Germany is one of my investment arenas.

Stick to Berlin, dont be beguilled by £5,000 property in the sticks - a lot of empty property features here and ongoing costs / disputes are a feature of such property.

I have 3 ways that I have entered the market:

1) Buying cheap land in Berlin - pretty much hassle free but I dont expect capital growth to take - off for at least 3 years but when it does it should be robust (UK land investmnets produce a lot more capital growth in the last 15 years than say a flat bought for the same price in 1992).
Germans will tell you land isnt worth buying. Most Londoners thought the same after our crash just as 99.9% of Uk lenders in 1992 told me B2L mortgage would never come - they used to laugh at my enquiries!
This is the thing about a recession - when it comes only a tiny minority of people can see round bends.


2) Buying repossesed but nice condition flats for about £20000 that yield about 5% (forget 10% - this is not true)

3) Buying shares in UK funds that target German property. For my money the best of these are the 2 funds with DAWNAYDAY, the TREVERIA FUND and the Sirius Fund. Hassle free growth and income from a reputable AIM traded group.


Your other option is to buy a more central appartment for £60000 or so in areas such as Freiderickshaine or Prentz LauerBerg (which I cant spell).
Be careful as some apprtments are incredibly small - I was shocked by this.