Phoenix Spree boosts rents and values

Berlin residential property landlord enjoys a strong 2018
German residential property investor Phoenix Spree Deutschland ( PSDL ) seems able to brush off the country’s economic struggles after it reported a 14% increase in the value of its portfolio during 2018. Its focus on a relatively buoyant Berlin property market also delivered strong rental growth of 7.4%. The investment trust benefits from its exposure to a city with falling unemployment, an undersupply of rental properties and population...

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