Germany never saw a collapse like Southern Europe, Spain, Portugal and the like. Prices stayed the same. Never declined. But now real estate is really on the way UP in all major cities.
We said 3 years ago in our annual forecast that we felt Berlin and most other German cities were undervalued. Since then prices have risen to such an extent (and with it rents) that it is making headlines and TV shows in Germany.
Rents are actually a lot higher and are up:
– Munich are up 29 %
– Frankfurt 23% and
– Cologne up 25% in a year
So are prices, Germany real estate deals: