Investors advised to consider Germany

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INVESTORS ADVISED TO CONSIDER GERMANY

Friday, 07 Mar 2008

Germany has been flagged up as a good option for overseas property buyers who wish to invest in Europe.

According to the Foreign Property Buyer website, the country's housing market is likely to experience growth during the next 12 months.

The online portal said the potential for capital appreciation in Germany in the near future meant that the market was "worth watching".

Foreign Property Buyer commented: "Although the property market has not yet seen a big upturn, it is expected to grow over the next year."

However, the website called on investors to choose their residence carefully if they wish to find somewhere that will earn them strong returns.

The comments came after the Royal Institute of Chartered Surveyors stated that the revival in Germany's housing market has not yet happened.

Figures from the organisation showed that the rate of house price inflation has dropped in many European countries, including Spain and France.

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