Handelsblatt Online on the boom in Berlin
In no other city is so much money flowing into residential real estate as in Berlin, writes Handelsblatt Online, the online property magazine. In recent years, the federal capital has developed into a world-class city with flair. In particular, the market for premium homes is booming. With a transaction volume of around €4.3 billion in 2013 in the area of owner-occupied apartments, Berlin even pushed the traditional leader, Munich, out of first place last year. The vacancy rate is also falling. According to the Verband Berlin-Brandenburgischer Wohnungsunternehmen (Association of Berlin-Brandenburg Property Developers) at the end of 2013, only two percent of all dwellings were vacant. Around the turn of the century the figure stood at six percent.
The full report can be found here:
7 November 2014