How not having a cellar affects the value of your apartment

How not having a cellar affects the value of your apartment

Every Berlin apartment has its own cellar storage room, right? Well, not quite. From our experiences it does happen from time to time that we sell an apartment doesn’t have a cellar storage space for the exclusive use of the apartment. It is not always stated in the...
Berlin apartment prices, three year prognosis (January 2018)

Berlin apartment prices, three year prognosis (January 2018)

The price of owner-occupied flats / condos in Berlin is expected to continue to rise over the next couple of years. This is according to a study by the property portal Immowelt, and reported in the Berliner Morgenpost this week. Berlin prices are expected to rise by...
Interview – Selling tenanted apartments in Berlin

Interview – Selling tenanted apartments in Berlin

Jason Thackray (Your Place) interviewed by Paul Travers, December 2017. Subject: How does selling a tenanted apartment differ from selling a vacant one? Paul Travers (PT): So, Jason, do you sell more tenanted apartments or vacant apartments? Jason Thackray (Jason): At...
Who should pay the agent’s commission? Buyer or seller?

Who should pay the agent’s commission? Buyer or seller?

There’s a debate raging at the moment over who should pay the estate agent’s fee in a residential property transaction in Germany. Unlike in the UK or the USA – or indeed most of Europe and the western world – in Germany it is generally the buyer who pays the agent’s...