Your number 1 partner when buying property abroad
Germany is located in Central Europe, bordering the Baltic Sea and the North Sea, between the Netherlands and Poland and as Europe's largest economy and the third largest in the world, after USA and Japan, Germany is a significant member of the worlds´ economic power groups.
One of Europe’s fastest changing countries, Germany remains the world’s
top exporter and holds the number two position for imports.
Unlike almost every other industrialised country, Germany has had a stagnant
and falling residential property market for the last decade, and whilst
most western European countries are experiencing the end of their property
growth cycles, Germany and more significantly the capital of Berlin is
at the very beginning of theirs. Following the re-unification of Germany,
economic and political reconstruction has stabilised the economy and Germany
is embarking on a major growth period.
TOP 10 REASONS TO INVEST IN BERLIN
Germany is now attracting a wealth of investors from around the globe in search of low property prices and the lure of the dynamic and historical city of Berlin is resulting in record investment growth, with business confidence at its highest since the booming 80s and it is flourishing in its role as the nation’s capital.
There can be few cities in the world that can claim the remarkable history of Berlin and in the last century alone it has witnessed the German Empire, the Weimar Republic, the Third Reich, WW2, the Berlin Wall and reunification!
Germany does not have the high risk profile attributed to some of the newer EU members, as it has a secure legal infrastructure and is a mature market based on a leading European economy with one of the highest wealth ratios per capita, with rental income far higher than in other European countries.
Berlin is now a recognised global property investment hotspot, with large banking institutions buying huge amounts of both commercial and residential real estate situated all over Germany but especially in Berlin. With high levels of institutional and personal investment, over €25 billion was invested in German property by private equity funds in the last 24 months.With a surplus of long-term residents and a great choice of property for sale in Berlin, it is surprising that so few nationals actually own a property there. Only 14% of Berliners are home owners, this compares to 42% in Germany as a whole and 73% in the UK. With prices in Berlin 30% cheaper than that of a similar property in Munich, and little more than a tenth of the equivalent in London, a strong long term rental culture supports the foreign buy-to-let investor and provides one of the best and safest city investments within Europe.
A shortage of finance packages offered by banks to homeowners has slowed down the property ownership cycle, but now overseas banks are entering the mortgage sector and are offering new very attractive packages.
Berlin is the third biggest tourist city in Europe and tourism is a key factor, with 7 million hotel guests and over 16 million overnight stays in 2007 and with the Berlin government investing €75 billion in the city and its transport infrastructure, numbers will undoubtedly rise even further.
Overseas buyers are often purchasing a second home in Berlin for investment, rental income or weekends away, but many are now looking at relocating to this exciting city, attracted by the low prices and high standard of living in this cultural, vibrant and fast moving city.
The rising population and growing living space requirements are sparking an increase in demand for quality housing, which is likely to drive capital growth further.With multiple daily charter flights and budget airlines flying from most European airports, it is not only an inexpensive retreat, but with only one hour and thirty minutes flight time from the UK, and the cultural and historical attractions, first-class shopping and entertainment options, fantastic bars and restaurants, along with green parks and beautiful waterways, you will return again and again.
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