Residential real estate market in Germany continues to grow

Prices for residential real estate in Germany continue to grow, and many investors are still attracted by the country's reliable economy, according to an Internet source A Place in the Sun , with reference to the report of the financial publication Moneyweek. In 2010, prices for German real estate rose by 2.5%, in 2011 - by 5.5%, and housing in cities such as Berlin and Munich rose in price by 10%, especially apartments rose in price. But houses in these cities are sold at record prices. In Berlin, the supply of new housing increased by 0.9% in the period from 2005 to 2011. The popularity of the real estate market in Germany is due to the stable economic situation, as well as the opportunity to profit from rental housing. Most of Germany's residents prefer to rent a house, not to buy it, so there are good opportunities for renting real estate to both local residents and tourists. HomesOverseas.ru