November 16th, 2015
‘Berlin is attracting interest from Middle East real estate investors’ says a recent report on the Jordanian website ‘Al Bawaba’. –http://www.albawaba.com/business/weak-euro-arab-investors-seek-property-bargains-in-berlin–766912
Quoting ‘Global Real Estate Outlook’ published by the Hong Kong based property investment firm IP Global, the article says Berlin is attracting interest from Middle East real estate investors who see a booming economy, strong population growth, and an increasingly weak Euro.
Outside of this currency fluctuation, the article sited that the positive fundamentals of Berlin’s property market were the main factor driving increased demand. It also mentioned lots of dynamic infrastructure build-out taking place all over the city.
The article mentions public projects like the €5.3 billion yet to open Berlin/Brandenburg International Airport, and the ‘Urban Tech Republic’ which will be built on the old TXL/Tegel airport when the BBI airport opens in 2017 . http://www.berlintxl.de/
The popular areas of Berlin Mitte, Prenzlauer Berg and Friedrichshain-Kreuzberg continue to be sought after by both international and German residential property investors.
The Jordanian based ‚Al Bawaba‘ provide distinctive web content – syndicated and freelance contributions in politics, business, entertainment, and sports – the site represents the largest resource for aggregated local content – in English and Arabic – within the MENA region.