Apartment Building In Berlin

Owning an apartment is also more convenient than owning a house as the general maintenance and landscaping is taken care of by the owner or body corporate. This is particularly the case in regions with climate extremes, such as the long and snowy winters in the Nordic countries of northern Europe where there is much snow clearing work for house residents.
• Real estate investment
The total cost for the construction of an apartment is much less than the cost invested in the construction of a single house. When the cost of a single unit in the apartment is compared to a single house of the same dimension, the difference in cost is very large. The cost of land is shared by all the owners of the apartment. But the price at which the flats are sold is not exactly proportional to the difference, but the real estator makes a big share of profits because the price at which the flats are sold are almost equal to the price of the houses in specific areas of the city. In this way apartment construction is an advantage to the real estator.