Property Chief Calls for Investor Savviness in European Rental Markets
GARBSEN, Germany, July 2, 2013 /PRNewswire/ --
Savvy investors should be looking at the German property market for opportunities over other countries in Europe, according to the CEO of leading German construction and development business Dolphin Capital GmbH.
Charles Smethurst's comments come off the back of research by LBS showing that only 53 per cent of Germans own their own home, compared with approximately 70 per cent of Britons,[i] whilst data from Eurostat shows that in the whole of Europe, only Switzerland has more people renting their own homes.[ii]
When coupled with the high demand for rental properties, and an increasing population (with 30,000 people moving to cities such as Berlin every year, according to JP Morgan Cazenove), it's no wonder that businesses such as Dolphin, who specialise in developing listed buildings in German cities into apartments, are experiencing an rise in investor interest.
"Unlike most of Europe, Germany is seeing a property market boom owing to a number of contributing factors such as rising rents and construction rates and low unemployment," Charles commented.
"In Germany there is a different cultural mind-set to owning a home, which is reflected in the number of people who don't own their own home - when you combine this with better regulations for tenants and landlords, compared with some countries, renting is more attractive. Combine this with the demand for property, and any would-be investor should be giving very serious consideration to German property."
Notes to editors
About Dolphin Capital GmbH
Dolphin Capital GmbH is a property development business specializing in renovating listed buildings in Germany and developing them into apartments aimed at German buyers who avail of a unique tax break. Founded in 2008 by Charles Smethurst, a German national with over 30 years of experience of developing property in Germany, Dolphin Capital GmbH are now the largest developer of listed buildings in Germany. The company is head quartered in Germany, with offices in the UK, Ireland, Singapore, Japan and Malaysia.
For further information please visit http://www.dolphinig.co.uk/.
i. http://www.bloomberg.com/news/2013-06-09/london-s-forced-renters-fuel-apartment-investing-boom.html
ii. http://epp.eurostat.ec.europa.eu/statistics_explained/index.php/Housing_statistics
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