Luxury Apartments Where the Berlin Wall Once Stood

Berlin is evolving from its 'poor but sexy' image to a hub of opulence, attracting global buyers, especially from Russia, North America, and Scandinavia. The city offers luxury living at relatively affordable prices compared to London or Paris. However, this shift is pricing out long-term residents, with rents rising significantly while wages lag. The luxury market has grown substantially over the past decade, and this trend is expected to continue, potentially creating a 'ribbon of luxury' along the former Berlin Wall.

What is the main reason wealthy individuals are investing in Berlin's real estate market?

• To enjoy the city's historical and cultural richness

• To establish a presence in a global city

• To benefit from Berlin's excellent public transportation

• To take advantage of Berlin's low crime rates

How does the cost of luxury living in Berlin compare to other major cities like London and Paris?

• It is more expensive than Paris but cheaper than London

• It is more expensive than both cities

• It is about the same as in London but cheaper than Paris

• It is cheaper than both cities

What impact has the luxury real estate market had on long-term residents of Berlin?

• It has improved their quality of life

• It has caused them to be priced out of their homes

• It has led to an increase in job opportunities

• It has made housing more affordable for them

What is the predicted annual growth rate for Berlin's luxury market?

• 2%

• 15%

• 10%

• 5%

What historical feature is the luxury market in Berlin potentially creating a 'ribbon of luxury' along?

• The Berlin Wall

• The Brandenburg Gate

• The Reichstag Building

• The Berlin Cathedral