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Germany Property Investment News
German economy flourishing
Cementing its status as Europe's largest economy, Germany will experience 2.4 per cent growth this year, with more to follow, according to the country's leading economic research institutes.
Experts had forecasted a 1.4 per cent rise in October 2006, but with decreasing unemployment levels and a burgeoning export market, the previous expectations of the semi-annual think-tank have been exceeded.
Gilles Moec of Bank of America confirmed that the report's prediction of a balanced budget by 2008 was justified.
"The optimism is very well founded. The German economy's resilience is really striking, we're witnessing a nice upward trend," he said.
With tourism revenue increasing after the success of the 2006 World Cup and job opportunities in Berlin and Munich sparking urban development, the strength of the economy has been underlined by this study, especially in light of Chancellor Angela Merkel's raising of sales tax to 19 per cent in January.
The study was carried out by five state-funded institutes; Berlin's DIW, Munich's Ifo, Essen's RWI, Halle's IWH and the Ifw Institute for World Economics in Kiel.
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What are these? |
Secured land investment
with 48% per annum ROI
12-18 month investment
period. Tax efficient
structure. Planning
permission for luxury
resort in place.
Cash payouts for up to 12 years
Agricultural land with
huge ROI. Contracted
return of 276% available
with rent and guaranteed
buy-back options.
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