Holiday Lettings news - 'Big' rental market identified in Germany

'Big' rental market identified in Germany

There is a "very big" rental market in Germany, it has been suggested, making it an ideal location for property market investment.

Simon Tweddle, chief analyst for Property Secrets, has detailed how the different outlook of Germans in comparison to Brits makes the rental market especially lucrative.

According to Mr Tweddle, it isn't only students that rent in Germany - everybody does.

In fact, 80 per cent of the population rents rather than owns a property - ostensibly due to the fact that renting is cheap when compared with the cost of home ownership.

"They've really not got a lot of confidence in their property market, so people tend to rent and they will rent for a very long time," Mr Tweddle confirmed.

"They will save up for five to ten years and then eventually buy a house in the suburbs. In the meantime, they'll rent and they'll stay in an apartment for many, many years."

As a result, British investors who can afford to buy a property in Germany stand to make healthy gains.

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