Buying a Condo in Berlin! A Verdant Metropolis Full of Diversity and Creativity
For years, Berlin has registered a steady growth in employment figures and, inversely, a declining unemployment rate. But while the city is therefore considered the country’s epicentre of start-up businesses, its long-established companies are thriving as well. The municipal transport services, for instance, have around 13,300 people on their payroll, the Charité hospital group nearly 17,000 people.
Due to the sheer diversity of job opportunities, the city is attracting students and young talent above all. Five universities, seven universities of applied sciences and 26 private higher education institutions add up to an enrolment total of over 180,000 students who benefit from optimal conditions for training, networking and transferring know-how. Apart from delivering exciting research findings, scholars form start-up businesses that boost the sustainable growth of the city as a whole.
Green Metropolis: Buying a Condo in Berlin
At the same time, Berlin takes pride in being a green metropolis, and literally so: Nearly 32 percent of its total area is covered by green spaces and woodlands. Roughly 2,500 parks provide breathing space for locals and visitors. You may even create your very own park at one of the 915 allotment colonies around town. Also qualifying as parks of sorts are the city’s two zoos, one in East- and one in West-Berlin. Among the outdoor attractions are not least the many waterways in the city, crossed by 540 bridges, which is more than Venice has. Strings of lakes here and there, many of them within easy reach of the inner city, lend themselves to summertime frolics and extended walks along the promenades.
Living in Berlin – a Diverse and Imaginative City
Considering all the advantages mentioned here and the ones left out, it comes as no surprise that the city is booming thanks to a steady stream of incoming migration. Arrivals from inside and outside Germany make it reasonable to expect the city’s population to reach the mark of four million by 2035. New arrivals influence the cityscape with their fresh ideas, ambitious business ventures and cultural differences.
The cultural and creative industries count among the city’s leading economic sectors, the same being true for tourism. Other sectors that drive Berlin’s economic output include biotechnology and the pharmaceutical industry as well as IT and communications technology. As a renowned campus and research hub, the city attracts a growing number of experts to the region.
For the same reason, Berlin’s condominium market has been quite busy. Indeed, it was the fastest-selling market in Germany in 2017. Berlin, in short, is facing an auspicious and exciting future. Are you looking to buy property in Berlin? Buying a condominium in Berlin is a safe way to bolster your retirement plan.