Germany Gains Buyers' Trust

Germany has entered the top ten most popular property destinations for the first time ever, as the country offers a reassuringly stable market for investors.

Germany jumped four places in the overseas property portal's rankings to take the tenth spot, joining the familiar faces of Spain, France, Portugal and the USA.

Germany accounted for 2.19 per cent of all enquiries received by TheMoveChannel.com in September, replacing the small island of Cape Verde, which dropped 12 places after its surprise entry into the top ten last month.

Unlike the short-term surge of interest in Cape Verde's smaller economy, the popularity of German property has been growing for some time.

An established member of the Eurozone, Germany has been consistently drawing more enquiries from investors for three months in a row, rising seven places in TheMoveChannel.com's chart since July.

Director, Dan Johnson, comments:

"The high yields and low prices have long made German real estate a recognised investment for property buyers, but it seems that the wider climate of uncertainty across Europe is pushing buyers to consider more stable markets, such as Germany.

"Consumer debt is relatively low and the inherently more cautious banks are somewhat less likely to get drawn into the debt crisis than their European counterparts and it's maybe this longer term security that is inspiring confidence in buyers."

Spain remained the most popular destination for buyers in September, seeing an increase of over 2 per cent in enquiries since August.

France is still a firm second favourite, also perceived as a safe place for investment, but Portugal claimed the bronze medal for the first time, attracting more attention than the USA with buyers looking for cheap prices as the market bottoms out.

 Berlin Capital Investments explained Germany's growing appeal:

"The property market has shown investors that there is a safe and secure option in Europe. Berlin property prices have grown 7 per cent in the last 12 months and this coupled with a strong demand for high class rental apartments make Berlin a very attractive investment opportunity."