Berlin has been ranked the top city for investment and development for the fourth year in a row by Europe’s real estate community.
The German capital came first out of 31 cities in Emerging Trends in Real Estate Europe 2018, the annual forecast published by the Urban Land Institute and PwC. The report is based on the opinions of more than 800 property professionals.
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Equity and debt are expected to be just as plentiful in 2018, despite the threat of rising interest rates, while this year’s high levels of investment are forecast to continue.
The fact that German cities once again took four of the top 10 spots in the report’s score card of prospects ‘is no surprise’ says the report’s section discussing Markets to Watch. ‘Germany has been steady state for a long time now. With Berlin, people truly believe it’s going to become a major city’, a pan-European financier says.
Article written by jane Roberts, in Market Watch.