Newsletter April 2010

Posted on January 25, 2014 by Gareth in Newsletters
















 
 

April 2010 Update
Welcome

I’d like to welcome you to the monthly update from ProVenture, especially if this is your first issue.  We hope you find this short newsletter of interest and that it keeps you up-to-date with the property investment scene in Germany.

 
Please click on the following titles to read the content or scroll down to read the whole newsletter

  
 

 
  
 
FX Update

 

 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
  

 
German Economic Outlook
 



Things are starting to look brighter in the economy. In the wake of the significant improvement in
economic expectations, the income expectations of German consumers
has recorded growth.The indicator currently
stands at 13.5 points, which represents an improvement of almost 25
points on the value for the corresponding period of the previous
year.Germans are beginning to spend and consume more, seen as essential for the economy otherwise dependant on and export-led recovery.

The rising economic optimism of Germans is the major
reason why they are also assessing their income prospects somewhat
more positively. In the current economic forecasts, experts are
increasingly coming to the conclusion that unemployment is likely to
develop more favorably than forecast a few months ago. This is having
a correspondingly positive impact on income growth.

 



Indeed, the German labor market is continuing to prove
amazingly robust this year.
German jobless numbers fell 32,000 in
March, against a prediciton of 10,000 rise. Additionally, the export
arm got a huge boost with orders for plant increasing by an
unprecedented 26% year-on-year.
This stability, in conjunction with
increasing signs of a recovery in the German economy, are currently
triggering a significant rise in economic optimism among Germans.



 
 Finance Update     
 
The Greek sovereign debt situation becomes increasingly problematic as the month has progressed.  As we stand, the markets see the Eurozone efforts to address the issues as less than effective and IMF help is probably what is needed.  Consequently, the Euro has suffered  losses against major currencies.  The dollar has strengthened from 1.50 cents to 1.33 cents to the Euro over the past few months.  Even Sterling has regained some ground on the Euro, now standing at around 1.14 GBP to Eur, which is approaching highs for 2010.
 
In terms of finance levels for investors in Germany, the Deutsche Bank are taking the opportunity to review their lending rates during April.  Currently the Deutsche Bank have lent to a maximum level of 80% to international clients, and the hope is that this policy will remain unchanged.  We will report any developments by Twitter and also by Newsletter.
 

  
 
Low Down On Leipzig
 
What is it about Leipzig that draws investors to the area?  What is the story about the city and price histories?  In March, Leipzig has been voted best large city in Europe for Foreign Direct Investment in 2010-11 by FDi Magazine, beating Glasgow and Valencia into second and third place.  Leipzig is tipped as one of the growth cities of the future.  Why not read more about the city, its history, the locations and predictions for the future:
 
 
 
 
 
 

 
ProVenture Activity   
 
We had 8 inspection trips in March to Berlin and Leipzig, making it the second busiest month on record.   Seven trips are already booked for April, so it seems Spring is bringing a good deal of interest and activity to the area. In terms of new property brought on this month, you will see a selection below.  We are working on 4 new properties to bring to the market very soon.
 
Keep up with our activity more regularly and also get sight of new property releases (or price reductions) first at our twitter feed:
 


 

 

Free Book!!

 
We have a limited number of copies from the first print run of our book “Your Life in Property” available for our newsletter subscribers and can will mail out to you for free, if you are quick. The e-version of the book is at:

 

Please let us know by email your name and postal address should you wish to claim a copy:

enquiry@proventureproperty.com

 

 

 
 
 
 
Latest Property Offers
 

 

Below are links to some of the new property brought to the market during February. More property in Leipzig, Halle and Berlin will be brought to the market during MArch so please monitor the website.

 

 
Happy investing and good luck,
 
Mat
 
 
 

 
 
Leipzig North
 
180,000 Euro
 
Fully Rented
 
 8 Apartments
 
 10.2% net yield
 
 
 
 
 
Leipzig South West
 
12 Units – all rented
 
400,000 Euro
 
10.5% net Yield
 
 
 
 
 


 

 
 
  
 
 
 
 
 

 
 
 
Leipzig West
 
Great Location
 
340,000 Euro
 
10 Apartments
 
Yield 10%
 
 
 
 
 
 
 
 
 

 

 

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