The Germans are selling up?

[Anonymous]

Over the last few weeks I have noticed a lot more German owned property coming on to the market.

Of course, this may just be coincidence, but I am wondering if this is the start of a new exodus. If so, why? The German economy? German tax laws?

[Anonymous]

German unemployment jumped to 8.3 percent in January, the third straight rise and biggest increase in nearly four years.

Unemployment currently standing around 3.267 million with another 30,000 predicted.

The fallout from the global slowdown is hitting Germany badly despite being Europe’s biggest economy. The average Joe (or Hans) is feeling it and supporting a Spanish mortgage will become more difficult.

[katy]

The Germans have been selling for a few years….when they can 🙂

[Anonymous]

Hi Charlie, I guess that would explain it.

Katy, sure but this seems different. Of course my observations are statistically insignificant, the sample size is extremely small (just me & the missus looking to buy a home), but it does look like a significant change to me.

[katy]

We live in an area which has at least as many Germans as British so I would probably not notice as much as in another area. Our German friend has been trying to sell for over a year (second home). They are selling because they have become tired of the place (had it for twenty years).

I am sure though that Germany will be affected by the economy too. Of the last three houses sold around here (that I know of) two have been bought by Germans and the other a young Spanish couple (they inherited some money.

[Author]

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