Thread: German Property
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  #14  
Old 15-07-2007, 11:33 PM
Rambo Rambo is offline
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Join Date: Jul 2007
Posts: 9
Default German property

Hi everyone here,

As a acquisition manager with years experience in Germany but on properties of 5 Mio. upwards only, I would like to see how private investors are getting along with the market.

I know what I am saying might not be to the liking of some guys here, but my opinion is that you cannot compare Berlin (P.S. I dont think that besides Aglos and Ammos anyone goes wild about Berlin, there are many problems there which is why many local investors simply avoid it after burning fingers in the past.....) to London and Dublin.

The big Funds (Fortress etc.) are fed up and want to pull out (read FT about it) of the residential in Germany, Goldman Sachs screams aloud : THE GAME IS OVER.....

If a private investor with - say - 250 K wants to invest, I would say just look for a syndicate of Pros or look somewhere else. You dont know the lingo, you dont know the culture, the red tape and you will be a good target to be screwed up by some crooks (the market in Germany is full of scoundrels looking for a quick buck and charging you up to 6% for it...)

Wishing everyone here success....
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