Hello, I am a Property Developer in the U.K, specialising in new build projects. Recently, I have been introduced to an individual who claims to own a large portfolio of mainly un modernised property and land that seems very cheap. I adopoted many years ago the adage of :"If it seems to good to be true, guess what" Still I am intringued and as a result have joined this web site to find out more. For the more experienced of you out there, please tell me if you believe the areas in the eastern part of Berlin/Germany is worth the time and effort in respect to the following:- 1. Is they're a High rental demand and what accomodation rent's best. 2. The attitude of the finance houses to these areas and who is best to use. 3. Potential for capital growth. 4. Are the utilties and property tax now the responsibilty of the Tenant and if the unit is vacant, is the Landlord exempt from paying property tax/rates. 5. For building works, I understand it may be possible to get grants from the local goverment. How time consuming and worthwhile is that. Any matter here in the U.K takes ages to implement- if your lucky. 6. Would you yourself buy these type of investments that require work or look for higher quality/tenanted buildings producing lower yields. My motivation is to buy long secured income. Capital growth is a bonus. Thank you so much with whatever help you can supply. Any un solicited advice is also welcome. Regards, The Major.