Thousands of apartments sit unsold in the Indian financial powerhouse. Buyers are biding their time in the hope of further price drops.
Berlin rents are rising at an eye-watering pace, and many blame greedy real estate firms for the situation. Activists have now proposed nationalizing housing companies. The idea is legal, novel, and highly controversial.
Last year, buyers paid a record-breaking sum for apartments, houses and plots of land in the German capital, according to a report. The most expensive apartment sold last year set its new owner back €8.2 million.
Germany's cities are facing a crisis: They're just too popular. Living space is getting increasingly tight; property values and rent prices are skyrocketing. But the city of Ulm might just have the solution.
Investor Warren Buffett's real estate arm has entered into a franchise deal with a firm that sells high-end Berlin apartments. But one property analyst told DW that the billionaire may have missed the property boom.
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