The stability of Germany's economy is helping to draw interest from people seeking overseas property for sale, after the country entered TheMoveChannel's list of the ten most popular destinations for property investment for the first time.
In the website's latest Top of the Props report, Germany moved from 14th place to tenth after it acquired 2.19 per cent of all enquiries last month.
Dan Johnson, director of TheMoveChannel, suggested that the steadily building appetite for property investment in Germany may be an effect of its consistent economy, which has relatively low consumer debt.
"The high yields and low prices have long made German real estate a recognised investment for property buyers, but it seems that the wider climate of uncertainty across Europe is pushing buyers to consider more stable markets, such as Germany," he explained.
In July this year, ProVenture Property said Germany's predominantly rented market makes purchasing a property in the country relatively cheap in comparison to countries where people are more likely to be owner-occupiers.
Related News
