German Property Market Gains

Photo courtesy of SBA73

What seemed unthinkable only twelve or so months ago seems to be happening in 2008: German property is finally on the up.

In fact, recent research examining 161 property investors’ attitudes has shown Germany moving ahead of the UK and France in terms of popularity. The study commissioned by Union Investment on ‘Property Investment in Europe 2007’ shows that Germany has moved up to 71.3 points, pulling the country ahead of the UK (65.4 points) and France (69.3) in the Property Climate Index for the first time the index was launched.

Overall, those questioned stated that they now view the German market as attractive, with 71% claiming that the country is now an important investment destination. 44% of those already investing there claim that they intend to invest more in Germany in 2008, underlining a broad view of the German market as resilient and able to bounce back from what has been a touch time for its economy for a number of years.

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