“Up to 30 percent of dirty money ends up in real estate’: How crime causes prices to explode. Around 100 billion euros are laundered in this country every year.
Homebuyers compete “when in doubt with criminals from all over the world’. Russian oligarchs, for example, also buy noble properties in Berlin and other cities in order to get money from dubious sources. The police do not have an overview of the entire extent of money laundering by large mafia organizations.