'Poor, But Sexy' European City Sees Real Estate Boom

Investors are flocking to Berlin gambling that the city's economy will catch up with its image.

1 minute read

May 1, 2007, 12:00 PM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech

"Hipper and cheaper than Paris and Rome, and the capital of Europe's economic power, Berlin is attracting investors from around the world...There are the annoying facts of the city's high unemployment rate and huge debt, but Berlin's image as a cultural and party haven has, at least for now, more verve than its rather dismaying bottom line...Investors essentially are gambling that Berlin's image will sustain the city until the economy catches up."

Read the full story: Investors betting on a Berlin boom

Sunday, April 29, 2007 in The Los Angeles Times

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