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Germany Property Investment News
Germany moves into top five in property poll
According to a major property website, interest among visitors in Germany has taken off in recent weeks, bringing the country’s huge property market into its top five in terms of popularity. The data from TheMoveChannel.com indicates that the massive potential of this once-stagnant property market may be about to be realised.
While interest among potential investors seems to have increased, the German economy as a whole is enjoying a strong start to the year. According to Germany’s Federal Statistics Office, the economy’s growth during the first quarter of the year was its fastest for over a decade, and the signs are that this growth has continued through the second quarter.
TheMoveChannel.com uses data from its own site as well as its distribution partners to rank the number of enquiries from visitors, showing which countries are attracting the most interest from its pool of actively interested potential buyers and investors.
The German market has been overlooked by many investors since, despite having the third largest economy in the world, its poorly performing economy has limited the property market. With an extremely low rate of home ownership throughout the country, made possible by low rents, the market has been historically inactive. However, now a number of factors (rents are set to rise, German lenders are offering more flexible mortgages, and there have been significant investments from large institutions and banks) have helped boost the level of real estate investment in Germany.
Currently the country is thought to have a ‘unique balance’ which has helped to keep prices relatively stable, with both potential buyers and sellers holding off for prices to fall and stabilise respectively. With the latest news that Germany has made the top five in TheMoveChannel.com property poll, it appears that individual investors are now turning their attention to this long overlooked market.
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