Newsletter April 2011
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Where to look in Germany?The stall is well laid out for Germany to see a strong housing market in the short to medium term. Business and consumer confidence is now higher than it has ever been since re-unification in 1990, interest rates are at record lows and unemployment falling fast in many regions. Against this backdrop, German house prices have been fairly unremarkable, indeed boring, over the last 20 years showing no real appreciable gains in real terms against inflation. Affordability for housing is at record lows, as low as 15% of take home pay needed to service the housing costs, and access to finance for German residents and international investors alike is very good. The German market remains the most under-valued in the world, according to the OECD. This is all quite different to the picture that is other developed countries, who are nursing the direct losses of their nation’s wealth, that of their housing stock and banking sectors at least, after the credit binge and subsequent financial collapse. So, it makes you think Lets take a look a some German cities, and see where advantage lies for investors who have short, medium and long term views on the return of their money. As the re-unified country develops, it makes good sense to look to the more established markets in the former east of the country, and then turn attention to some markets within the former East. |
Welcome to this German property investment update. Thanks to all of you that took the time to meet us at the Property Investor show in London earlier this month. I hope this update is of interest to you all. As ever, if you require any more information on any of our articles or stock, please don’t hesitate to contact us – we are always happy to help. Kind regards, Mat & The ProVenture Team Typical Tenants We know that to make property a sucessful investment, you need people – and the most important people are your tenants. We have read a couple of interesting articles on the German market this month:
Guardian Money Guardian Money
PropertyWire.com
IFO Update |
Latest German Property Offers |
PV272 – 10 Units with great potential250,000€ | Leipzig Offered here in the Leipzig suburb of Wahren, we have an apartment house with 9 living apartments and 1 commercial unit on the ground floor. The district of Wahren is around 5km north east of the city centre and attracts middle-range tenants who favour the easy links to autobahn, and the numerous employment centres surrounding the nearby Leipzig-Halle airport. |
PV306-High Yielding MFH in Gohlis, Leipzig290,000€ | Leipzig Type: Residential This is an attractive property located just a few kms northwest of the city centre in Gohlis, one of the most attractive areas of Leipzig. Fully rented, with one commercial tenant, and 7 residential. Gohlis enjoys a high level of demand due to its shopping, general amenities and close proximity to the City Centre. |
PV298-Large, fully rented property in Lindenau510,000€ | Leipzig This fully rented property is a mixture of both commercial and residential units. Located in Lindenau, just a couple of kms west of the city centre, it is perfectly located with good transport links to the city centre and close proximity to the Clara Zetkin Park. It is also on a road that has been earmarked by the City to undergo a
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PV185 – 14 Apartments in Berlin 8.6% yield!!!750,000€ | Berlin Type: Residential Situated in the green and leafy suburb of Reinickendorf, here we have a package of 21 apartments and 8 garages. The units are located within a 4 building complex totalling 96 apartments, built in 1970. The micro-location is pleasant and favourable for tenancy with a school nearby, a range of shops and a number of recreational facilities.
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PV289 – Studio Apartment in Schleussig35,000€ | Leipzig Potential Yield: 7.2% Located superbly in the very popular district of Schleussig, here we have a beautiful 2nd floor studio apartment. The apartment is well-appointed and boats parquet flooring and an in built kitchen. There is a storage area provisioned in the cellar for the apartment. The property was originally built in 1900, and benefited from a full
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