A significant increase in the average office rent level is imminent in Berlin, particularly for the top end of the market, according to real estate consultants Winters & Hirsch. The economic recovery in Germany is a major driver of rent levels. The Federal Government expects an 2.3% increase in the gross domestic product for the current year and Berlin is benefiting from this cycle. 'For price conscious investors, buying the right real estate now opens up the prospect of increased return and added value,' researchers at the company said.
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