Overseas Buyers Consider Germany

Overseas property buyers have been encouraged to consider buying a residence in Germany.

According to NuBricks.com, the housing market has been relatively unaffected by the global credit crunch, as it has largely impacting on its manufacturing and export industries.

This was said to be partly because Germany is one of the most "credit-wary" countries in Europe, a trait which has cushioned it from the problems in the worldwide economy.

NuBricks.com added the nation could be particularly good for overseas property buyers because it offers a strong rental market.

Chintan Mahida, spokesperson for the website: "58 per cent of all its households rent.

"A lower demand for property buying and a solid rental base is what makes the German property market a safer bet over a speculative, emerging market."

She added that people who invest in the German market are likely to experience slow and steady growth.

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