Germany is a great city to Real Estate Investors
Today Germany one important country that have gone out from the crisis and now is working like one of the world engines is a great point to Real Estate Investors.
A few days later, we received in Zentrica one important operation to manage, this operation was a complete Real Estate Community where all the Real Estate assets was for rent, with a high annual yield (i think was about a 7% of annual yield), in comparison with Spain may be a very good operation because in Spain for homes more than a 5% of annual yield is not very usually to find.
Germany is a good place to rent Real Estate assets because there is not a ownership feeling for Real Estate like in Spain, in Spain everybody want to have their own house. In Germany people have a different culture that do better and normal to rent a house and not to buy it.
Too, is the second country in Europe in number of population (near 82 Million people) and the 3rd economy in the world, having important industries like iron, steel, machinery and electronics. Berlin is the country’s capital, one of the more cosmopolitan cities in the world.
A country with a dynamic economy like Germany do that people go and came and this means that the Real Estate Assets may be return on investment without setbacks.
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