Bundesbank warns over surge in German property prices
House prices in Germany's seven biggest cities have risen by more than a quarter since 2010, according to a study by the Bundesbank, which blames low interest rates and growing interest from international investors for the phenomenon.
The price of apartments in places like Berlin, Munich and Hamburg have been rising "so strongly" over the past three years that an overvaluation cannot be ruled out, the Bundesbank warns in its latest monthly report, adding that price levels are "difficult to
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