Germany's housing sector slumps into crisis

By Agence France-Presse

Sep 25, 2023 4:52 pm

BERLIN: Valeriy Shevchenko felt like he made the purchase of his lifetime when he beat a queue of prospective buyers to secure a two-bedroom apartment in one of Berlin's most popular districts.

Two years on, the 33-year-old's housing dreams have come crashing down after the developer of his new home, Project Immobilien, went bankrupt.

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