Forget London. To witness the fastest property price increases in the world, you need go no further than Berlin. Data compiled by Knight Frank shows that prices rose 20.5 percent in 2017 compared to a paltry 2 percent in London. In fact, property in cities all over Germany have been on a rapid rise, with Hamburg, Munich and Frankfurt all making the top 10 cities in the world. Anyone who bought property in 2004 will have seen its value go up 120 percent in value. Foreign buyers have noticed the trend and contributed to it by flocking to the German capital to buy while there’s still time to profit. Investment whizz Warren Buffet raised the eyebrows of those suspicious he’d moved too late by investing in a top-end real estate agent not long ago, according to the Guardian. It writes that droves of newcomers have swelled values, as more than 50,000 people have come to live in the city for the past three years, expanding Berlin’s population to 3.5 million.
Photo source: berlin.de, VHS Lichtenberg
