Germany Investment: Economy
Powered by Berlin, Dusseldorf and Munich (Germany's powerhouses), Germany is one of the world's greatest economic nations and within Europe, is the strongest of the 3 largest Eurozone economies. After a period of economic slowdown, Germany's economy has recently shown signs of recovering and analysts predict that Germany is about to experience an uplift in terms of its economy - excellent news for property investment in Germany.
Germany has introduced economic reforms with promising results - German companies are more competitive and foreign investment has shown renewed interest in the country. Tax reform has also been implemented, leading to improvements for investment prospects including those for Germany property investment. Unemployment is decreasing and GDP growth in 2006 to 2007 was 2.5%, both positive signs of economic recovery, which augur well for those investing in a Germany buy.
Germany Investment: Tourist Potential
Germany is showing signs of a maturing tourist industry with visitor figures growing annually. Tourism was strong in 2006 (on the back of the football World Cup) and this tendency was repeated in 2007. Foreigners are increasingly attracted to Germany's cities with Berlin, Dresden and Munich at the top of the list, but new destinations such as Bremerhaven, Paderborn and Rostock are emerging as must-see tourist spots. This increase in tourist interest in Germany will potentially increase the demand for holiday accommodation, making a buy-to-let purchase a promising option for Germany property investment.
Germany Investment: Property Market
The Germany property market is now showing signs of change after more than a decade of decline. Although Knight Franks rated Germany at the bottom of the overseas property market table in 2007, analysts generally believe that the Germany property market is about to change for the better. This means that the potential for returns on investment in a Germany home is high - a good indication of this is that rental yields for Berlin apartments have already increased from 4% to 6%.
