"Financing projects from £1 million to £1 billion"

German cities 'ideal for property investment'

German cities 'ideal for property investment'

Property investors may find Germany a great choice.

German cities such as Bremerhaven, Leipzig and Chemnitz could be ideal property investment spots for professionals interested in buying houses overseas.

This is according to James Kirkman, property consultant at ProVenture Property, who said these areas are currently bringing the best return on investment, with yields between nine and 13 per cent.

In contrast, yields in Berlin are down to around six per cent, he continued, so if finance levels are at five per cent, returns are not necessarily that good anymore.

"If there is such thing as a property bubble in Germany, Berlin experienced it in the past couple of years," he remarked, which those considering development investment may want to bear in mind.

Meanwhile, Manchester seems to be appealing to investors at the moment. According to the Evening News, two city centre office developments totalling over £200 million are in the offing, Allied London possibly close to securing a £165 million deal to build a block in Spinningfields.

Posted by Brooke Humphreys ADNFCR-2844-ID-800672056-ADNFCR
Monday, 01 August 2011 00:00
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