Analysts at global real estate advisor Knight Frank, found that ultra-high-net-worth investors were increasingly interested in cities such as Berlin. First of all, this can be explained by security reasons and convenience of life in German capital. Price is not in question in this regard.
Munich has long been packed, and Berlin is now in priority. It should be noted that real estate prices in Berlin rose by 8.7% over the last year, while in Munich by 8%. A much sharper rise in real estate prices was in Shanghai (27.4%) and in Amsterdam (10.1%).
It is worth noting that as of today, the capital of Germany is so attractive that it occupies the 7th place in the world in terms of the prices per square meter.
The chart below illustrates where and how many square meters of luxury residential space you can buy for $ 1 million.