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Germany prime for investment

A static market and an abundance of rental properties have made Germany a viable option for British investors, according to property advisors.

With the profile of Berlin boosted by the success of the 2006 World Cup and opportunities for rental income improved by 'national inward migration' to the capital, Amberlamb spokesperson Rhiannon Williamson said that the market offered excellent growth potential.

Ms Williamson affirmed that the wide variety of property available in Berlin, Munich and Frankfurt and cultural differences to the UK allowed for great investment prospects.

"There is most certainly not the same culture of home ownership in Germany as there is in the UK or Ireland for example and because house prices remained pretty static in most of Germany for the past seven years or so, property stock is incredibly under valued and well priced."

She advised Brits to take advantage of increasing tourism, stating "if you're an investor buy the best located apartment you can find as close to central business districts and without question, in the immediate vicinity of a U-Bahn (underground trains) or S-Bahn (trams) station or stop".

With high taxation on the resale of property, any investment should be viewed as a long-term venture, as opposed to a chance for immediate financial gain.

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