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On the whole Germany shows great promise for investment, as featured in Channel Four's A Place in the Sun, who predicted a 100,000 GBP investment will give a return of 261% in the next 10 years. Germany was estimated to be the 12th best place to invest in Europe.
Frankfurt is one of Europe's major financial centres - and hence in great demand. Also, Berlin is undergoing a huge rennaisance, particularly the former Eastern Bloc part with its impressive buildings.
Old favourites like Munich, Cologne, Bremen, Hamburg and Heidelburg are great places to live. Lonely Planet Guide to Germany Top 40 German cities and their populations. 1 Berlin Berlin 3,275,000 2 Hamburg Hamburg 1,686,100 3 München Bavaria 1,185,400 4 Köln Northrhine-Westfalia 965,300 5 Frankfurt Hessen 648,000 6 Essen Northrhine-Westfalia 588,800 7 Dortmund Northrhine-Westfalia 587,600 8 Stuttgart Baden-Württemberg 581,100 9 Düsseldorf Northrhine-Westfalia 568,900 10 Bremen Bremen 527,900 11 Hannover Lower Saxony 516,300 12 Duisburg Northrhine-Westfalia 513,400 13 Nürnberg Bavaria 486,700 14 Leipzig Saxony 486,100 15 Dresden Saxony 473,300 16 Bochum Northrhine-Westfalia 388,100 17 Wuppertal Northrhine-Westfalia 365,400 18 Bielefeld Northrhine-Westfalia 320,900 19 Bonn Northrhine-Westfalia 307,500 20 Mannheim Baden-Württemberg 306,100 21 Karlsruhe Baden-Württemberg 279,600 22 Gelsenkirchen Northrhine-Westfalia 276,200 23 Wiesbaden Hessen 269,200 24 Münster Northrhine-Westfalia 265,900 25 Mönchengladbach Northrhine-Westfalia 264,400 26 Chemnitz Saxony 255,600 27 Augsburg Bavaria 253,800 28 Braunschweig Lower Saxony 243,700 29 Aachen Northrhine-Westfalia 241,300 30 Krefeld Northrhine-Westfalia 238,000 31 Halle Saxony-Anhalt 237,400 32 Kiel Schleswig-Holstein 229,900 33 Magdeburg Saxony-Anhalt 224,100 34 Oberhausen Northrhine-Westfalia 221,700 35 Lübeck Schleswig-Holstein 213,400 36 Freiburg Baden-Württemberg 206,300 37 Hagen Northrhine-Westfalia 201,700 38 Erfurt Thuringia 195,000 39 Kassel Hessen 193,500 40 Rostock Mecklenburg-Vorpommern 192,100 Ask a ProfessionalThere are investment prospects in Germany, but it is essential that you seek independent expert professional advice before undertaking any property purchase. There are lots of things to bear in mind, including local laws and regulations, taxes, surveyor's assessments of the building, financial currency exchange, dealing with interbank transfers, volatity of the housing market, etc. etc. In some countries there are various restrictions on foreigners owning land or property, so this needs to be checked out fully. Any property purchase is a major undertaking. It may seem obvious but it's well worth going on holiday to a country several times to see if you like it.
Surge in InterestThe interest in purchasing property abroad has increased at an amazing rate in the past five years, fuelled in the UK by a booming domestic housing market making overseas properties seem good value for money. Also, TV programmes like Channel 4's `A Place in the Sun' have made everyone realise that owning a property abroad is no longer just for the rich and famous. People are interested in purchasing a home overseas for a variety of reasons - enjoyment, investment, a new life, retirement, and more.All links and text on this site have been provided for informational purposes - they are not recommendations. |