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Union Investment and the German Tech Entrepreneurship Center (GTEC) have just crowned the most innovative PropTech companies in the world. The competition received more than 200 entrants from 46 countries, and the biggest winners are start-ups in the German capital, Berlin. The PropTech Innovation Award was initiated by Union Investment and the German Tech Entrepreneurship Center (GTEC) as a way to celebrate, nurture and reward the most groundbreaking property technology …

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The Mietpreisbremse – literally the rental price brake – was introduced in Berlin in June 2015. Politicians hoped that the legislation would slow the rate at which rents were rising by limiting property owners’ freedoms to raise rents. In actual fact, rents are now generally increasing faster than ever.   According to a recent study from the Cologne Institute for Economic Research (IW), rents for apartments in Germany’s major cities are now rising …

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Berlin hotel market – More than just a room for the night?   The Berlin hotel market is booming. A total of 12.7 million tourists visited Berlin last year, up from 12.3 million in 2015 and a massive jump from the 3.2 million visitors the German capital welcomed in 1996. The number of overnight stays in the city exceeded 31 million for the first time in 2016, equivalent to a …

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International buyers, especially in a major city like Berlin, are a significant group of potential customers. Many real estate agents and property consultants specifically target international buyers, particularly at the top end of the market, and their businesses are booming as a result. Foreigners now account for almost 30% of high-end property sales in Berlin, and in some market segments this rises to 70%, compared with just 10% a decade …

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On 24 June 2016, the world woke to the shock result of the United Kingdom’s Brexit referendum. Turnout was historically high, at 71.8%, and more than 30 million people voted. At 52% – 48% in favour of leaving the European Union, the Brexit majority is far too slim to create any long-lasting stability. A range of forecasts in the run-up to the referendum attempted to predict the fallout of a …

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Berlin’s Smart City roadmap and the projects that will secure a carbon neutral future  From the home to the streets How smart is a Smart City Germany has 3 of the Top Ten “Innovation Cities” in Europe The smart journey so far Where next for Berlin?   What began with the concept of the smart home (programmable, self-learning and networked home appliances and systems), then embraced the idea of smart …

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