Time for discerning investors to sell Berlin assets
Many Irish investors bought property in the German capital in the years following the fall of the Berlin Wall
Following the fall of the Berlin Wall in 1989, expectations for the city were sky high. As it turns out, they were far too high. A lot of new property was built, very quickly and very expensively. A perceived “swift integration” of East Germany and Berlin taking its rightful place as Germany’s capital was to fuel a huge expansion.
It was expected that all major German corporate entities would want Berlin offices...
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