The Open Press - Press Release News Wire
  Tuesday, March 19th 2024 - 4:56am EDT
PRESS RELEASE NEWS WIRE         
     FRONT PAGE     |     ARCHIVES     |     ABOUT US     |     FAQS      
Welcome Guest User  ( LOG IN )      SUBMIT A RELEASE   ADD A FIRM   
Sorting Options

By Country

By Metro Area

By Industry

Member Options


Register

Login

Recover Password

Email Alert
Site Navigation

Home

Services & Fees

Press Release Guidelines

Submit a Press Release

Company Directory

Contact Us

RSS Feeds

Help

|Press Releases|Pro PRs|Book Reviews|Articles (OP-ED)|News|Exposé|PR Firms|


Credit Crunch Could Boost German Property Market


Submitted by: Property Abroad LTD


2008-11-26 00:06:21

(OPENPRESS) November 26, 2008 -- According to a survey by travel portal kayak.co.uk 60 percent of Britons have no intention of canceling their winter holiday plans because of the economic downturn. Meanwhile, Grahame McKenzie of tourism website Travel Mole, has predicted that the global downturn will cause Britons to holiday in locations within Europe, such as Spain and Italy, naming France, Italy and Germany, he added:

"Potentially there may be an upsurge in ferry bookings, so people will be able to shove all their stuff in a car and just jump in with their kids and everything."

Liam Bailey, chief market analyst for overseas property portal Property Abroad gave us his views on the reports:

"Firstly, it is possible that the findings from the Travel Mole survey go against Grahame McKenzie's predictions -- for this winter anyway -- of course depending on whether or not some of the 60 percent have made their winter holiday plans to go further afield than Europe, which I believe is a fairly safe bet. McKenzie's statements give no indication of whether he meant this winter only or winters for however long the 'credit crunch' lasts." While it is highly likely that some people will decide to holiday in Europe, most Britons already do holiday in Europe, so I can't see there being a 'massive upsurge', but even a slight upsurge could generate a boost in European property markets."

"McKenzie being right would make the biggest difference to Germany, because German property traditionally has very low rental yields, because of government restrictions, and because of the fact that very few Germans own their own homes meaning that most rentals are residential. This would -- possibly very quickly -- give Germans the ability to raise their rental rates on short-term leases only, because the government would see the positive effect this could have on the economy combined with the increase in tourism."

Property Abroad has over 300 properties in Germany, with prices starting at just over £29k on a tenanted 1 bedroom Berlin apartment. Untenanted German apartments are always priced slightly higher; for example a 1 bedroom untenanted apartment in Berlin -- though in a different area -- is priced at £46,405.

About Property Abroad
Property Abroad is rapidly growing into one of the best known, trusted and most successful overseas property portals in the U.K. With a slick dynamic site and very reasonable rates Property Abroad currently has among the most extensive worldwide property listings on the net.

To find out more contact the team at: les@property-abroad.com

Property Abroad LTD
182 York Road
Hartlepool
TS26 9EA
www.property-abroad.com




Contact Info

Property Abroad LTD
Phone: 0845 2000 467
Website: http://www.property-abroad.com
182 York Road
Hartlepool
TS26 9EA



Release Info

Metro Area: ALL REGIONS (Including International) Read More from this Metro Area
Country: United Kingdom Read more from this Country
Industry: Read more from this Industry
Press Keywords: property abroad, germany, properties in germany, german property market, credit crunch in germany, german property
Press Company: Property Abroad LTD
Press Site: http://www.property-abroad.com


 


Copyright © 2024
The Open Press - Professional Press Release News Wire.
All rights reserved.


   Home|About Us|Archives|Faqs|Services & Fees|Guidelines|Submit Release|Register|Privacy Policy|Contact Us|RSS Feeds|Email Alert