Berlin keeps rising

Earlier this year, Berlin has top the world as the city with the fastest rising property prices.

Formerly known for its affordable living costs and hip artsy scene, the city is now dominated by investments from foreign buyers into both residential and commercial property sectors in the market.

A large reason for this boom lies in the low mortgage rates, drawing in lots of people and their ideas for building new and innovative startups contributing to the city’s current and growing population of 3.5m.

According to property consultancy Knight Frank, prices in Berlin jumped by a whopping 20.5% in 2017 alone, and by over 120% since 2004. Apart from Berlin, German cities such as Hamburg, Munich and Frankfurt also joined the top 10 list in the world for the fastest price rises.

However, despite being on the world’s top list, when compared to New York or London, Berlin is still considered ‚cheap‘ in the eyes of the investors. Apartments in the top location would still cost just around a third of the price equivalent-sized properties in London.

And its not just residential, commercial property is also on the boom, an example being Norway’s state pension fund paying €400m for Axel Springer headquarters the city’s center or Berlin’s Sony complex being bought for €1.1bn last October.

10 fastest rising property markets in the world in 2017
. Berlin 20.5%
. Izmir 18.5%
. Reykjavik 16.6%
. Vancouver 16.0%
. Hong Kong 14.8%
. Budapest 15.5%
. Hamburg 14.1%
. Munich 13.8%
. Rotterdam 13.4%
. Frankfurt 13.4%

Berlin real estate market keeps rising

Source: Knight Frank global residential cities index

wohnraumbitzer.de-

your first choice for real estate investing in Germany, try us.

Best regards,

wohnraumbitzer.de Team

1. Contents of the website

All content provided on this blog is for informational purposes only. The owner of this blog makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. The owner will not be liable for any errors or omissions in this information nor for the availability of this information. The owner will not be liable for any losses, injuries, or damages from the display or use of this information.

The contents of this website were written with due diligence and by the author’s best knowledge. We can be held liable only by general laws, especially for our own contents acc. § 7 TMG (German law on tele-media) and for external contents acc. §§ 8 – 10 TMG. As a Provider of tele-media we can be held liable for external contents only once we have knowledge of a concrete infringement of law. We reserve the right to change or delete contents of this webpage which are not subject to any contractual obligation.

2. Links on external Websites

Contents of external websites on which we are linking direct or indirect (through „hyperlinks“ or „deeplinks“) are beyond our responsibility and are not adopted as our own content. When the links were published, we didn’t have knowledge of any illegal activities or contents on these websites. Since we do not have any control on the contents of these websites, we distance ourselves from all contents of all linked websites, which were updated after the setting of the links. For all contents and especially damages, resulting of the use of the linked websites, only the provider of these linked websites can be held liable. If we receive knowledge of illegal contents on these linked websites, we will delete the according links.

3. Intellectual property rights

All content of this website, especially texts, pictures, images, graphical presentations, music, trademarks, brands and so forth, are subject to copyright laws. The use, reproduction and so on are subject to the individual rights of the respective owner of the copyright or administrator of these rights. If you want to use such content, please let us know and we will establish contact with the respective owner/administrator.

—

Wir suchen dringend ein Haus, Wohnung zum Kauf in Tübingen

In der Regel wird eine Kaufentscheidung innerhalb von 48 Std. durchgeführt

Der Autor hat den Text genauestens geprüft, kann aber nicht für Falschaussagen haftend gemacht werden. Dieser Text dient dem Leser nur zur Anregung, sich im jeweiligen Fachgebiet vertiefend zu informieren und seine eigene Meinung zu bilden. Wir bitten um Verständnis, dass keinerlei Gewähr für die Richtigkeit der hier getroffenen Aussagen geleistet werden kann.woh

Immobilie Haus Wohnung verkaufen, Immobilienmakler Albstadt, Immobilienmakler Tübingen

wohnraumbitzer.de Ihr Immobilienmakler Albstadt – Tübingen – Bodensee

Berlin keeps rising