Quote:
Originally Posted by james
German property interests me as it seems (along with Japan) to be the only developed country not to have seen a massive increase in property prices.
With the new pro-market Christian Democrat led coalition, is there any chance of the tenancy laws being changed to encourage landlords?
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That's a very good question James. I got to say that I'm not sure.. What I do know is that a lot of the people I have spoken to out there believe that this will happen in the fairly near term. I think there will be pressure maybe from the big Banking institutions that are now heavily invested in Berlin. These corp's have a history of lobbying parliament and tryng to get their interests pushed through. I personally think this sort of libealisation would be good for the economy as long as it was not pushed through to quickly.. I see Berlin as a med-long term investment. I look at it as an investment where my interest is paid and a fair amount of tennants rent goes to pay off my capital also. I expect the capital uplift, but if it takes a few years, then thats fine. I feel that it is so undervalued that even if it moves 50% of the value, then I'll be more than happy ;-).. Its madness that you could buy something maybe a 10 minute commute from the centre of Berlin for €30k!R.