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Sunday, Sep 15, 2024

Rich German families snap up trophy real estate after price drop

Bloomberg
As investors steer clear of Germany’s battered commercial realty market, wealthy families are sensing an opportunity to snap up trophy assets for cheap.
The ultra-rich private investors have closed deals worth €1.5 billion ($1.7 billion) across all property classes in the first six months of this year in Germany (Picture for representational purposes only)
The ultra-rich private investors have closed deals worth €1.5 billion ($1.7 billion) across all property classes in the first six months of this year in Germany (Picture for representational purposes only)

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