Shopping around in German property market
Plans are afoot for Germany to grow its already substantial economy with the expansion of its retail sector with the view of becoming the major retail centre of Europe.
This is according to a survey carried out by industry experts CB Richard Ellis. This survey has taken place over the past year and involves over 200 major European retailers who are positively targeting Germany.
Residential German property is set to fundamentally benefit from this targeted investment as the majority of Germany’s residents opt for rented rather than owned accommodation.
Investors looking at properties for sale in Germany are already aware of the country’s propensity towards rental rather than owner based occupancy & with this expanding retail sector will come jobs. Being a tenant rather than an owner will allow for much easier relocation for work prospects.
An expanding economy will eventually mean wage rises and the subsequent rental increases means an investment now makes good future sense.