Top of the Props: Germany gains buyers’ trust
Germany is earning property buyers’ trust, this month’s Top of the Props report from TheMoveChannel.com suggests. Germany has entered the top ten most popular property destinations for the first time ever, as the country offers a reassuringly stable market for investors.
Germany jumped four places in the overseas property portal’s rankings to take the tenth spot, joining the familiar faces of Spain, France, Portugal and the USA. Germany accounted for 2.19 per cent of all enquiries received by TheMoveChannel.com in September, replacing the small island of Cape Verde, which dropped 12 places after its surprise entry into the top ten last month.
Unlike the short-term surge of interest in Cape Verde’s smaller economy, the popularity of German property has been growing for some time. An established member of the Eurozone, Germany has been consistently drawing more enquiries from investors for three months in a row, rising seven places in TheMoveChannel.com’s chart since July.
Director Dan Johnson comments: “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.
"Consumer debt is relatively low and the inherently more cautious banks are somewhat less likely to get drawn into the debt crisis than their European counterparts and it´s maybe this longer term security that is inspiring confidence in buyers.”
Berlin Capital Investments explained Germany’s growing appeal: “The property market has shown investors that there is a safe and secure option in Europe. Berlin property prices have grown 7 per cent in the last 12 months and this coupled with a strong demand for high class rental apartments make Berlin a very attractive investment opportunity.”
With interest in Europe’s traditional markets on the up, the newest member of TheMoveChannel.com´s top ten is a sign that trust is returning to some areas of the Eurozone.
The full breakdown of the top 40 is as follows:
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Notes to Editors
Founded in 1999, TheMoveChannel.com is the leading independent website for international property, with than 400,000 listings in over 100 countries around the world, marketed on behalf of agents, developers and private owners.
The website address is http://www.TheMoveChannel.com and the office address is 45 Lafone Street, Shad Thames, London, SE1 2LX.
Contact Dan Johnson on 0207 952 7650 for further information.