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German market

Started by Badger, September 27, 2007, 08:44:08 AM

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Badger

Whenever I go away I always have a little sneaky peek at the windows of agents, just out of curiosity really to see what bounty other countries and towns have to offer.
Was walking around Bielfeld in Germany last weekend * fcuk me there ugly* and saw an agents window so peered through.
Now in Germany there properties take on the look of Swiss Austria Norway etc etc. in fact I think over the years they have all taken the best designs and build from each other and built with a collective knowledge to create look alike or same buildings. (This isn't the case everywhere you go mind)
But hey back on to my story.
Ok the first thing I noticed was the price of the properties around 159k euros for bigger than average houses, very nice, then the description.  Three families house it said, I took this to be a house for a family of three people, as there where a few properties for sale that said the same.  Then on further inspection I noticed it was in fact for three families, the house like many others was split so it could accommodate three families.
This led me to believe that the whole house was at least 9 beds 3 baths, kitchens, living, dinning rooms and so on all for 159000 euros.

Something else I noticed over the road from my hotel a similar house to one I just mentioned had raw granite stone oblong boundary walls that would have cost 10s of thousands in this country.

I dont like the germans very much but i have to say i do actualy like there life style and engineering

Badger


propertyfag

That's a bargain.

I wonder what the rental market is like over there.

propertyfag

Do the houses actually look big?
Or are they pokey little rooms?

Badger

Huge places mate, renting not sure.  Just made me think thats all !

propertyfag

Buying to let abroad can be so much hassle.
Are you man enough to do it ?

Badger

No problem buddy.
I have contacts in Germany so not a problem

You in son ! lol

simhar

I thought renting on the continent was a way of life - i.e. its the norm NOT the exception !

cheers

simhar

Web: Properite Landlord Software - http://www.properite.co.uk


vwilson

Yup, I think renting is far more common in Germany.

But I have heard that it can be tricky getting a mortgage there. Worth doing some homework, but you're right - Germany is prime investment territory. If I were to brave it, I'd be tempted to look at Munich; its already been through a growth period, but imagine you're going to get reliable rents there. And it has dead easy access from UK airports (all of them, not just LHR and LGW), only takes 2 hours. And you're an hour's drive from the Alps. Beautiful. Love Bavaria!


V

PS. Pics of some locations in Bavaria and also Frankfurt (which I wouldn't invest in, its dull): http://vwilson.zenfolio.com/f235708736/