SOLID Condo Investment in Munich Germany. High Solid Returns
- Bedrooms (#)
- Bachelor or studio
- Bathrooms (#)
- 1 bathroom
- Size (sqft)
The real estate market in the industrial heartland of Europe – Germany – is in full swing.. Germany is not only the economical engine of Europe but also the largest and most stable economy. For example, over the last 10 years the German real estate market appreciated approx. 100%, whereas the last year alone Germans enjoyed an increase of 12.5%. However, unlike in Canada, there is plenty of room to the upside in the German market as the affordability issue will probably not be an issue, at all for another 10 to 20 years.
The State of Bavaria, and in particular the city of Munich, has historically enjoyed the lowest unemployment rates of all industrial countries in Europe. Hundreds of international corporations, including BMW, Audi and SIEMENS, are both with their production plants as well as their headquarters in Munich. SIEMENS, for example, employs 370.000 people worldwide vs. General Electric in the US employees 106.000.
This offering is a huge investment opportunity to own one or more condos in the heart of Munich, Germany.
The project comprises 19 unique condo units in a building that has been completely modernized and renovated. Therefore, the building is in like-new condition.
Investors in particular will find this building an ideal investment opportunity: furnished apartments in central locations of Munich are in very high demand so that investors can expect annual rental incomes of approx. $24,000 and more. Combined with the current value appreciation of some 12.5% annually this is certainly worth getting into.
For more information please email to: [email protected] We are from Vancouver and speak english and german. German website: blumberg-immobilien.de (just click on google translate) Canadian website: www.berniebloomberg.ca