Monday, August 06, 2007

Berlin, a squatters' utopia, collapsing

Development pressures threaten a Berlin squat that has been in existence for almost 2 decades. Here's a key detail: "Irish, British, Danish and American investors are now buying up Berlin real estate at a steady clip, discovering the value in prices that are hovering at about €1,500 per square meter, or $192 per square foot." In the case of Koepi--named after Koepenicker Street, where it is located--the demon is a local firm called Sanus. The International Herald Tribune has the details.

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