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Germany becomes cheap place to buy property

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Germany becomes cheap place to buy property

There has been a gear up towards people buying property overseas in European spots due to favourable foreign exchange rates as it is becoming cheaper to buy property in Germany as stated from an expert in the tourist market.
Klaus Lohmann, director for UK and Ireland at the German National Tourist Office, says the capital of Berlin is significantly more affordable than counterparts such as Paris and London.

"Berlin is the place to be and definitely one of the hippest places in Europe. The atmosphere there is just buzzing with energy," he states.

However, there are other destinations in the country that offer plenty, such as Munich, home of Oktoberfest, as well as the "up and coming" Hamburg.

Any such city may offer those looking to buy a second home a cheaper alternative to some of the more established destinations where their foreign exchange goes further.

Berlin's affordability was perhaps highlighted recently when trivago revealed the average price of a hotel room in the German capital is £73, compared to £107 in Paris.

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