Internet startups, international musicians and artists have made Berlin their home base for more than a decade.
This “creative class” – key to a lively world city, urban studies experts say – has lifted the German capital to its feet.
“Berlin used to be a relatively poor city,” said Sebastian Fischer, managing director of real estate agents Engel & Volkers. But with reports that five Internet startups are founded here daily, and a GDP that has grown consistently since 2008, the capital is looking less shabby and more chic.
Now, luxurious apartment buildings are rising near the route of the demolished Berlin Wall. Chunks of central Berlin still remain vacant. But within the bounds of strict rules designed to keep property speculation at bay, healthy rejuvenation is taking root. (keep reading here)