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Why Have German Property Prices Stayed Flat?

Friday, 20 Apr 2012 | 2:00 AM ET

Peter Toogood, investment director at Old Broad Street Research, joined CNBC to discuss why Germany has never experienced a substantial property boom. "Berlin is having its own property bubble, it has been moving for 3 or 4 years, but Germans just don't have that levered obsession, plus buy-to-rent, plus multiple houses owned by people, they think there are better things to spend money on than 'bricks and mortar,'" he said.