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Investor interest close to the Kurfuerstendamm , Berlin’s most prestigious shopping strip, is helping boost business confidence throughout the city’s central Charlottenburg and Wilmersdorf districts.

For a period after the city’s 1989 reunification, the Kurfuerstendamm appeared set to lose out, as a host of cinemas, theatres and restaurants went out of business.

The Kurfuerstendamm - Kudamm for short - still glittered at night but much of its old flavour and tang had dimmed in the 1990s, as talk focussed on the east with the reinvented Potsdamer Platz , the new Friedrichstrasse shopping malls, and the revival of the communist-era hub, Alexander Platz .

Now, that is less the case. The Kudamm has recovered much of its old glamour and assertiveness in the past three years, as new high-end shops open and its pavement cafes, restaurants and pubs win renewed popularity.

In 2008 we will see an increase of so called “privatisations” in Berlin where international investors who have bought big residential portfolios are selling off individual apartments either as vacant condos for own use or as buy to let investment apartments. Especially the investment apartments were modernised throughout recent years and provide a dependable income source.