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Essay / Growth in Berlin during Brexit
German properties continue to grow during Brexit. Even rents are constantly increasing in the city and real estate is rather unaffordable for local buyers. Germany offered easy citizenship to Britons during Brexit, even though the country does not allow dual nationality. It treats Britons as citizens during the transaction phase and there are provisions whereby people who have lived more than 5 years in the country will benefit from permanent resident status and the benefits of citizenship such as pensions and healthcare health. During Brexit, Berlin offers commercial investment opportunities where rents increase for small and medium-sized tenants. German markets are transparent compared to those of China. Growth in China declined from 7 to 4.5 percent in 2017, and in the United States, house prices increased by 6.3 percent in 2017, where Seattle recorded the highest growth of 12.7 percent – according to reports from Knight Frank. Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”?Get the original essayBR-NAS bought offices for 30 million euros in Germany in Düsseldorf and Essen. The Finnish fund Ilmarinen has invested in Berlin, Amsterdam and the United States. Deutsche Industries bought three industrial properties in Berlin – (Schleiz on the Munich Autobahn, Bremen and Lower Saxony, Shortens for 8.05 billion euros). Dentan has entered into a partnership with real estate company René Dubois to develop its real estate activities in Germany. Swiss company Swiss Life will acquire Berlin-based BEOS to strengthen its branches in the mixed real estate sector – offices, manufacturing and logistics. Singapore wealth fund bought properties from GIC Pte, bought properties from TechnoCampus Berlin with local company partnership for project that transforms aging buildings into offices. Investments by German real estate funds increased by 50 percent in 2017 and there are at least 13 German funds open. finite funds targeting institutional investors and private investors to invest in the country to gain during the volatility of Brexit (as assessed by Scope). In 2017, total investment in Germany amounted to 2.3 billion euros. Inflation has risen by at least 80 percent in Germany's main cities over the past decade, according to statistics released by Deutsche Bank. Apartment prices in Munich have doubled while in Hamburg they have increased by 70 percent. Germany is showing some of the highest growth, while UK real estate is slowing in some regions. Hong Kong and Vancouver are other growing cities. Low interest rates, job creation and population growth in larger cities are the main reasons for rising property prices, leading to a shortage in cities like Munich. The population has increased by several thousand compared to the number of available housing units in Germany. In Berlin, prices increased by 20 percent year-on-year and, on average, property prices in Frankfurt, Munich and Hamburg increased by 13 percent last year. Keep in mind: this is just a sample. Get a custom paper now from our expert writers.Get a Custom EssayOffice prices in Germany are increasing and the price of commercial real estate in German submarkets has also increased. Growing investor demand has led to a three-fold increase in office prices in five years. Welcoming visa and settlement options have.