According to latest Buy Munich Property (and Die Welt newspaper), there is interesting growth in some German areas... This, whilst US, UK, Ireland, Spain are suffering real estate troubles. If you're looking for a safe haven with a seemingly stable currency, Germany looks a very safe pair of hands, which also offers some growth opportunity.
Quote:
Staying with the premium end of the market in Munich,
real estate prices are still rising. According to a recent
report in the German newspaper Die Welt, a 100m2
apartment in the sought-after Maximilianstraße in the
centre of Munich would have cost €1.2Million at the
beginning of this year, but, in the meantime has gone up
16% in value and such a flat now costs €1.4Million. Also,
going down the scale slightly, prices for detached houses
in Munich have increased by 8% so far this year.
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