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CityWatch | Berlin: Demand drivers rising
Each city around the world has a unique DNA and topography of opportunity. Here’s one where real estate opportunities abound:
Berlin is one of the top-performing office markets in Germany, with extremely strong rental growth and high demand from business for both office space and for housing a skilled workforce.
As Germany’s largest city and the capitol of Europe’s biggest economy, Berlin attracts both non governmental agencies and corporations. It is also home to three large universities and a vibrant cultural scene. These attributes drive demand for many real estate sectors.
- Sustainability standout: Air quality is better than the average big European city
- Technology trailblazer: Highest tech concentration in Germany
- Investment intensive: Thriving economy of innovative businesses
- Tourist target: Attracts visitors and residents to its cultural offerings
Discretionary spending growth
Overall, the cost of living in Berlin is
cheaper than Paris, and
cheaper than London.
Source: Nuveen Real Estate estimates based on Oxford Economics, 2019 and United Nations data, 2019
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In this issue
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A word on risk
Real estate investments are subject to various risks, including fluctuations in property values, higher expenses or lower income than expected, and potential environmental problems and liability. Please consider all risks carefully prior to investing in any particular strategy. A portfolio’s concentration in the real estate sector makes it subject to greater risk and volatility than other portfolios that are more diversified and its value may be substantially affected by economic events in the real estate industry. International investing involves risks, including risks related to foreign currency, limited liquidity particularly where the underlying asset comprises real estate, less government regulation in some jurisdictions, and the possibility of substantial volatility due to adverse political, economic or other developments.
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This information does not constitute investment research as defined under MiFID.