Germany emerges as attractive overseas property destination

Germany is emerging as an increasingly attractive overseas property destination, according to BuyAssociation.co.uk.

The website's property editor, Paul Collins, said that for those with the required capital, it was "probably one of the best times" to invest in property in the country due to the sheer number of deals that can be found.

"You can find things that can be very advantageous and it doesn't just mean that you can negotiate on price," he said.

Mr Collins added that property investors can negotiate on a number of levels — from a house's position (if it's a new build development) to the type of furniture.

Germany came second behind the US in terms of the most secure country in which to invest in real estate, according to the Association of Foreign Investors in Real Estate (AFIRE). Germany forced the UK into joint third place with Australia.

The Investment Property Database revealed that Germany's all property total return stood at 4.5 per cent in 2007, up from 1.3 per cent in 2006.

Overseas Property News posted on 13/11/2008 00:14:14