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German market to strengthen
Country: Germany
16 October 2008
Germany’s property market looks set to strengthen on the back of falling unemployment figures, according to a fresh report.
The German Institute for the Study of Labour (IZA), and the German press, report that unemployment figures in Germany are expected to drop below three million for the first time since 1992, primarily due to the labour reforms over the past years finally bearing fruit. This trend is having a positive impact on the German economy as a whole.
The IZA report claims: “With less unemployment there will be less welfare payments, a higher tax take and thus higher revenue available for government expenditure.
This combined with the relaxation of the immigration policies means bluntly that there is a required demand for both residential space and commercial space, currently not being met by new constructions.”
“With the large majority of Germany property being cheaper to buy rather than build, and a staunch limit of city centre availability due to high population densities and a lack of available space, there will be a higher demand for well located properties whether residential, retail or commercial.”
Browse other German property news stories, read articles about investing and buying property in Germany or view our range of property in Germany.
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Type: Apartment
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Single unit in Lindenau with a yield of over 10%
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Price: £16,902
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Type: Apartment
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Single unit is Stoetteritz. 2 Rooms. Current net rent 2820 Eur.
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Price: £16,902
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Type: Apartment
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Lovely single unit is Gohlis-sud. With 2 rooms and a net rent of 2,079 Eur- this property yields at over 14%.
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Price: £18,271
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Type: Apartment
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Single unit in popular Plagwitz - with a market value of 32.000 Eur - this unit is worth investigation.
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Price: £19,317
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Type: Apartment
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Single unit in popular Plagwitz with 2 rooms and a market price of 30k Euro - making this an interesting opportunity.
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Price: £20,122
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Type: Apartment
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Single family house in Lindenau, Leipzig with 2 rooms and a fitted kitchen. A net rent of 2400 eur.
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Price: £20,122
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Type: Apartment
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The apartment is approximately 40 sqm and on the courtyard side and have the benefit of balcony and its own parking space.
The block was built circa 1900 and underwent a full renovation between 1998-2001.
This investment opportunity is for a single
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Price: £20,122
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Type: Apartment
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Single unit in Kleinzschocher, Leipzig. 2 rooms. With monumental protection.
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Price: £23,342
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Type: Apartment
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For a superb price of 645 EUR per square metre, and with an annual rent of almost 3.000 EUR delivering a yield of over 10%, this is a superb prospect in a city with a very bright future.
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Price: £28,171
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Type: Apartment
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This apartment is in the heart of the district of Lehe, close to the city centre. The apartment is situated in a four-story apartment building contains 10 apartments, with converted basement and attic.
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Price: £195,200 Bedrooms: 3 Baths: 3 - 2 ensuite 200sqm open plan living. Polished stone floors. Private balcony, terrace & garage. Sea & garden views. Communal pool.
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