Berlin Friedrichshain-Kreuzberg has extended the "Milieuschutz" area Hornstrasse

Since January 30, the Hornstrasse preservation area "Milieuschutzgebiet" in Kreuzberg (Friedrichshain-Kreuzberg) also includes the "Riehmers Hofgarten" residential complex between Yorckstrasse and Hagelberger Strasse. According to the district, it is part of Apartment Block 205, to which the conservation statute, i.e. environmental protection, now also applies.

Bild von Karlheinz Pape

Above all, it says that so-called luxury modernizations are prohibited. This includes, for example, the addition of a second hand-basin in the bathroom, but also, and apparently there, with particular attention, the possible merging of smaller apartments into larger ones.

Modernizations to produce a contemporary equipment of the apartments are still permitted as well as energetic renovations, but must be approved in advance. The goal, as in all social protection areas, is to make the currently resident population more secure from being priced out.

The conversion to condominiums cannot be prevented by the Milieuschutz statutes. However, they are subject to strict requirements like selling to sitting tenants only for a set period

The Hornstrasse Conservation Area had already been expanded by several blocks around the Victoria Park in March 2019. According to the district office, there are now almost 8,400 households in this protected area.

The implications for property owners are summarized here:
https://germanproperties.blogspot.com/2018/03/the-can-do-and-cant-do-renovating.html

Property Listing for Berlin, Germany 30.07.2012

The new Property Listing from Properties-in-Berlin.com is now available at their website.

Demand is still high and despite the summer break many purchases were notarized but it seem that the price hike at the beginning of the year has flattened out.

Financing with a reasonable LTV is still an obstacle for many investors, espacially for investment volumes between 1 to 5 million Euro. As always, equity dictates the market.

The residential rent levels have risen significantly throughout the last two years so that we can expect that the next official Rent Table for Berlin which should come out May 2013 for some regions will be up by more than 15%. This mean that existing rental contracts can be checked for increase potential. It might be wise to hold back with increases right now as the rent has to remain unchanged for 15 months after an increase.

More information available on www.falkenberg-solutions.com.