Time to buy German property?

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  • Jensen
    Confirmed User
    • Apr 2001
    • 3790
    #1

    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 %
    Tags: None
    • Sexsitesurfer
      Confirmed User
      • Aug 2005
      • 3157
      #2
      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.
      Paul
      DDF Productions
      Marketing manager
      Skype: Marketing.DDF
      ICQ: 316302313
      Cell: +36 30 732 6076
      [email protected]

        Comment

        • Violetta
          Affiliate
          • Jul 2004
          • 28735
          #3
          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!
          M&A Queen

            Comment

            • Jensen
              Confirmed User
              • Apr 2001
              • 3790
              #4
              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)

                Comment

                • JOP
                  Confirmed User
                  • Apr 2001
                  • 931
                  #5
                  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.
                  JOP

                    Comment

                    • Jensen
                      Confirmed User
                      • Apr 2001
                      • 3790
                      #6
                      Originally posted by JOP
                      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.
                      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

                        Comment

                        • Sexsitesurfer
                          Confirmed User
                          • Aug 2005
                          • 3157
                          #7
                          Originally posted by Jensen
                          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)

                          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..
                          Paul
                          DDF Productions
                          Marketing manager
                          Skype: Marketing.DDF
                          ICQ: 316302313
                          Cell: +36 30 732 6076
                          [email protected]

                            Comment

                            • Jensen
                              Confirmed User
                              • Apr 2001
                              • 3790
                              #8
                              Originally posted by Sexsitesurfer
                              Doubling your money in 2 years is bloody good if you ask me, Crazy..
                              yup, fair enough lol..

                                Comment

                                • Sarah_Jayne
                                  Now with more Jayne
                                  • Dec 2002
                                  • 40077
                                  #9
                                  Originally posted by Sexsitesurfer
                                  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.
                                  London is insane as far as property goes.

                                    Comment

                                    • TBrown
                                      Confirmed User
                                      • Oct 2006
                                      • 1519
                                      #10
                                      Originally posted by Sexsitesurfer

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



                                      mcbrown

                                        Comment

                                        • Sosa
                                          In Tushy Land
                                          • Oct 2002
                                          • 40149
                                          #11
                                          jensen i love you!

                                            Comment

                                            • Z
                                              Vidi Vici Veni
                                              • Nov 2002
                                              • 6308
                                              #12
                                              The hottest real estate market in the world is right here in Panama. Hit me up and I'll intro you to some people.

                                                Comment

                                                • Fap
                                                  Just Du It
                                                  • Feb 2004
                                                  • 12094
                                                  #13
                                                  Originally posted by Z
                                                  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?

                                                    Comment

                                                    • Trax
                                                      [----------------------]
                                                      • Aug 2001
                                                      • 14486
                                                      #14
                                                      Originally posted by JOP
                                                      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.
                                                      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)

                                                        Comment

                                                        • pornguy
                                                          Too lazy to set a custom title
                                                          • Mar 2003
                                                          • 62910
                                                          #15
                                                          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.
                                                          PornGuy skype me pornguy_epic

                                                          AmateurDough The Hottes Shemales online!
                                                          TChicks.com | Angeles Cid | Mariana Cordoba | MAILERS WELCOME!

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