Nottingham, United Kingdom (PressExposure) April 17, 2008 -- So full of enthusiasm about the underestimated established Berlin property market, David Stanley Redfern Ltd have opened a new office in Mitte Berlin, and employed the necessary staff to run the office. Berlin property is one of DSR's best sellers, and the new office is to make it easier to source new developments and partners, as well as making it easier to arrange inspection trips. The office officially opens March 12 2008. David Stanley Redfern Ltd are widely revered as investment specialists, from top level down their staff are regarded as experts in the field of overseas property investment. According to David Stanley Redfern's Head of International Research Liam Bailey, the whole team feels very strongly about the strength of Berlin:
"We are all booming and brimming with excitement about the new emerging markets, and there is little doubt that if you're in the market to turn a quick profit, hoping to nip in and out of overseas property investment in a few years with a sizeable back-pocket bulge then the emerging markets are probably your best bet. But if you're in it for the long haul, want to put something past for your retirement and/or your kids future, and have been scared by recent economic events like pension funds losing money, then a property investment in an established market is perhaps your best bet, and Berlin is one of the best among them -- the best for some people."
Liam refers to people who are looking for a solid rental income as well as capital appreciation. "For long term investors who want to start making money right away, and continue earning a stable rental income, as well as being safe in the knowledge that their property's value will grow sustainably, Berlin is the best place for them to buy in. The demand for rented accommodation far outweighs the supply, giving Berlin the strongest residential rental market in Europe."
There are many opportunities in Berlin to buy tenanted apartments; these instant-earners provide an excellent opportunity to approach a bank for buy-to-let finance. Buy-to-let finance is usually based on the bank's estimate of the property's rental yield, which often means only a low percentage of the value can be raised this way, often no more than 60% Loan to Value. If you have a tenant and a contract in place, the fixed rental yield may allow you to seek a higher percentage of buy-to-let finance.
The new Berlin office will excellently complement David Stanley Redfern's industry leading range of Berlin property and financial services, most notably DSR's deal with a major German bank allowing them to offer 70%LTV mortgages on their Berlin properties, and independent financial advice with a certified mortgage planner. The new level of involvement in Berlin's property market is already paying dividends, DSR's ability to offer 70% LTV mortgages in Berlin already makes them one of the strongest in the industry, but on one of their developments, Wilhelmshavener Strasse, DSR are now able to offer 75% LTV mortgages on one and two bedroom apartments -- a first for Berlin from David Stanley Redfern Ltd.