Disappointing outlook for Berlin`s residential market
Released on = October 2, 2006, 12:59 am
Press Release Author = German Hawk Group
Industry = Real Estate
Press Release Summary = The real estate consultancy The German Hawk Group is valuing the outlook for Berlinīs residential properties as disappointing.
Press Release Body = According to research http://german-hawk.com/market_letter/06-3.html, enthusiasm for investment in residential property in Berlin is not based on fact. Important economic indicators such as the unemployment rate, GDP per capita, etc. reveal the weak position of Berlinīs economy.
Real estate can only rise in value in a prosperous economic environment, with employment opportunities and diverse lifestyle activity. The mid to long-term outlook for Berlin is slightly better as the new Berlin-Brandenburg airport is under construction and the overall German economy is showing signs of economic improvement.
The consultancy maintains that comparison with other European capitals such as London or Paris is extremely deceptive as every property market follows its own rules - and Berlin is no exception. Instead it recommends cities such as Munich or Frankfurt.
The German Hawk Group is a Dubai based real estate consultancy for international investors. It assists private as well as institutional clients investing in German real estate.
Web Site = http://german-hawk.com
Contact Details = German Hawk Group PO Box 500238 Dubai United Arab Emirates contact@german-hawk.com
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