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Strong Economy Makes German Property Investment Attractive

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Germany's strong economy makes it an attractive place for people to find overseas property for sale, according to ProVenture Property.

James Kirkman, property consultant at the company, said Germany has a predominantly rented market, meaning purchase prices are relatively low compared with other European countries.

In cities like Berlin, the rental population tends to be between 85 to 90 per cent, so prices are particularly attractive to those seeking a property investment.

Homesoverseas is currently offering a number of properties in Berlin, from addresses in the prestigious Berlin Mitte region to the relaxed and fashionable Lichterfelde.

Additionally, Mr Kirkman said Germany has never really experienced a property bubble, and saw price growth because a lot of people saw the country as a good place to put capital equity after the global financial crisis.

"[The] German economy is stronger than ever, its GDP is higher than it's ever been since reunification, therefore [it has been] seen as a really good place for investors to look at," he added.

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