Where prices continue to rise – and where not

Even celebrities don’t help anymore. Norbert Walter-Borjans searched for an apartment in Cologne for several months without success. Since he left his former home to his eldest son and wife, the former national president of the SPD learned firsthand just how competitive the German real estate market has become. “Most of the time, 50 or more interested parties were ahead of us in the race,” he said in a recent interview. “Now we finally got lucky.”