German real estate boom
German real estate boom Unlike many other regions of Europe German property prices have steadily grown during the last five years and investors are starting to take notice. The results of a recent survey undertaken by CBRE property consultants showed that German property was viewed as the most attractive real estate market throughout Europe with many international investors taking the time to consider investing in residential properties for sale in Germany rather than the Spanish property market or moving away from the French property market.
Newly release figures show that apartment prices throughout the country have surged by 23 per cent during the last five year and rental costs have grown by 15 per cent during the same time period. Just over half (53 per cent) of Germans are owner occupiers – this compares to 72 per cent in Italy and around 70 per cent in Britain – so the demand for rented accommodation is generally high. Home construction levels are strong as the country prepares to meet demand from real estate investors both home and abroad.