The demand for real estate investments by foreign investors and Germans alike, continue rising. A steady population growth, increases in the overall economy, and for the first time, increases in the purchasing power of locals, are the three key factors driving this trend.
Berlin has been able to hold its ground as a competitive business location. The city’s new infrastructure and the increase flow of qualified workforce, worldwide reputable educational and research institutions are among the major reasons motivating companies from all over the world to relocate in Berlin.
Once an industrial city, Berlin is on the way to becoming a modern center of service providers. One important service industry is tourism. Berlin reached another record in 2012 with 24 million overnight stays, as per government reports.
Property prices in Berlin are still moderate by international comparison; the low interest rates and the shortage of new trustworthy property markets are helping Berlin establish itself as a low-risk investment, yet a very profitable one.
Concerns of a market bubble are quickly dismissed by persistent lagged in structural and housing development. Berlin has not yet completed its structural shift from an industrial city to the technology valley and service tycoon it’s intended to be.
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