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Berlin's café district offers investors the right 'blend'

31 March 2008

Prenzlauer Berg, situated in the centre of the German capital, is famous for its trendy cafés, intimate squares, Cold War spy novels, Bill Clinton and Gerhard Schroeder’s favourite restaurant and of course, its classical architecture. It’s no wonder that it has become one of the most attractive living locations in Europe.

The Thulestrasse project, a buy-to-let development recently launched by overseas property specialist movewithus, gives investors the chance to own an apartment in this sought after district.

The Thulestrasse project is located in the heart of Prenzlauer Berg on a quiet, picturesque street, close to the main thoroughfare of Schonhauser Allee.  Only three to five minutes away is the U-bahn (underground rail) and a further short walk away is the city’s famous Alexanderplatz square, famous for its 368m TV tower.

Aside from the location, the development offers investors an attractive 10-year guaranteed rental contract. The management of the rental is taken care of by movewithus’ partner in Germany, with no ongoing costs, making it ideal for investors looking for a secure, hassle-free investment in a growing market.

Investors are attracted to Berlin by its prestige among European cities. It is the capital of the European Union’s (EU) largest economy and the world’s number one exporter. Property prices are at least one fifth lower than in Central London or Dublin. Thulestrasse is a prime example; priced at a mere €1,475 (£1,130 approx.), investors can expect to pay about €7,200 for a similar location in London.

After more than 15 years of recession, due primarily to the reconstruction of Eastern Germany, the country finds itself firmly back in the driving seat of the entire EU. With a growing economy and export figures far outperforming expectations, Germany is attracting investors as a rapidly moving and proven investment location.

For more details on this investment please visit www.movewithusinternational.com/thulestrasse.html