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German property-price gains slow as migration hurts small cities

Posted on 11 January 2013

German property prices and rents rose more slowly last year as demand for space in smaller cities was hurt by a migration of workers to larger ones.
The BulwienGesa Real Estate Index, which combines commercial and residential prices and rents, rose 3.1 percent in 2012, the real estate research firm that compiles the data said today. In small cities such as Bremerhaven and Chemnitz, values rose 1.9 percent, BulwienGesa AG said. The index climbed 3.4 percent in 2011………………………………………..Full Article: Source

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