robnranz replied to the topic German Properties in the forum Overseas Deals 12 years, 9 months ago
Hi Johnthe loan in Germany shouldn't be an issue. Can you provide regular income evidence, e.g. payslips and an account statement with enough clear funds to pay for the deposit in Germany? Your average deal of lets say purchase price of Euro 150,000 can be purchased with a deposit of approx AUD 60,000. The net income (after council rates,…[Read more]
robnranz replied to the topic German Properties in the forum Overseas Deals 12 years, 11 months ago
Hi Terrysmall world I have studied in Regensburg. Does your friend work for Siemens? Re capital gains according to some media sources the market is approx 25 % under valued providing they get through this current patchy situationHi David have you done some research previously? What are your findings about German realestate?Kind regardsRob
robnranz replied to the topic German Properties in the forum Overseas Deals 12 years, 11 months ago
Hi David,the higher LVR maybe due to my background and up to negotiations with the individual bank manager. Owning several properties in Australia I was surprised at how easy it was to get my finance approved with only Australian income at the present moment. I could see two ways of collaboration in form of a contractual joint venture (p…[Read more]
robnranz replied to the topic German Properties in the forum Overseas Deals 12 years, 11 months ago
Hi DavidGermany's population is dropping by 0.2% pa. Unfortunately this is the grim reality with an aging population. Re apartment buildings you can have a look at places like Wuppertal, which has had a decline in population due to mining and heavy industry ceasing their operations in that area. There is signs that these areas are changing their…[Read more]