Despairing of rising prices, some Germans are taking matters into their own hands to secure long-term, cheap, and stable rents.
High demand in the biggest cities is lifting prices across Germany, with historic areas like Baden-Baden attracting a new generation of buyers.
Prices for prime waterfront properties around the world are on average 40% higher than comparable properties inland, new research has found.
A proliferation of property market regulations, the rising cost of finance, uncertainty surrounding Brexit, and in some markets, a high volume of new prime supply, is weighing on prime prices across the world.
Chicago may be freezing cold for parts of the year, but it has one big advantage over global cities such as New York, London and Hong Kong: it’s affordable.
Germany plans to strengthen rules to curb steep rent increases in some big cities, justice ministry documents seen by Reuters showed on Tuesday.
Frankfurt may not be every City worker’s dream destination but enough bankers are preparing to head there to spark a spike in house prices.
The largest price increases in Germany have historically been in big cities like Berlin, Munich and Hamburg, according to government data. But since 2012, home prices across the country have increased by more than 30 percent, according to an index tracked by the Association of German Pfandbrief Banks. In the third quarter of 2017, the index price for residential property was up 7.8 percent, compared with the same period a year earlier, the report said.
Housing construction costs in Europe's largest economy rose by 3.1 % in August compared with the same period a year earlier, data from the Federal Statistics Office showed
After Toronto, Stockholm, Munich, Vancouver, Sydney, London and Hong Kong round out the top six, according to the banking giant's latest Global Real Estate Bubble Index
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