Quote:
Originally Posted by KiwiJulia
Thank both of you for your replies!
We have been talking to an agent in the Frankfurt area, as it is close to where my family lives in Germany. He recommends buying a tiny and easily rentable flat for around EUR 100,000 with a 5% to 6% return around Frankfurt.
What do you think of that idea?
I personally like the idea of buying something bigger in Leipzig for that money (3 bedroom) or 2 small ones there. How difficult is financing in Leipzig compared to Frankfurt?
Even tho I am German, I really don't know who to listen to or who is trustworthy...
I would highly value any other replies to my questions!
Thank you and kind regards from New Zealand,
Julia  |
You will get more for your money in Leipzig and it is unmistakably a city with its worst years behind it. Dresden is in my opinion a better investment. Frankfurt is fine but a more mature market and expensive by comparison.
If you are to live near Frankfurt then maybe that it where you should be concentrating your efforst.
German lenders will offer approx 60% but each purchase and purchaser is based on merit.
Germany is my favourite holiday and residential spot and we have made our plans to retire there. A truly beatiful country with a wonderful standard of living and standard of life. Regards from an Anglo-American couple. Good luck on your new life.