German property market stands it ground
As you may expect of a country renowned for its measured & precise approach, the property market in Germany has not undergone the wrenching & twisting that markets in other euro zone countries have seen.
What works in favour of the German property sector is that less than 50% of inhabitants own their own home, preferring to rent. In addition, the government caps all rent limits. The country never really experienced the highest highs during the boom & when the fall came, the German property market didn’t topple from the altitudes seen in other countries.
Any market adjustments & price slips so far experienced are about all many industry experts are expecting in Germany. The demand for rental income property remains rock steady, as it pretty much always has.
Any investor interested in properties for sale in Germany may also like to know that according to a recent price index by the Global Property Guide prices rose by nearly 1% in the last quarter alone.
Although the market is down on last year, it is a steady market & prices are now as reasonable as they’re likely to get.