Real estate in Germany may rise in price by 13% within a year
German Real Estate portal Immoscout24 predicts that rental prices may rise in five major German cities, with prices in Berlin expected to be higher than in other areas.
German Real Estate portal Immoscout24 predicts that rental prices may rise in five major German cities, with prices in Berlin expected to be higher than in other areas.
The first residential building, fully printed on a special-purpose 3D printer, was completed on a turnkey basis in the town of Beckum, in North Rhine-Westphalia.
As per the study conducted by Hans Böckler Stiftung, an analyst at the University of Berlin, housing expenses of German households reach as much as 50% – an alarmingly large proportion.
A recent study by Immowelt Property Search Portal showed that rents on new contracts have increased in at least 80 major German cities over the past five years. Furthermore, in 34 of them this growth exceeded 20%.
In 2021, analysts predict a rise in real estate prices for at least 4 percent. DPA, a German news agency, had recently quoted Stefan Mitropoulos, an expert in real estate: “The housing market in Germany is surprisingly stable”.
Interest in suburban areas throughout the country has grown amid the COVID-19 pandemic.
According to FAP Group, many large players in the German Real Estate market originated from South Korea are currently being held back by travel restrictions imposed by the COVID-19 pandemic, not being able to conduct business deals in their normal sense.
Barton Group, a German fully integrated, family-run nationwide real estate investment company, reported about its near-future plans to receive more than sixty five million Euros in capital commitments.
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