Prospects in German property market - finance is a big hurdle

With Germany emerging as one of the best longer term property investment prospects amid the credit crunch it has also become a major topic on the property forums this week.

PropertyWire.com - Thursday, 04 September 2008

One of the downsides in Germany is finance and mortgages can be difficult to obtain. General opinion seems to be that holding off to see if more products are going to become available to foreign investors is a waste of time.

If you are investing in a whole block them German mortgages are less restrictive and it is reported on the totallyproperty.com site that it is possible under certain circumstances to get 92% finance but this is the exception rather than the rule and 75% is more normal.

Deutsche Bank does offer a product for non-German investors but there appears to be tightening because of the credit crunch. Full Article