Top notch prices of luxury German properties
A new survey covering the cost of luxury German property shows a generous price appreciation during the previous 12 months.
According to one specialist firm there have been marked price increases in areas including Berlin, Hamburg and Munich as well as record price highs in vacation destinations in the Alpine region and along the Baltic and North Sea coasts.
The survey concentrates on exclusive properties and locations throughout the German property market and do not reflect the market in general for residential real estate in other regions.
There are several factors taken into account to qualify for inclusion in this sector such as unique location, quality and comfort of the property as well as the highest levels of features within the residence.
Experts agree that considering the economic problems facing the euro investors are ploughing their money into exclusive properties that are more likely to gain in value in the years ahead rather than playing the stock markets.