Why Invest in German Property?
Germany maintains its position as a safe haven for international capital. Sentiment remains positive for 2020 despite uncertainty internationally thanks to the robust labour market and increasing domestic consumption.
With four top-10 European cities for real estate investment being in Germany, investor confidence and demand remains high. In 2019, a total of EUR88 billion was invested in commercial and residential real estate across the country, an increase of 8% on 2018.Berlin, in particular, has drawn a lot of investor attention.
Operating as Germany's centre for government, technology and education, it has come second in PWC's best European City for Investment in 2020.
Germany is Europe's largest economy with a GDP of EUR4 trillion and a growth rate of 3.3% as of 2019. Berlin, however, tops this GDP growth rate at 5.3%, making it a particularly strong regional economy within the country.
It is estimated 83.5 million people will be living in Germany by the end of 2020, with more than half part of the working population. In Berlin, the current working population is over 2 million, with faster growth than London or Paris.
Germany has a record breaking unemployment rate of 3.1%, almost double the EU average. Berlin is not far behind at 7.8% and rapidly diminishing. It has already decreased more than a third of what it was in 2009.
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