Insurance News Archive
German property owners enjoying boom period
The German property market may be worth considering for property owners and investors because of its strong performance over the course of the recession.
Matthew Littlecott, founder of ProVenture Property, believes that the property market in Germany has come through the recession without too much damage and that resilience could attract investors.
This is in stark contrast to the rest of Europe which has not done quite as well, suffering throughout the credit crisis and the problems with the eurozone. Mr Littlecott suggested that Germany stands a little apart from other countries in Europe.
Mr Littlecott said: "We've been in [Germany] throughout the credit crisis and prices are uplifted.
"Typically, guys would be buying single apartments in Berlin - sometimes apartment blocks - and a lot of them are now offloading properties to German or international buyers."
ProVenture Property recently claimed that falling unemployment, increased exports and a number of positive economic factors have ensured that Germany has remained the powerhouse of Europe in 2011.
Posted by Judith Stevenson
21 Dec 2011
