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Germany recommended to rental investors

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Germany recommended to rental investors

Property buyers in the UK might want to arrange an overseas money transfer to Germany after the country was flagged up as a good investment opportunity.

According to ProVenture Property, about 50 per cent of people living in the European nation live in rented accommodation.

This trend was said to be particularly common in places such as Hamburg, Frankfurt and Munich, despite the fact they are fairly affluent cities.

Indeed, ProVenture Property noted that whereas most tenants in the UK tend to be people who cannot afford a house, many rental property occupants in Germany are highly paid professionals, including doctors and lawyers.

As a result, overseas property buyers may be keen to transfer money to the country and take advantage of its "lively" rental market.

Matthew Littlecott, founder of ProVenture Property, also suggested that it could be a fairly secure investment, since many of the people who rent homes in Germany tend to live there for a long time.

"The typical tenant would be a bit more transitory in developed markets like the UK and USA, but in Germany, they tend to stay for around five to seven years in their apartments," he commented.

Mr Littlecott said this means it is "nice and stable in terms of rental yield", while investors do not have to be too hands on in terms of decorating and furnishing the property.

He added that occupants of German rental accommodation treat it as they would do if they owned the property themselves.

This, he said, makes it a "nice and clean" investment for second home buyers from other countries.

The recommendation coincides with new figures from Rightmove showing that interest in Germany among property buyers is growing.

Brandenburg, Sachsen-Anhalt and Oberbayern were all identified as particularly popular locations among those who searched for property on the internet in November 2011.

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