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Worldwide Medical Insurance News: German property 'has rental potential'

Expatriates may be able to find good investment opportunities in German residential real estate.

According to Proventure Property partner Mat Littlecott from German-property-for-sale.com, renting these structures out typically results in a yield of between eight and 12 per cent.

Alongside this "reasonable" figure, tenant demand is strong and finance is easier to secure than it is in other counties, such as the US and UK, he added.

Fixed-rate mortgages in the nation generally have rates of around 3.5 per cent and funding is usually at a 60 to 80 per cent loan-to-value, the expert said.

International health insurance policies are useful across the world and the medical provisions in Germany are strong.

The US Central Intelligence Agency World Factbook notes just 0.1 per cent of Germans have HIV or Aids, with fewer than 1,000 individuals dying of this condition every year.

Furthermore, 12.9 per cent of the adult populace is obese and the average life expectancy is 80.19 years.

There are 3.531 physicians and 8.17 beds for every 1,000 people, which compares very favourably with international statistics.

All of the population has access to fresh drinking water and sanitation facilities.

Mr Littlecott explained his firm relocated abroad to Germany because of its positive rental yields, strong letting culture, small house prices and low capital values.

Investors can cover their mortgage and still have some cash left over from renting out accommodation, he stated.

However, although Berlin is the capital city, it "isn't economically strong", the specialist remarked.

Instead, the Rhine area and Bremerhaven are good locations for real estate investors, Mr Littlecott argued.

ProVenture Property will work "anywhere where there is good rental yields" and has focused on Germany for the last four years, he continued.

The company has based its head office in Leipzig and has also examined the Saxony city of Chemnitz, the expert added.

"We are investors ourselves and we help other investors," Mr Littlecott asserted.

Moving abroad? Get a free quote for your international medical insurance online.
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