English speaking tradesmen in Berlin?0 Replies
HiI’m a UK citizen currently resident in Cyprus who’s thinkingabout investing in property in Berlin with a budget of up to €80k. My plan isto try and find an apartment with vacant possession, call in local tradesmen topaint and decorate the place to bring it up to an acceptable standard, and thenlet it out for a 10 year period.My motivation for doing so is that most long-term forecastsfor the city’s property prices continue to be overwhelmingly positive, whatwith the forecast population growth, seemingly good prospects for the region’seconomy, and the (long overdue) completion of the Schoenefeld airport. At worst(the property being destroyed apart), I do not think that - in terms of capitalgain/loss at least I stand to lose agreat deal financially.2 questions: How easy is it to find local English-speaking tradesmen? Are there any websites or any other sources I could utilise to find them? Bearing in mind I’m resident outside of Germany and don’t speak the language, how realistic is my plan? I’ve done a fair bit of research on the practicalities ofbuying and letting out a property in Germany, and consequently am aware of manyof the potential pitfalls (not least due to the issues in 2 above). Despitethis, I’d like to think that the long-term prospects for capital gain are worthall of the likely aggravation and inconvenience.On the other hand, I wonder if I am deluding myself as towhether the upside is really so much greater than the downside. Is there muchmore scope for capital appreciation in the kind of property I’m looking to buy?Alternatively – would I just be better off scrapping the plan and investinstead in property in the UK (my options there would be far more restrictedowing to the fact that UK property is generally more expensive), or indeedinvest my money in conventional vehicles such as stocks and funds?Any info/advice/thoughts would be welcome. Please feel freeto be as frank and brutal as you wish.Many thanks in anticipation.