Property valuation in Berlin

Some references of last sales

• Surface: 69m2
• Price: 295.000 €
• Location: Lichterfelde

• Surface: 176m2
• Price: 730.000 €
• Location: Schöneberg

• Surface: 55m2
• Price: 219.500 €
• Location: Neukölln

• Surface: 58m2
• Price: 310.000 €
• Location: Kollwitzkiez (Prenzlauer Berg)

• Surface: 70m2
• Price: 260.000 €
• Location: Charlottenburg
• Needs renovations

• Surface: 73m2
• Price: 450.000 €
• Location: Kreuzberg

Sellers’ testimonials

I had the pleasure to get to know Mr. Niels Schnatz when selling a studio I owned in Berlin. Throughout the sales process, Mr. Schnatz showed outstanding professionalism, and kept me well informed. He is very knowledgeable of the market, and focused on the best interests of his customers. Mr. Schnatz took care of every detail, as well as he delivered what he promised, and even more.

Based on my experience, I can warmly recommend Mr. Niels Schnatz and the services of Invest-AB for anyone considering selling their property in Berlin.

To say that I felt overwhelmed when I realized I needed to sell my mother’s apartment in Berlin, when I live in Michigan, USA, would be an understatement. I found Invest-AB through an internet search, and it was the most fortuitous thing that could have happened. From the beginning, Niels was responsive, helpful, attentive, thoughtful, conscientious, honest, efficient, and effective. Not only did I need to sell the apartment from across the Atlantic, but I needed help with various services, such as clearing out of the apartment and communication with multiple parties. Within three months, sale of the apartment is complete, and I could not be happier or more grateful. Without Niels’ willingness to assist and his attention to detail, this would not have been possible.

I recommend Invest-AB without reservation.

I’m so chuffed that I decided to go with a real estate agent in the end and more so feel very lucky to have worked with Jean and Niels! It was a little bit daunting having only a limited time to sell my beloved apartment and the process surrounding it but Jean took the reins like a pro and I really appreciated his warm and friendly manner. It was also really wonderful making a nice connection with the buyer and to know that the apartment was going to a good home. (Excuse the pun!) Thank you very much chaps! : )

I was dealing with Jean Boudin in Invest-AB and found him and them fantastic in every way. Efficient, highly proficient, communicative and responsive. I trusted them from the moment I made contact with them and they certainly did not disappoint. I would highly recommend Jean and Invest AB personally and will work with them in the future…and I recommend you do too. You will be in good hands!

Thank you very much Jean and Invest AB, for everything.

I met Jean and Niels from AB invest for the sale of my apartment in Berlin. They are professional and efficient. Being based in the UK, I need someone I could trust and deal with the sale. They did more than enough I would recommend Invest-AB to any overseas seller for peace of mind.

Very friendly team. We were able to sell our property in Charlottenburg to a French family. From the evaluation of the property through the purchase process, everything worked very well. Especially personal contact and fast communication were a very important factor for us.

When is it time to make a property valuation?

You wish to know if it is a good time to sell your property? As real estate agency based in Berlin, endowed with a long experience and with qualified real estate experts, we answer you: yes, at all levels. The real estate situation in extremely favorable in Berlin to sell your property: the request is very strong and the number of offers is extremely reduced. To sell your property at the best price and according to the market, you will need a professional real estate estimation and a serious buyer.

The evaluation of your good is a crucial step in the process of selling it. An overestimated price scares off potential buyers and an underestimated price conducts to the sale of the good below its value. On the other hand, this estimation can be useful for other purposes, even though you would not like to sell your accommodation now. To send credits for example, banks need to know the value of the good, the taxation is made at its level. Besides, the estimation offers you the possibility of calculating next investments. Finally, this estimation can serve you of base in case of liquidation of an inheritance or a divorce. 

The real estate valuation

To make a real estate estimation, we study the market value of your property. It is often indicated as common value. It results from the values of the ground and the one of the construction, while taking into account evolutions of the market. For the evaluation, you will find the principles in the “Verordnung über die Grundsätze für die Ermittlung der Verkehrswerte von Grundstücken” (abbreviated: ImmoWertV).

