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The current Berlin property market (Q1/2017)
byAlexander KorteonJanuary 26, 2017
German interest rates Q1/2017
Interest is climbing, the average monthly rates for home buyers will increase, vacancy rate in all of Berlin is on an all-time low (1,2%), rents vs. average income are already very high, number of inhabitants on a constant rise, the only way out is new constructions, but prices of plots are very high, construction prices due to high demand of skilled construction workers on a strong rise. The new regulations of the Berlin building law code (e.g. bigger lifts) increase the costs on top.