Some of you will know I buy property abroad and that one location I invested in was Germany as I beleive the market will boom in the next 10 years and it is a nice safe place to invest.
I have also now purchased shares in a UK company that is buying 2.3 bn worth of German shopping centres and retail property. They listed on AIM in Dec 2005 and despite having onloy just begun purchasing property they have alreay paid a halve year dividend and the value of thier aquisitions has already increased by over 60 million.
A big advantage for me is the EXIT ROUTE AND LACK OF HASSLE.
As an example I was considering a purchase in Warsaw Poland but the Tax complexity when it comes to selling plus other factors make the profit exit unappealing.
Yes I know Im buying in Saidia Morocco but the exit route is superb and many British agents are available for re - sales and letting.
The share price is low given they aim to repay debt in 5 years and own a substantial retail property portfolio. Also think the German boom is about to begin