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.

Discuss the impact of rising rents on long-term residents in Berlin.

What trends are expected in the luxury real estate market in Berlin over the next few years?