Britons looking to find a mortgage abroad as an investment may wish to look at the German property market, one expert has claimed.
The top locations for UK residents looking for buy-to-let properties in the country are Berlin and Frankfurt, said Paul Collins, the overseas property editor of BuyAssociation.
Mr Collins said that although the countryside may offer cheaper properties for those looking for buy-to-let mortgages, cities offer a better location.
"The rule of location, location, location pretty much goes all the way across Europe," he remarked.
"Even if you are paying a little bit more for it [in cities] you are going to find it that much easier to rent."
The country has a high number of people looking to rent, representing around 80 per cent of the population, meaning high tenant demand for buy-to-let investors, he added.
Additionally, those unable to afford a mortgage in the major cities could look to smaller cities, such as Leipzig, where the economy is "catching up" with that of larger locations, claimed Mr Collins.
According to a recent report in Easier, many Germans cannot afford to find a mortgage, with deposits of around 40 per cent a prohibitive factor.
German buy-to-let market a good option, expert claims
Fri, 22 Dec 2006
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