and organizations locate the proper investment in Germany. With more than 30 years of expertise in the genuine estate marketplace, Black Label Properties was voted as the most dependable estate agent for eight years in a row. It had reported annual sales volume of US$30mn in 2017. Commission/ turnover is estimated at US1.four-1.5mn.
Amann stated the organization currently has 200 clientele from the Gulf area and Omanis best the list in investment in properties in Berlin, the largest city in the nation with a population of more than three.4mn.
It has some of the very best education, healthcare and welfare facilities. He stated that there has been an investment of more than US$1bn in 2017.
With the highest GDP amongst Western European nations, Germany has registered financial development for the eighth year in a row, confirming its status as a single of the strongest economies worldwide and attracting additional investment.
Despite an typical ten per cent annual improve more than the previous decade, buy rates in Berlin are nonetheless under other huge German cities as nicely as main European destinations, suggesting that there is nonetheless area to develop. As indicated by the vacancy prices, the demand is higher and the provide is increasingly insufficient.
Information Source: Muscat Daily