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German buy-to-let 'a good choice'
20 Nov 2008
The buy-to-let property market in Germany is "particularly good" for investment at the moment, it has been claimed.
Real estate website BuyAssocation.co.uk maintained that property in German cities offers an attractive option for UK investors as a high proportion of people rent in the country.
Paul Collins, property editor for the website, said: "It's a great opportunity to buy, not only to buy property to let-out, but you can even buy property that has sitting tenants in it so you are almost instantly getting an income coming in there."
According to the Investment Property Database, the nation's all-property total return stood at 4.5 per cent last year, which is up from 1.3 per cent in 2006.
It added that capital growth in Germany rose to -0.2 per cent compared to -3.1 per cent in 2006.
The Association of Foreign Investors in Real Estate reported this year that Germany was the second most stable and secure country for real estate investment with 10.5 per cent of the vote.
