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Where to buy an investment property in Berlin

Location will always be the most important factor when buying properties, and it is helpful to get to know an area before speaking to local property experts.

Berlin has undergone a major transformation since 1989 and up until 2000, the city was made up of 23 administrative districts. In an effort to rationalise resources, it was decided to cut down the number of districts to 12.

Each of the 12 districts has its own charm and despite the fact that they are in a major European city, many retain a small town feel.

For those who are interested in investment property in Berlin, we have summarised some of the more important information about the districts here.

Mitte

In the centre of Berlin, this district is home to some of the more famous attractions in Berlin, including the Brandenburg Gate.

Potsdamer Platz, in the centre of Berlin, extends across this district and the Tiergarten district. The reconstructed Nikolaiviertel quarter has recreated historic buildings and has attractive restaurants, shops and cafes. Gendarmenmarkt is considered one of the most beautiful squares in Europe, with a beautiful concert hall and German and French Cathedrals.

Kreuzberg

Bohemian and fashionable, Kreuzberg is a trendy district in close proximity to the more upmarket district of Mitte. Full of fashionable restaurants and cocktail bars, the district has an interesting ambiance and is home to people from various backgrounds and cultures. When Berlin was still a divided city, Kreuzberg was known as ‘alternative’.

Prenzlauer Berg

A former working class area in the eastern side of the city, this district is characterised by tenement blocks. In recent years its profile has changed somewhat and it has followed Kreuzberg in character in that it has an arty population and is popular with students. .

Charlottenburg

Situated north of one of the better known shopping areas, Kurfürstendamm, Charlottenburg has a number of famous landmarks and is home to fine bookshops, bars and restaurants. The largest surviving royal palace, the Charlottenburg Palace, is found here.

Wedding

Once a separate borough, Wedding was fused with the districts of Mitte and Tiergarten in 2001. More than any other district, the original 19th century working class character of the area has been preserved. While some old buildings have survived the war and urban renewal, many other buildings are monolithic housing blocks. It is one of the poorest areas in Berlin with the lowest rents, and has therefore become home to a vibrant artist community.

Tiergarten

The name Tiergarten refers to both a large park and a neighbourhood within the borough of Mitte. Home to the Reichstag or parliament, the office of the German Chancellor and several embassies as well as the residence of the German President.

The eastern border of this district used to be the border between East and West Berlin.

Wilmersdorf

Wilmersdorf was originally a village near Berlin and was incorporated into “Greater Berlin” in 1920. Since 2001 Wilmersdorf has been part of Charlottenburg-Wilmersdorf. A wildlife sanctuary, Grunewald, is situated in the west of the district and for a long time the borough was home to the city’s affluent.

Schöneberg

Known for its exclusive antique shops, charming restaurants and chic boutiques, Schöneberg is a link between the lifestyles of Kreuzberg and Wilmersdorf. Residents enjoy shopping at the Winterfeldtmarkt on Saturday mornings and on days when there is no market, people can enjoy a leisurely breakfast at cafes around the square and watch the world go by.

Friedrichshain

Another old working class area on the east side, Friedrichshain is now considered one of the trendiest areas in Berlin and is home to numerous design and media companies, including MTV. The longest remaining section of the Berlin wall, more than a kilometre, is found here.

Tempelhof

An mixed industrial and residential area for families. The northern part of the district is occupied by the now defunct Tempelhof airport which was closed down in 2007.

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