Not in any residential property i have seen in the last couple of years.
Does anyone know what is minimum rental yield a smart (but realistic) buyer would accept get from an apartment in Berlin. Am looking at an apartment in Weissensee area (near Prenzlauerbeg) which will cost €108 k including stamp, purchase expenses and all management costs for 10 years. Rental yield is 4.4 %. The advantage to the place is that is completely hands free end to end, managed by a reputable buy to let intermediary. Looking to hold for 10 years.
I am happy with decision to buy in berlin, just not sure about yield. notice that prices appear to be increasing across Berlin though so maybe big yields are not so easy to find anymore.
Anyone have any contacts in Berlin that could offer advice??
that 4.4 yield is net of all running and maintainance costs including property management, tenent management, maintainence and a contribution to the sinking fund.
this is not how yeild is worked out
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