Since 2014, the so-called Repurposing Act (Zweckentfremdungsgesetz) has been in force in Berlin. The aim of this legislation is to ensure that apartments are used for standard tenancies only. This is to prevent apartments from being withdrawn from the conventional rental accommodation market and to make it easier for tenants to find housing. Since the law came into force, a permit is required before an apartment can be repurposed, e.g. as a holiday home.

The act has been amended in numerous ways over the years with the intention of making it more effective. In 2018, an amendment came into force that requires providers of holiday apartments to join a […]

Residual Useful Life Assessment – Realistic Depreciation Instead of Flat Rates

What is a Residual Useful Life Assessment? A residual useful life assessment estimates how long a building can still be used economically from today’s perspective. It is not a market value or purchase price assessment, […]

The Berlin real estate market has been characterized by high housing demand for many years. While other forms of investment such as stocks or bonds fluctuate strongly, residential property in the capital proves to be a stable and reliable asset. An apartment can therefore be an attractive option for both tenants and investors.

Why buying makes sense for tenants – Long-term security – Predictable costs – Familiar environment – Retirement planning – Market stability From ADEN Immobilien’s perspective, it is particularly positive when tenants purchase their familiar home. […]