Time to buy German property?
 

Last years growth in the property market ranked by London based Knight Frank:

1 Latvia 66,60 %
2 Poland 33,00 %
3 Denmark 22,00 %
4 Norway 16,40 % %
5 Lituania 13,30 %
6 Bulgaria 13,00 %
7 South Africa 13,00 %
8 Ireland 12,00 %
9 Sweden 11,00 %

25 USA 4,20 %

33 Germany -3,20 %

As you can se me and Rockatansky made good money buying property up here but Latvia is the clear winner. The German market has been flat for 15-16 years but the German economy is growing with a boost from 2005 (tax reforms). The total market for Germany is still down, but some areas like Baden Württemberg has been growing slowly (from Knight Frank) and it looks good in other areas aswell.

Any germans in here that can confirm this? Could be cash to make!

Other countries ranked on the bottom:

29 Hungary 1,30 %
30 Portugal 0,60 %
31 Hongkong 0,40 %
32 Japan -1,60 %

Well, you are looking countrywide but also "property" is quite unspecific too.

I think London had a 14% growth in property value last year, but for UK it was much lower.

Hungary may have a 1.3% growth but guys buying correctly in Budapest are doubling their money in 2-10 years.

My house/apartement went from 161.000$ (when we bought it) to 242.000$ in 6 months! Crazy shit! But we did a lot of work on it! Will post pics later!

UK ended on 17th with 7,50 % .. danish houses in the north and polish in the east have rocketed so you are absolutely correct about buying in the smart areas..

still, doubling their money in 2-10 years is pretty weak if you look at the top of the list (for instance, the house I'm currently living in has tripled in the past 8 years and its not stopping and I live far from down town)

Well, germany is not all one thing. You got the booming south and the dying east. You also can´t compare germany with little 10 Million people countries.

I´d be carefull. US market is going down fast and I doubt germany will go anywhere soon with that bursted bubble sound in the air.

They are compared to any other larger or smaller countries.. and the fact is.. they are on the bottom with no growth over the past 15-16 years

Doubling your money in 2 years is bloody good if you ask me, if it takes 6/7/8 years then it is not great but still not bad. You also had problems with currency conversions a few years back here. They doubled value in euros/GBP/dollars, but in Hungarian forints they did much better the currency was just not worth as much any more!

Also you have to do what you are comfortable with. I would only invest in property if I knew the market in that region, but now you get people coming over to Bp for the weekend and not leaving until they buy a place, they don't even know the districts, the amenities, etc they just want to buy!

Crazy.. :upsidedow

yup, fair enough lol.. :)

London is insane as far as property goes.

I know what you're talkin about...:thumbsup

jensen i love you!

The hottest real estate market in the world is right here in Panama. Hit me up and I'll intro you to some people.

I actually know a few people who are buying property in Panama right now.. But why?

thing is there is no bubble in germany... a bursting bouble in the us would effect the worlds stock markets... it would do shit to prices in germany and other countries... take the netherlands or others for example (again depending on the region of the country)

Property in Baja Mexico is on FIRE. We have a friend that bought here near the beach. less than 1 city block. Can see the ocean from the second floor. Paid 130 for it, and just listed it the other day for 380k. thats in 2 years.