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"Signs of growth" in Berlin

The rich culture and fantastic nightlife of Berlin could be on your doorstep for a bargain price, according to industry experts.

Given the German tendency towards renting rather than home ownership, there are countless opportunities for lucrative (and consistent) buy-to-let returns, especially given the current conditions of the market.

According to Carlo Walther, head of business development for RightmoveOverseas, Berlin is currently ripe for overseas investment.

"The signs of growth investors have been waiting for are finally beginning to occur in Berlin," he said.

He added: "It is unusual to have low property prices in a capital city, which is what has been attracting investors to Berlin… the strength of the domestic rental market, coupled with low prices and higher yields than most other European cities, make Berlin an excellent, low risk investment prospect."

German tourism has received a significant boost since the success of the 2006 World Cup and with commercial investment continuing to buoy the economy, investment in a Berlin property could prove very profitable.

Mr Walther's comments followed recent figures from Homesworldwide.co.uk, which showed the comparative cheapness of Berlin properties.

Average property prices in the German capital are between £337 and £1,347 per square metre, while in London, buyers can expect to pay between £3,367 and £6,734.

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