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Opportunities Open in East German Property

BERLIN-Prices in all segments were stable or rising, even during the crisis, according to a new report from Berlin-based portfolio manager TLG Immobilien.

By Allan Saunderson | Updated on October 22, 2010

BERLIN-Rising purchasing power in eastern Germany, stable employment and improving wage levels mean property there, which has suffered from focus on western Germany, now offers good opportunities to investors, says a new report from Berlin-based portfolio manager TLG Immobilien.

“The east German property market presents itself in a markedly robust light,” said Niclas Karoff, TLG’s CEO. Prices in all segments were stable or rising, even during the crisis. “Eastern Germany still creates opportunities for investors.” The value of residential property has risen, especially in Dresden and Potsdam. Outside of Berlin, rents are highest in Potsdam at up to $14.60 per square meter and $11.12 per square meter in Rostock.

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