The high popularity of Samaritenkiez particularly with younger demographics, has increased price of new rental leases in the near vicinity to 10-14 EUR/SqM, with apartments in the top rental segment reaching even higher prices.
The current lease prices reflect the potential for significant increase in yields – 50% and above in most units – in future rental contracts.
The strong demand for apartments in the area creates a high level of security, ensuring future re-rental and very high potential increase in future yields.
The market price for newly renovated vacant apartments in the near vicinity reaches 4,000 EUR/SqM, and prices of units in the townhouse development across from the project reach 5,000 EUR.
Rented units in similar Altbau properties are being sold for 3,000 EUR, and unique Penthouses for significantly higher. This gap reflects the substantial capital-gain potential of the investment.