Germany is earning property buyers’ trust after making its debut on a list of the top 10 most popular property destinations, according to this month’s Top of the Props report from TheMoveChannel.com.
The report said Germany has climbed four places in the overseas property portal’s rankings to take 10th spot, joining Spain, Portugal, France and the US. The country accounted for 2.19 percent of all enquiries received by TheMoveChannel.com in September, replacing Cape Verde, which fell 12 places after its surprise entry into the top 10 last month.
Unlike the short-term increase of interest in Cape Verde’s smaller economy, the popularity of Germany’s property market has been growing for some time. For three months in a row, it consistently attracted more enquiries from investors, rising seven places in TheMoveChannel.com’s chart since July.
“The high yields and low prices have long made German real estate a recognised investment for property buyers, but it seems that the wider climate of uncertainty across Europe is pushing buyers to consider more stable markets, such as Germany,” said Dan Johnson, Director of TheMoveChannel.com.
“Consumer debt is relatively low and the inherently more cautious banks are somewhat less likely to get drawn into the debt crisis than their European counterparts and it’s maybe this longer term security that is inspiring confidence in buyers.”
Meanwhile, Spain remained the most popular destination for buyers in September, seeing an increase of more than two percent in enquiries since August. It was followed by France, which is also perceived as a safe place for investment, and Portugal, which took the third spot for the first time, attracted more attention than the US, with buyers looking for low prices as the market bottoms out.
Thailand edged up one spot to 16th place. The country was responsible for 1.59 percent of all enquiries on the website, while Indonesia ranked 30th at 0.42 percent, down four spots from August.
Established in 1999, TheMoveChannel.com is an independent website for international property, with over 400,000 listings in more than 100 countries around the world, marketed on behalf of agents, developers and private owners.
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