East beats West in German property development
When the Berlin wall came down, infrastructure development in East Germany began to grow. In the last 20 years the country has been rocketed from dilapidation into the 21st Century.
The German property market has been viewed as a relatively stable one compared to the performance of the UK and Spain, mostly due to the fact that very few Germans own their own homes, thereby restricting any boom and bust tendencies.
When talking of properties for sale in Germany, as western Europeans tend to think of West Germany, & overlook what is now regarded as one of the world’s finest infrastructures in the East.
The relationship between East & West Germany is bitter-sweet, as the development of the East has been at the cost to tax payers in the West, & there are an increasing number of major construction projects awaiting investment.
The opportunity for investors here is two fold in that the knock on effect of earmarked investment for western projects will see market values and economic increases, whilst the east is currently overlooked as an investment opportunity.
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Published: 09-Nov-09