Originally Posted by JMBroad

It will get worse before it gets better - lots of big German banks took a hit from the US subprime and more are yet to disclose the scope of their losses. At the moment the norm is 60% max LTV, min 50k however I can see that going down to 50% LTV 50k min before too long. You can still get 70% but the paperwork needed, the time and the hassle are more than most investors are willing to go through.

As for other cities in Germany - I'm not convinced personally. A friend runs the real estate side of an investment bank in Rostok and while they are still making sales and business is seemingly ok, it's not exactly a market for everyone.