Condominiums in Neukölln – Forward-Looking Private Investments
Artists, Start-ups, and Families – Neukölln is Growing
Neukölln is an up and coming borough, and there is nothing to suggest that its boom will end anytime soon. It has become a young and trendy borough, attracting an increasing number of artists and academics. Students and start-up founders love the vibrancy and inspiration of its urban northern part, while young families are more tempted by its leafy south end. The birth rate here exceeds the citywide average, and the incoming migration is as high from other boroughs as it is from elsewhere in Germany, Europe and beyond. The result is steady demographic growth in Neukölln.
Sound Location, High Level of Livability – Condos in Neukölln are Sought
Neukölln offers all sorts of amenities to its residents. For one thing, there is a lively cultural scene and a variety of leisure options, either of which attracts young people above all. Moreover, the entire borough is fully connected to the public transportation system – a locational factor not to be underestimated in a big city. The quality of life in Neukölln is also enhanced by the widespread presence of convenience stores and speciality stores, including international delicatessen, and by the wide gastronomic variety of its restaurants.
Growing Demand, Rising Prices – It Pays to Invest in Neukölln
Of course, the borough’s surging popularity has left its trace on the local housing market. Demand for housing in Neukölln is strong, steadily driving up rents and prices. Anyone now deciding to buy a condominium as buy-to-let investment in Neukölln may expect substantial appreciation going forward. For the time being, homeownership remains relatively affordable here, especially compared to prices in any other cities in Germany, to say nothing of the metropolises elsewhere in Europe. The upward trend has held for several years now, and is set to continue for some time to come because Neukölln remains attractive and popular.
Owning residential real estate in this growing borough is therefore a forward-looking investment of stable value. There is considerable upside potential for rents and prices, as demand for housing continues to grow. So if you decide to buy a condominium in Neukölln as buy-to-let investment, you can count on stable rental yield and a steady appreciation.