Who Are We?

CDM Associates is a Monaco consultancy specialising in the residential property market in Berlin, Germany.

For the past year CDM has been establishing relationships with Berlin's major estate agents, individual property owners and several major German banks that specialise in property finance.

At the same time a complete management team has been established to manage properties purchased by CDM clients, the team's objectives are to efficiently manage, to maximise both yield and capital growth potential.

Due to the current situation, there are more buyers than sellers, good properties are available for a short period of time and in some cases only offered to favoured clients.

For this reason CDM recommends to their clients that finance facilities are in place prior to making an offer on a property.

Several banks have agreed to offer finance (in principle) to CDM clients on the basis of their credit rating (established by the bank based on the individual's financial statement) and subject to a property survey.

This system has worked to advantage in the past where a quick decision was required. In general terms, subject to location and income, banks will loan (to foreign investors) between 60-80% of the purchase price of the property.

Purchasing costs (Notary, Tax, Agents Fees) in Germany are relatively high, normally 12% of the purchase price. In the past the most popular lot sizes have been in the range of 600-1.200K€ range and usually 10-25 apartments, mostly fully rented with yields of between 5-8% in good condition and with potential to either increase rents or capital growth.