Jet-to-Let Check List

Factor	Comment
Political	Germany is a mature and stable democracy with a secure and proven legal system for property transactions.
Economy	Germany has the fourth-largest economy in the world and Germany is the world’s largest exporting nation.
Tourism	Berlin is Europe’s third-largest tourist city with the strongest growth rates for foreign visitors.
Flights	There are direct flights from Dublin, Belfast, Gatwick, Heathrow, London City, Glasgow, Liverpool, Stansted and Luton.
Property Market in Berlin & Kreuzberg	Berlin’s property market is on the way up. Kreuzberg is seeing major infrastructural investments to further improve its quality of living and attract new business to the area.
Prices of Viktoria Park Apartments	Apartment prices up to 20% below market prices. Offered prices already outdated by nearby development.
Capital Growth Projection	Inelastic supply of good-quality apartments in central locations as well as rising demand will push prices up. Foreign investment is also positively affecting prices.
Rental	Strong rental demand and flexible rental strategies.
Financial Package	70% loan to value possible subject to status.
Location of Development	Central location where the highest property price increases are currently being observed. Lively and green neighbourhood with lots of entertainment, restaurants, shops and cafes.
Exit Strategy	Buying with vacant possession makes selling easier. Wide cross-section of future buyers from German professionals to foreign investors.

German Mortgages

Click here to view the Viktoria Park Residence Investment Report (username and password required)

Deutschbank are currently the only lender to offer 70% loan to value at 5.5% capital and repayment only for up to 30 years. It is also possible to obtain 100% interest-only mortgages in Germany although you must typically deposit 40% of the property value in a parallel fund. If you are self-employed you will typically only be able to borrow 56%. German mortgage products for overseas investors are slowly becoming better but by UK standards are still rather archaic. We cannot guarantee that you will be offered 70% loan to value as it very much depends on your status and personal circumstances. Before you apply for a mortgage you will need to make sure that you meet the criteria, and be prepared for lenders to offer you 60% or even 50% rather than the amount you were expecting. The minimum loan is €50,000; maximum is €1,000,000.

If you are interested in talking to a member of our staff regarding this development, please call:
+44 151 482 5534