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The Berlin rent limit been adopted—what does this mean for you as a landlord?
On 30 January 2020, the Berlin House of Representatives [Abgeordnetenhaus] adopted the so-called “rent limit”. Now that the law has been adopted, it is expected to enter into force on 23 February 2020. Although the constitutional court [Verfassungsgericht] is expected to handle the law, all those affected must now comply and get to grips with the new regulations.
In particular, this applies for the new information obligation, which states that landlords must give tenants information on the relevant circumstances taken into account when calculating the upper rent limit, without being requested to do so, within two months of the law entering into force and before concluding any new tenancy agreements. Landlords also have to check whether the rent they charge is permitted. If a rent increase is made after 18 June 2019 (the effective date), the rent payment must be adjusted to correspond to the level on the effective date. Nine months after the law has entered into force, the second stage of the new law will take effect too. For existing tenancy agreements, this means maximum rents (upper limit + 20% +/- location premium/discount), which could also be below the rent on the effective date. Landlords have to check whether the rents paid have to be adjusted in this way.
If you have any questions about the rent limit and the effects on the Berlin property market, we would be happy to help.
Tel: +49 30 616 75 115
E-Mail:
ADEN Immobilien – Charlottenburg
Giesebrechtstr. 16, 10629 Berlin
ADEN Immobilien – Friedrichshain
Grünberger Str. 50, 10245 Berlin
This year’s Beaujolais Nouveau celebration was a great party and a big success. Here are the best photos of the evening. See you next year! Save the date: 19.11.2020!
Award for www.aden-immo.com! Best Real Estate Agency Website Germany
ADEN Immo GmbH has won the European Property Award in the category of Real Estate Agency Website for Germany.
The European Property Award 2019-20 is the most acclaimed industry award throughout the region. This is an achievement which is recognised as a mark of excellence for property professionals.
The European Property Awards are the largest, most prestigious, and widely recognised programme throughout the regions.
These are judged by an independent panel of over 80 industry experts. Judging focuses on design, quality, service, innovation, originality, and commitment to sustainability.
The Awards are in their 26th year and cover over 45 different residential and commercial categories. Regional heats are staged for Arabia, Europe, Africa, Canada, Central & South America, the Caribbean, USA, UK and Asia Pacific. These will be celebrated at gala presentation events in Bangkok, London and Toronto during the course of the year.
Beaujolais Nouveau Party 2019
Celebrate Beaujolais Nouveau 2019 on November 21st with us and the French Community from Berlin!
Wine, a French buffet, live jazz music, the lottery of French products and other surprises await you.
Spend a wonderful evening with us, get your tickets quickly – the number of guests is limited to 300!
Benefit from the special price of 16,- € instead of 19,- € until 30.10.2019.
Tickets here: https://www.eventbrite.fr/e/beaujolais-nouveau-feier-2019-tickets-64222263519?aff=ebdssbeac
Thursday, 21st November 2019, 18:00
Centre Français de Berlin, Müllerstraße 74, 13349 Berlin
Meet Aden Invest at Expo Real 2019!
We are pleased to announce that we will be present for the fifth time at Expo Real in Munich from 7 to 9 October.
Expo Real is Europe’s largest real estate trade fair, with more than 45,000 visitors and 2000 exhibitors in 2018.
You can find us at Club France, Hall C2 – Stand 214. Looking forward to meeting you!
New design, new website for Aden Immobilien
ADEN Immo on the first French TV channel TF1
The traditional rental in the European capital cities such as Paris and Berlin are really suffering due to the competition from the rental online platforms. Whether it be the owners, real estate agencies or hotels, problems caused by online rental platforms are several : noise pollution, lack of property or hotels desertification…This is the point of view dealt by Gwenaëlle Bellec in the report “Les excès d’Airbnb pointés du doigt” broadcasted in news the 23th February 2017 on the first French channel, TF1.
Arnaud Schott, associate of ADEN Immo talks about the shortage of property to be rented in this report due to the significant increasing of inhabitant’s number in Berlin and the Airbnb competition.
Thus, the reporter presents the determination of the city council of Berlin to struggle against the seasonal rental. In this way, the city hall has forbidden to Berliners to fully rent their main properties for short-term in order to limit the deficiency of properties and the increasing prices of rent. Moreover, the main dissuasive action is potentially influential: owners in irregular situation can be punished by a fine which could reach 100 000€. This measure, which took place in May 2016, has given as a result an important fall of seasonal rental (around 8000 properties) mainly by the professionals of the sectors. However, this is almost nothing compared to the demographic evolution of the German capital: Berlin’s population is really increasing and about 20 000 properties per year until 2030 will lack.
You can find the TV report starting at the 26th minute : http://www.tf1.fr/tf1/jt-20h/videos/20- heures-23- fevrier-2017.html
You can find the results of the law in Berlin on http://karat.studio/blog/airbnbmisused
Aden Immo in the French Newspaper La Tribune
A journalist interviewed a member of the ADEN Immo GmbH as part of his article “Berlin takes advantage of the Brexit but does not want to become London”. This article was published in “La Tribune” on November 4, 2016 and demonstrates once again the attractiveness of real estate investments in Berlin.
The German real estate market noted a decrease since the Brexit, in favour of rising cities like Berlin. Since 1989 Berlin has made efforts to catch up its economic growth and it has an impact on the real estate market prices. Even if they are still affordable they are constantly rising. The government has therefore taken correctives actions such as the non-renovation of buildings in some areas, rents control and Airbnb regulation in the city. These actions are supposed to help Berlin not to be a second London, where the citizens are all leaving the city to live in the suburbs because of the prices. Their affordability attracts the foreigners because “the German just started thinking about buying”. The investors are really interested since 84% of the citizens in Berlin are tenants.
Link to the article: (in French) http://www.latribune.fr/economie/union-europeenne/immobilier-berlin-beneficie-du-brexit-mais-ne-veut-pas-devenir-londres-613477.html
ADEN Immo interviewed by Le Monde
Indeed, with the sales to French customers in 2015, ADEN Immo GmbH offers a proven expertise on real estate in the German capital. "Our typical customer: 42 years old, male, looking for a two-room-appartement, approx. €180,000, in the center of the city, for self-management or to rent."
Some important points to remember:
ADEN Immo in the French newspaper le Figaro Magazine
In its issue from February 19, 2016, the French weekly “Le Figaro Magazine” gives an overview of rental investment in France. There are clouds on the horizon: in Paris, the rental income has decreased due to the application of the “Loi Alur”, a rent regulation law voted in March 2014. The investors are now turning to other markets like French regions or foreign countries to improve their rental income.
Berlin is one of these new directions to explore. The journalist Colette Sabarly asked David Nguyen, co-founder of ADEN Immo, about the benefits of having a rental property in Germany for French investors:
“In Berlin, the rental income fluctuates between 3,6% and 3,8%, which is far from exceptional. However, the investment cost is amortized up to 2,5% during forty years and there is no capital gains tax if you sell your property more than 10 years after buying it in Germany. Also, [as a French investor,] you won’t have to pay social security contributions on your rental income.”
According to the journalist, more and more French investors are seduced by the idea of buying a rental property in Berlin. One can add that Berlin only has a vacancy rate of only 2% and that the demand is increasing due to the demographic growth. Also, the real estate market is growing: you will be sure to make profit when you sell your property.