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Italians, Greeks seek shelter in Berlin house market

Posted on 20 January 2012

Italian pensioners, doctors, film directors, architects, young couples and teachers, as well as similar middle class Greek families, are looking around with budgets of up to 150,000 euros (123,000 pounds), more than enough for a two-room apartment, agents in Berlin said.
The property rush has made the fortune of Berlin real estate professionals who speak foreign languages. “Sales of residential property skyrocketed in the last two months due to fears of a possible default of Italy, new property taxes and threats of a recession,” said Federico Racca, a manager at Berlino Immobiliare, a real estate agency in Berlin whose clients are mostly Italians………………………………………..Full Article: Source


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