Portal Property Abroad.com revealed its top ten most popular locations among those searching for overseas property on the site in September. The chart proved what has been suspected about overseas property buying trends since the industry began to recover: that people are buying based on stability, security and rental income as oppose to a quick buck.
The biggest indicator of this was the fact that Germany entered the chart at no. 8. Now, German property has always had its fair share of fans; those who saw the benefit of buying in a country with a renters culture. However, people buying in Germany were under no illusions of soaring capital growth, or even massive rental yields.
But when you look around now at the devastation left by the international downturn; at property prices in established markets lying in tatters, and you see German property still selling at similar prices to what it was in 2007, you realise that the forecasts of stability and security were not mistaken.
That said, Germany wasn't in the top 10 most popular countries very often (before I get my head in my hands I know it was in the APITs top 10 and climbed quite high in 2007).
The fact that it has now entered the Property Abroad.com chart at no 8 confirms that today's investors are a risk averse bunch looking closely and methodically at rental figures.
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