From war bunker to penthouse to market flop: how Germany's property boom ended

[1/3] Cars drive on a rain-soaked road past an air raid shelter converted into luxury apartments at Ungererstrasse 158 in Munich, Germany, August 27, 2023. REUTERS/Leonhard Simon Acquire Licensing Rights MUNICH, Sept 1 (Reuters) - It has been a tumultuous year for one prominent German property…

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