Germany - Getting the gest of Germany

Article Date: 2007-10-25

Germany is a powerful country with a population around 82.4 million. The country was divided in two after World War II but was reunified in 1990. It was one of the founding members of the EU and is steeped in tradition, history and economic wealth. It is officially the world's largest exporter of goods with exports totalling $1.133 trillion from the beginning of 2006, and the world's second largest importer. Germany is commonly referred to as a gold mine. Its economy boasts natural resources of iron, hard coal, potash, lignite and natural gas, as well as agricultural and industrial products. It has one of the world's highest levels of educational, technological development and economic productivity. This makes it a very low risk country to invest in. The west side of Germany enjoys a higher standard of living than the east, which struggles with unemployment in various parts. This needs to be considered when looking at which side of Germany to invest in. In addition, the temperatures vary from east to west. In the west, winters are mild and summers tend to be relatively cool. In the east, the climate is more continental with very cold winters and very warm, dry summers.

Germany boasts various flights to and from a wide range of destinations which makes it easily accesible. It is also accessible by road and rail.

After 10 years of static prices Germany is becoming one of the hottest property markets in Europe. Although it will take time for it to develop it is attracting overseas investors as growth is starting to occur in cities such as Berlin; now that the unemployment rate is starting to drop and interest in home ownership is starting to increase.

Only 40% of Germans own their own homes, as compared to around 80% of Brits. This figure is expected to rise when the interest rates drop and the economy starts to recover again, possibly within the next 5-7 years. Prices in Berlin are at €1,000 - €3,000 per square meter in many excellent areas compared to prices of €10,000+ per square meter in Paris, London and other major capital cities.

It is therefore obvious that the German property market is the world's most undervalued property market which offers exceptional benefits to the shrewd investor. For example, the excellent capital growth potential offers security and strength of the rental market for investors. What more could an investor ask for?

Written by Janine B © Asset-Property.com

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