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Expat Health Insurance News: German property 'is good investment'

Expatriates with international travel insurance may wish to follow the advice of one expert and invest in the German housing market.

James Kirkman, consultant at ProVenture Property and representative of German-property-for-sale.com, noted that real estate prices are much lower than in other European countries.

Instead, the nation has a "predominantly rented market", which accounts for around 90 per cent of all domiciles in Berlin, he said.

"That keeps purchase prices very low," the consultant continued.

Despite this, the economy is in a better position that it has ever been, with the global financial crisis having less effect on house prices than other nations.

"The property bubble never occurred" in Germany, Mr Kirkman declared, explaining that the lack of interest native inhabitants have in climbing the property ladder kept prices low.

It is therefore a "really good place for investors to look at", he asserted.

Dubai could be another option for expats looking to invest in property, as editor of BuyAssociation Paul Collins recently noted the city's strong rental market has allowed for great real estate deals.

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