The whole world is making a beeline for Berlin. Unfortunately, there are not enough apartments and houses to go around and demand far outstrips supply. According to forecasts, the German capital needs to add an extra 20,450 residential units per year for the rest of the decade if it wants to keep pace with demand. But the shortfall continues: housing completions in 2019 only delivered 19,000 new apartments. In the medium term, completion figures are likely to stagnate. Not only are fewer construction permits being issued, the availability of building land is also in decline. In combination, these two factors are creating serious obstacles to the long-term development of new housing.
Wouldnt it be great to own a piece of property here one that you can easily rent out? And just imagine if your apartment was located in an extremely popular and central neighborhood, on the first floor of a stunning apartment complex and with barrier-free access. Moments from the Spree River. With Berlins Museum Island just outside the front door and close to Gendarmenmarkt. Cafés, restaurants, galleries … you get all this and more with a condominium in Embassy, an exquisite new-build residential complex at Köllnischer Park in Berlin-Mitte. At Embassy, residents immerse themselves in a world of sublime architecture, stylish interior design and the kind of flair that can only be found in Berlin-Mitte.
Strong and sustained demand for apartments: 20,450 new units needed p. a. until 2030*
Attractive investment environment
Constant population growth: Net population growth averages c. 20,500 p. a. over the last five years*
Europes start-up capital
*Source: JLL Residential City Profile, H1 2020
The quarter around Köllnischer Park, which is situated close to the River Spree in Berlin-Mitte, offers residents a combination of exciting contrasts: a vibrant art and cultural scene, stately embassies, a charming, historical center and some of Berlins most iconic sights. All of which underscores Embassys exemplary location. The quarter can truly be described as an insider tip: Thanks to the green oasis of Köllnischer Park and the almost sacral walls of Märkisches Museum, the immediate neighborhood is quiet and almost village-like yet situated right in the center of Berlin. Köllnischer Park was built in the 18th/19th century on the site of a former fortress and is almost one hectare in size. The park is surrounded by architectural marvels from across the centuries. The quarter also possesses a touch of international flair, home to numerous embassies and their staff.
Relaxation can easily be found with a pleasant jog along the banks of the Spree River or a quiet walk in the nearby historical park. The district is on the up and has already been discovered by new restaurants and hotels. Over the next few years, this could well become one of the most sought-after locations in Berlin-Mitte. And, with direct links to Berlins extensive transport network, Embassy is the ideal starting point for exploring the whole of Berlin.
No. of Floors: 6
Living Area: 43,23
Old/New Building: New building
Condition: First occupancy
Completion Date: Q3/2020
Property Type: Ground floor apartment
Energy Pass Type: Bedarfsausweis