By Silvio Pagliani | Recent figures on the luxury property market from LuxuryEstate.com confirm that Germany is attracting a lot of interest from global investors.
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The luxury property platform has found that of all the cities in Germany, Berlin and Munich are attracting the biggest spenders worldwide, with luxury properties in Berlin and Munich raising a value that is 30% higher than the German average.
LuxuryEstate.com have found that Saudi Arabian investors look for property more frequently in Munich, with an average budget of £2,825,285 in the whole of Germany and a considerably higher budget in Munich with £4,867,628.
Investors from Austria are amongst the biggest spenders with searches on the platform reaching as high as £3,353,281 for properties in Germany.
Investors from Austria are amongst the biggest spenders with searches on the platform reaching as high as £3,353,281 for properties in Germany. Austrians are mostly attracted to property in Munich. These investors are searching for property in the city with an average budget of £979,978.
Swiss investors are also more attracted to Munich, with searches averaging a budget of £3,827,746, compared to a budget of £2,449,667 in Berlin and an overall budget of £2,511 491 in Germany.
Berlin, on the other hand, is attracting higher budgets from investors in Kuwait and Russia, with searches on the platform averaging a budget of £2,929,905 and £2,748,928 respectively. Investors from the United States are also more interested in luxury property in Berlin with an average budget of £2,789,554 in Berlin and £2,521,488 in Munich.