'Fly-to-Let' Investors Set to Flock to German Capital Berlin
WITH its recovering economy, growing consumer and business confidence and strong rentals market, Germany is set to become one of 2007's property hotspots for overseas investors.
With the German heritage of opting to rent rather than purchase properties changing, and just 12 per cent of Berlin's residents currently owning their property, the time is now ripe for prospective buyers to invest in properties in Berlin.
To meet the demand from buyers looking to invest in Germany and to help them take their first step on the German property ladder, MRI Overseas Property is collaborating with developers who are currently offering guaranteed 10-year rental contracts for selected properties in its new portfolio of Berlin properties, launched by the overseas property specialist.
Most prospective buyers will look at properties with tenants already in residence. This is for added financial peace of mind about their overseas purchase.
Berlin's property market is well-suited towards UK 'fly-to-let' investors, who look for buy-to-let investments abroad to take advantage of overseas property markets. …