Foreigners heated market gentrification of Berlin

Foreigners stimulate the market of elite real estate in Berlin - the demand for housing in the central areas of the city from foreign buyers is increasing, and with it, rising prices, according to the online source Property Investor Europe , citing data from the company Engel & Volkers. The company's specialists have noted that many new projects that are being built here, still can not meet the growing demand for real estate. Buying a home in the German capital attracts not only foreigners but also German citizens, this interest is due to low interest rates and an increase in the cost of rental housing in Berlin. Among foreign buyers the most active residents of Belgium, Russia, Switzerland and Luxembourg. Compared with London, Hong Kong and Moscow, the cost of housing here is still relatively low - the highest price per square meter penthouse in a new building located in the prestigious historical center of Berlin, will be about 15 000 euros. HomesOverseas.ru