Rent rises turning investors to German property
September 07, 2015 - Germany
As demand for German property shifts with more renters looking to buy, international investors are also showing more interest in the market, says a top overseas agency.
With rents in Berlin rising 9% in and low purchase options of around €100,000, there is interest from worldwide buy-to-let investment, saysProperty Frontiers.
“We’re experiencing a real upturn in demand from investors for property in Germany and in particular in the capital."
"As the Berlin market shifts its focus, international investors are seeing a new and realistic exit strategy open up before them. Combined with the stability of Germany as an investment prospect, Berlin has quickly become one of the most exciting residential property investment destinations in Europe.”
Germany – and in particular Berlin – has been a nation of renters for decades. Just 18% of the city’s residents are owner-occupiers due to the housing subsidy legacy of the old East German government, according to agent, Buy Berlin.
Across the country, ownership remains low, with only around half of Germans owning a home. The only country with a lower home ownership rate in Europe is Switzerland.
A national shift in perspective means increasing numbers of renters are becoming buyers, giving the property market a new lease of life. Read the rest of the story @ App.today.
Trends, property investment, Investment property