The recent economic crisis, which in 2009 threatened to jeopardize even Germany’s economy, can finally be considered water under the bridge. The quality of life in Germany today has reached extraordinary levels, so that more and more people pack up and head to Berlin, Dusseldorf, Munich or Frankfurt. Among the consequences of this is the full recovery of the housing market, which in the years of recession had suffered an abrupt halt. It is now in excellent health and flourishing…
At present, Germany is one of the top countries in terms of living conditions, with attractive salaries, work opportunities, good public services, and support from the state. Consequently, more and more people are packing their suitcases and finding their way to cities such as Berlin, Frankfurt, Hamburg and Munich. Taking this into consideration, it is not surprising to hear that housing prices have increased greatly. Of course, there are those who fear that such rising wealth could soon take another…
Munich, in the south of Germany, renowned for its royal residences, immense parks, and baroque churches, and favored destination for the more affluent Germans. The city is now starting to attract International buyers. A recent survey indicates that around 5% of luxury homes in Munich purchased above 2 million euro are from foreign buyers, particularly from Russia and the Middle East. After the recession in the real estate market at the end of 1990, Germany decisively bounced back and it…
