Hartlepool, United Kingdom (PressExposure) April 08, 2009 -- For the wave of people currently looking once again at buy-to-let, because of dwindling returns from other investments, Germany is currently one of the best places to look for opportunities, according to overseas property portal Property Abroad.
Apartments are available at lower prices than they were a year ago, and there is also a greater availability of guaranteed rental yields on the market, according to portal director Les Calvert, he said:
"Berlin still has many of the strengths it had a year ago, and though the economy is falling into recession this year, its economy is in far better condition to weather the storm than many of its established-market neighboursâ.
"Many European economies have negative current account balances (as % of GDP), many more are expected to see their current account balances fall into the red this year. Germany's however is currently in the black, and expected to see out this year well in the black. Recovery is expected in Europe for 2010. Germany's healthy reserves and banking sector will allow the government to keep the economy afloat this year, meaning rental properties will remain in high demand."
Property Abroad are currently advertising hundreds of properties for sale in Germany, with prices starting from Â£19,000 for vacant 1 bedroom apartments in Berlin. The low prices are not a reflection on the quality; in fact the apartments are of exceptionally high quality -- stunning according to the images. Prices for tenanted apartments start from Â£21k with a yield of 6% net.