“Prices have risen, for residential properties, by almost a third, in the past five years.
In fact, George Soros has warned of a property bubble…
Not the view of the local real estate agents…
Apartments yield an average of 5 to 5.5%.”
– from ‘Could Berlin Be In A Property Bubble?’, Bloomberg, 28 Oct 2012
In Vancouver, we know that prices have to double or treble, and yields have to reach real-negative numbers, before you can really boast of having a bubble. What’s German for ‘wussy’? Try harder, Berlin.