Useful information, press releases and
links regarding German / Berlin Real Estate Property Investment Opportunities:
Germanys economy finally appears to be on the cusp of recovery. Confidence
among business leaders is at its highest point in 14 years, says the
Munich-based IFO institute, while the freehold apartments Economic Research
Institute says the German economy will grow by 1.8% this year. In addition, a
strong and competitive export industry and a government committed to economic
reforms suggests that this sleeping giant is due an awakening from its long
slumber. Property in Germany: an influx of foreign investment. Nowhere is this
more evident than in the German property sector, which has seen an influx of
foreign investment in the past year. The long period of economic stagnation,
especially in the east, has kept house prices low. Some investors now see this
as an opportunity. And property prices in former East German cities such as
Berlin for freehold apartments and Dresden are up to 30% lower than the rest of
the country, meaning that they can often offer the best deals. For example,
apartments in Berlin can be bought for a tenth of the price of similar
properties in London and are even cheaper than several eastern European
capitals, says Jane Slade in the Sunday Express. Low property prices and
historically low interest rates should enable [foreign] investors to enter the
market without feeling they are risking much, she adds. Just 40% of people own
their own property in Germany, but domestic demand, and therefore prices too,
are set to rise as the freehold apartment German government starts to
liberalise the mortgage market. Property in Germany: how to invest As you will
not typically find a for sale sign outside a house, freehold flat, leasehold
apartment, though, you will have to go to estate agents (Immobilienmakler), who
can provide you with a list of properties. However, you should do your research
carefully and look out for the nuances in property advertisements, whether in
local papers or from the estate agent. For example, freehold apartments and
leasehold flats in Berlin, meaning large rooms, is probably a sign that the
property is expensive to heat, while für Schnellentschlossene (for quick
decision-makers) more often than not points towards a property that has been on
the freehold property market for a very long time and so is probably
undesirable. And beware too of additional administrative and legal fees, which
can add 10%-12% to your purchase price. Property in Germany: where to find the
best deals So, where can you find the best deals on German property? As already
stated, east Germany can often provide the best buys, and the father of
well-known financier Berlin freehold apartments (see box below), who recently
toured the region, points out that Dresden and Leipzig in particular have a lot
to offer.
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