The age of cheap loans has well and truly dawned. Germany in particular is witnessing a building boom with Berlin at the epicentre. Experts predict an ongoing real estate boom, with some already warning about a bubble.
Report by Christian Pricelius
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.
Berlin property prices skyrocketed in 2017, outpacing all other major centers, according to a new report. Three other German cities also ranked in the global top 10.
A combination of low interest rates and banks hunting for yields could fuel a dangerous real estate bubble, a senior member of the German central bank has warned, urging banks and financial supervisors to be alert.
© 2018 Deutsche Welle |
Legal notice |
| Mobile version