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Photo credit: Der Spiegel
A church made of ice? It's snow joke for a Bavarian village, where an entire building was made out of the white stuff to celebrate Christmas.
The church, which reaches up to 65 feet, consists of 49,000 cubic feet of snow, but is not the first slippery structure to be created in the town of Mitterfirmiansreut. A century ago, the local residents found themselves snowbound and unable to reach the nearest church in the nearby town of Mauth. Instead, they built their own church in protest.
Now, the townspeople have been at again. Following two years of planning from restaurant owner Bernd Stiefvater, the village hired architect Alfons Doeringer to design the current snow church to pay tribute to that extraordinary Christmas in 1911.
Transaction volumes across German residential property portfolios of more than 50 units increased by 44% year on year to €6.12 billion in 2011, new research from CBRE has revealed.
Transaction volumes for Germany's commercial real estate market will exceed €20 billion in 2012 with continued strong demand from both domestic and foreign investors, it is claimed.
2011 is emerging as a record year for the German residential market. More than 220 large-scale residential portfolios were sold to international investment groups during the year versus 171 in 2010, the Patrizia Immobilien Group told OPP this week.
European stock markets have opened slightly higher following falls in Asia after Standard & Poor's (S&P) cut the credit rating for France and a number of other European countries.
2011 was a record year for the Hamburg-based overseas property agency Engel & Völkers Group, with overall commission revenues topping €200 million for the first time.
Germany will ease its visa controls this year in a move expected to help thousands of people and companies from Russia and China seeking to do business in the European Union's biggest economy.
German house-building permits have soared to a record this year as investors put their money into bricks and mortar as a hedge against inflation and the EU's sovereign debt crisis.
The giant German overseas property agency franchise Engel & Völkers has opened up a new flagship store in Cannes on the French Riviera as prices in “prime locations reach new highs,” says the company.
Toulouse, Munich and Hamburg have emerged as the most attractive locations for overseas property investors looking to get into buy-to-let opportunities abroad says German real estate consultancy PATRIZIA Immobilien AG.
Germany's chancellor says the Eurozone will stay on course, despite warnings of a mass downgrade of member states' credit ratings.