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German property: Euro angst hits home

Posted on 26 November 2012

Could Germany be heading for a property bubble? In 2009, after a decade of stagnation during which many other countries experienced a dramatic real-estate boom and bust, German house prices slowly began to rise. Then, for a while, house prices and wages leap-frogged each other in a reasonably healthy way. But now bubble-watchers see some danger signs.
Prices in big cities—notably Berlin, Munich, Hamburg and Cologne—seem to be getting out of hand (see chart). In Germany’s seven biggest cities prices for residential property grew by 9% in 2011, with another increase of 11% expected this year. Desirable districts in Berlin and Munich have seen even higher mark-ups………………………………………..Full Article: Source


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