Thursday 28 August 2008

Good news from the German Labour Market

In August 2008 the unemployment rate has dropped further by another 0.1%. The development is robust despite the slow down in economic growth in the Euro region. The tendency is expected to grow stronger once the summer holiday season is over and business is back in full swing.

The German unemployment rate is still higher than the average in the Euro-Zone but the positive development is supported by the need for qualified workers and a strong performance in the export industries.

For detailed statistical data also see "Bundesagentur für Arbeit".

For the German Property Market this means that the most important player in the residential market, the tenants, are moving into a better position to afford rent increases and new and better apartments.


Friday 22 August 2008

Six Berlin Housing Projects Declared World Heritage Sites

UNESCO has included 6 Berlin housing estates in its World Heritage List. The projects were built in the 1920s and 1930s. They had model model character for social housing with vastly improved living conditions for tenants at the low end of the income scale.

The ideas had impact on the development of social housing in many other coutries.

Avant-garde architects like Bruno Taut, Martin Wagner, Walter Gropius and Hans Scharoun were building some of the world's first modern apartments with kitchens, bathrooms, balconies and sufficient windows to provide light and fresh air.

More details at DW - World, Deutsche Welle

Some of these apartments are available for property investors. To get listings and detailed information please refer to Properties in Berlin