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Property for sale information
Frankfurt, Germany €89,000 one-bed apartment fully let with 7.8% net yield.
Frankfurt, Germany €89,000 one-bedroom fully-let apartment close to the ECB in heart of this major financial centre. The current net yield is 7.8% per annum (€6,960). Third floor of this fully let period building, this apartment is very close to the city centre and five minutes from the underground, making this fantastic hands off investment very liquid for any investor.
The Frankfurt metropolitan area has a population of 5m; the second largest in Germany. Frankfurt is one of the wealthiest cities in Europe, and is considered the most affluent, with the highest earnings per head of any city. It is the financial centre of not only Germany, but also Europe: the location of European Central Bank headquarters and 300 other banks, it also has more lawyers per head than any other city in Europe. There is, therefore, a very strong rental market from young professionals and students. Buying in Frankfurt is like buying in London ten years ago, the city has the same characteristics and offers excellent value.
The west of Germany is a mature affluent market, which allows investors the ability to sell their property on to the local population. Germany is the third largest economy in the world and the main driver of the Eurozone economy. Property here is at the bottom of the property cycle and offers the best opportunity to secure very good value - effectively at mid-nineties prices.