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Investors bet on German property boom (Financial Times UK)

FT.com site, Jan 02, 2007

Investment in German commercial property is at a record high, boosted by the flood of foreign investors who are betting that the recovery in Europe’s largest economy will at last trigger rising demand for offices and shops.

The volume of German commercial property transactions more than doubled to €45bn ($59.8bn) last year from 2005, according to figures by Jones Lang LaSalle, the property consultant and investor. Activity is at an all-time high and foreign investors account for 79 per cent of the deal volume.

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