How much is it to live in Harbour City? Is it like the London Docklands?
Looks mega expensive to me. Fantastic location and ultra-modern building design.
Not as expensive as London, but expect to part with half a million euro for a modest apartment there.
For a modest one? Well that's kind of like London then isn't it? How much are the up-market spacious apartments in HafenCity then?
It's probably a good investment if you can afford it. Hamburg is an amazing city who's statue and reputation is only going to grow over time in my opinion.
If that's the case then property will coninue to rise in price.
Until the global economic debt crisis strikes following the imminent US interest rate rise.
Even during the 2008 crisis property prices in London stayed ridiculously high. I see Hamburg like this. It's up there as one of the richest city in Europe http://www.worldsrichestcountries.com/worlds-richest-cities.html
and then you add in the proximity to the sea and all the other positives about this beautiful city and I think that the affluent areas will always stay desirable.
It's a big rich city, but not immune to property devaluation.
It's not london either. London is artificially inflated by Russian and Chinese billionaire investment.
When the ECB put the interest rates up again in Europe it might be interesting too.
Recessions and interest rate rises rarely affect the mega-rich.
That's true. However, are the mega rich the ones that are buying in Hamburg (Genuine question as I don't know the answer). In London, the Chinese and Russian billionaires are buying up all the properties near the Crossrail stations and inflating the prices.
London is a bubble waiting to go pop. I'm pretty certain the same can't be said for Hamburg.