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Cheap Money Risks Inflating Bubble in Europe’s Hottest Property Market

  • German real estate firms raised $19 billion of bonds in 2019
  • Asset prices keep breaching records amid slowing economy
A high rise apartment development site in Berlin.

A high rise apartment development site in Berlin.

Photographer: Krisztian Bocsi/Bloomberg
Updated on

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It’s Europe’s biggest economy and known for an aversion to borrowing that’s shielded it from the booms and busts that repeatedly ravaged its neighbors.