Property sales in Germany increase

safe german investment

Home sales in Germany rose by 22% in 2011 compared to the preceding year, with sales revenue of £8.6bn (€10.4bn) according to the German Real Estate Association (IVD).

The German property market, supported by cheap property prices and high rental rates, is attracting a growing number of property investors seeking high rental returns and potential room for capital appreciation. There is a huge rental market because Germans, in general, tend to rent rather than buy a home. (more)