Soros Sees Threat of Bubble in Berlin’s Housing Market

Billionaire investor George Soros said Berlin homes are at risk of becoming overvalued because demand is being fueled by buyers seeking a safe place to put their money amid the European sovereign-debt crisis.

“You have a serious danger of a housing bubble developing in Berlin,” he said at a panel discussion yesterday in the German capital. “It has a lot to do with the flight of capital and negative real interest rates.”