During the evaluation of real property, several factors are studied. To measure their importance, they exist two regular procedures:

• The valuable procedure of comparison
• The valuable procedure of efficiency

For each of these procedures, the central question is always of the value of your object in the current market. Concrete answers are wanted: when was built the property and in which state is it? Is it well maintained? How many apartments are in the building and what is the number of livable square meters? Are renovations to be planned? Are the sanitary modern? Does the heating correspond to the current standard of energy?

The peculiarities of the good itself has also a role, for example when it is possible to fit out attic. Besides, and particularly in cities constantly evolving like Berlin, situations macro and microeconomic have a crucial influence. It includes the quality of infrastructures, the existence of convenience stores, doctors in the surroundings and the quality of connections to institutions and to companies. The evolution of these factors are also to be considered.

The popularity of the zone influences considerably the market value, because of a higher demand. It also participates to determine the value of the offers, in particular when, as it is in Berlin, limited. These factors also influence the renting vacancy, the renting amounts and the perspectives of evolution for the tenant.

To make a good evaluation of real property, wide professional knowledge in the real estate domain and the experience in the real estate branch are not the only prerequisites; a knowledge of specific market is also needs. It included the knowledge of the data of the current market as well as a panoramic view of the objects of comparison.

Our agency has many years of experience in the real estate branch, as well as a specialization in the Berlin market. We know the current datas of market, the one which affect the evolutions of the situations in Berlin and which properties are particularly asked. The valuation of your property is free and without commitment. 

The real estate market in Berlin

The demand for the real estate market in Berlin still increases. It is connected to the popularity of Berlin. Political and economic stability, reliable tenants, advantageous tax system for the foreign investors, etc. Berlin still is as a safe investment. The demand has increased because of the number of person looking for a housing in Berlin. New international investors and new inhabitants arriving in the city; they are approximately 50.000 every year. The construction of 20.000 apartments would be necessary to answer the increasing demand, yet not a half has been built. The prices of the real property pursue its constant growth: the average price for apartments increased of about 12,7 % per square meter between 2016 and 2017.

The evolution of the prices in Berlin is made according to a strong segmentation of the city. By its unique history, which encouraged a diversified development of the districts and the installation of young assets in new fashionable places; the demand(request) increases and encourages the increase in prices of real property and the value of the real property. Furthermore, the inauguration of new connections to the network of traffic increases the attractiveness of formerly abandoned districts. Families move from lively areas as Prenzlauer Berg to more quiet places as Weißensee. A hard-hitting example is the district of Neukölln: an explosion of the prices of the rent between 2015 and 2016 of about 17,1 % was registered. Concerning the district of Wedding, considered as a new district in sight increased by 5,7 % in comparison in 2016.

To give to you an exact and just evaluation of your real property, it is essential to know well the current data of the market. It also includes the knowledge of the legislation of the city. The supervision of the rents or the regulation of zones to be built, these decisions have an impact on the real estate price. If the social and technical infrastructures are a condition or a consequence of a homebuilding, the investors will pay the costs. These decisions have an important impact on the choice of the investors. Indeed, they lower the efficiency. The knowledge of these elements (market and location) naturally are to be taken into account during an evaluation. You will take advantage of our knowledge and our specialization on the city of Berlin to give you our best analyses of the real estate trends of the capital.

Real estate type

A real estate evaluation concentrates first of all on the type of concerned real estate. As the property to be estimated or a building or an apartment, as the latter is rented or vacant, etc., its price can strongly evolve. On the other hand, the quality of the property and the type of population so targets that the presence of similar objects around also have their weight. So, in a residential property, the amount of the rent is important and the investors pay attention on the profitability. Here, the renting vacancy and the perspectives of rent have a fundamental role. In the case of Berlin, the question of the supervision of the rents and the price regulation are essential. For buildings with individual apartments, the question of the co-ownership is important. Within the framework of a purchase of apartment, the personal feeling plays a crucial role. For buildings, in which are many families, grounds towards and possibilities of transformation are important. Finally, for lofts or penthouses, an attentive eye must be concerned the quality of the equipment. These often luxurious properties owe be qualitatively up to it with the renovation of water sources.

So that a real estate evaluation corresponds exactly to your type of real estate, with the knowledge of the influence factors and the current data of the market, you have to contact a real estate agent. The latter has to have an important experience in the real estate domain to propose you the evaluation of your property at the best price possible.