Farmland in Europe: Prices and players from east to west
The 2008 global downturn froze the city’s real estate market for a few months, but “even in the worst crisis, no one lost one cent here in Berlin,” Mr. Zabel said.
Germany “remained a top global investment destination,” said Sebastian Fischer, a managing director of Engel & Völkers in Berlin, “as a safe-haven economy in the eurozone, with a stable currency and general positive outlook.” Berlin, in particular, was buoyed by “extremely strong demographics, a constantly growing economy and very high quality of living.”
Since 2011, prices have gone up “25.5 percent on average” with higher increases in the center city and smaller price gains on the outskirts, Mr. Fischer said.
Commercial property investment activity in Europe reached its highest level since 2007, totalling €102.5 billion in the first half of 2015, the latest market analysis report shows.
The investment volume across the 16 participating countries was 25% up on the same period last year, according to the European Investment Briefing report from international real estate advisor Savills.
Law aims to prevent landlords from raising rents for new tenants to more than 10% above local average, but there are no penalties if a landlord is caught
Moody's warns that the ECG QE programme may be causing a housing bubble...
The pound rose to its highest rate against the euro since November 2007 on Thursday, climbing to €1.4350 at one point.
The euro fell against both the pound and the dollar as markets assessed potential interest rate moves over the next few months.
The European Central Bank is expected to maintain its loose monetary policy for some time to come.
However, markets are now waiting for rate rises in the UK and US.
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