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Good reasons:Why Germany is a good place to buy property!
Some of the highlights to Investing in German Property
The
German property market is rebounding, after many years of under
performance. Industrial and political reforms are having a excellent
and solid effect on Germany's business competitiveness and performance,
and the economy is performing far more strongly than any of its
European Neighbours. Property rental yields are very attractive versus
peer countries, making this an excellent time to invest in residential
and commercial property in this mature, stable Euro-zone economy.
Nowhere
is this more evident than in the German property sector, which has seen
an incredible influx of foreign investment in the past few years.
Previously, the long period of economic stagnation, especially in the
east, has kept house prices low. Some investors now see this as a huge
opportunity. Property prices in most former East German cities are up
to 50% lower than the rest of the country, meaning that they can often
offer the best deals. Just 40% of people own their own property in
Germany, but domestic demand, and therefore prices too, are set to rise
as the German government starts to liberalise the mortgage market.
Another leading fact. is Germany's modern transport infrastructure, and
its accessibility to many other European countries. Now with the many
low cost airlines flying to Germanys many airports, it is fast becoming
a very popular tourist destination.
It
is therefore, a popular believe that Germany currently offers an
unparalleled growth potential in developed Europe. It has a very mature
rental market, with many long term tenants. The Legal system is modern
and secure, and the economy is sound, and above all property prices are
on the up, whilst other countries prices are tumbling. Germany is also
able to offer some of Europe's most dramatic and beautiful Mountains,
country-side , lakes, coastal areas, and Nature reserves, making it
also very attractive to the holiday home investor.
Pattinson. have not inspected these properties and all information has been provided by the vendor and his agent. We recommend that all purchasers satisfy their own requirements and seek any legal advice they require prior to bidding at auction.
Further Information The former East German state that is now reunited with the former West Germany has a wealth of real estate that is progressively being recognised by the rest of Europe and the western world as being hugely undervalued. Your property is protected by a solid legal system. Due to this fact foreign investment is literally pouring into the reunified states of Germany, many investors are taking advantage of the excellent value for money of properties available. In addition there is a considerable up turn in the German economy and has not changed since the "credit crunch in 2007". As a place to invest Germany has several other advantages over many of the traditional second home and foreign investment destinations people are already familiar with. Unlike some of these countries Germany is in the EU and has been since the beginning. Germany is a member of the G7, and is Europs largest economy, with a population of 82 million. The German government has been pumping funds into the former East German part of the country ensuring that the infrastructure is as complete as the rest of Germany. This means that although there are some great value properties for sale the road and rail networks are all up to date, modern and efficient. Hence, resulting in a growing economy. Travelling around in Germany is easy. This combined with budget flights form operators such as Ryanair, Easy Jet and Air Berlin means it is cheap enough and straight forward enough to fly over and visit a second home more than ever before. Germany is a large country with a great deal to offer in the way of attractions, scenery and culture. It has mountains with ski resorts and splendid coast lines, and has to north of Berlin one Europs largest lake districts. Germany borders eleven neighbouring countries, so the diverse cultural influence is ever present. The key reson to still buy in Germany is that the property prices are still stable and has not gone down like in other countries.
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