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Interest in German Property Jumps Nearly 50 Percent - 23 March 2011

Germany, often overlooked by overseas investors searching for property deals in Europe, has recently become a hot spot of interest.

According to recent research, searches for Germany rose nearly 50 percent in February from the previous month. Many experts say that the country has proven itself stable in spite of the recession, with its positive job market and home prices rising 0.6 per cent year-on-year, making it attractive for British buyers who want to stay safely in the Eurozone.

The area that’s capturing the hearts of many British investors is Mecklenburg-Vorpommern, one of Germany’s leading tourism destinations. The Baltic Sea coastline is not as densely populated as other regions and is home to three national parks and two of Germany’s biggest islands. Aside from its quietness and natural beauty, holidaymakers also enjoy the storied architecture, art and culture and outdoor activities like sailing and windsurfing.

While Spain has also been on the radar of Britons and other overseas investors for some time, Spain’s recession-based deals don’t compare to the slightly cheaper home prices in Germany. Plus, as Spain’s economic troubles remain shaky, home values many not increase steadily for another two to five years, according to experts.

Another country that isn’t as greatly recognised as a holiday destination but is becoming more popular with investors is Ireland. Like in Spain, buyers are looking for bargains in Ireland due to its poor economy and are of taking advantage of the situation by bidding for properties 10 to 20 percent lower than their asking prices. In Ireland, home prices are currently at the lowest they’ve been since 2003.

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