Innovative land & property investments
Germany Property Investment News
No pitfalls in Germany
According to industry experts, buying property in Germany is an uncomplicated, hassle-free process.
In good news for Brits looking to capitalise on Germanyâ™s booming tourism sector, Deborah Fox of property consultants Emerging Real Estate said that gaining some profitable rental returns was a secure proposition.
"The buying process in Germany is relatively straight-forward. There aren't really any pitfalls in the buying process, but there is a lot of paperwork and it is important to use the services of a local independent lawyer."
Ms Fox added that though buying German housing was largely stress-free, UK investors should remember the significance of local legal peculiaritie.
She said: "It is important to take into account stamp duty and other taxes that amount
to between six per cent to seven per cent of the purchase price."
Expatica magazine recently reported that the German market offers better investment opportunities than ever before.
With low interest rates, a steadily improving economy and rents at atypically low levels for a European capital (due to years of stagnant fiscal performance), property in Germany offers some great potential for gainful investment.
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