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Welcome and Merry Christmas!
I’d like to welcome you to the Christmas update from ProVenture, especially if this is your first issue. We hope you find this short newsletter of interest and that it keeps you up-to-date with the property investment scene in Germany.
Please scroll down to read the newsletter, if you have any questions regarding investment properties in Germany, please do not hesitate to get in touch.
enquiry@proventureproperty.com
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Financing an Investment in Germany
It has been surprising how, right the way through the credit crisis, German banks have remained
confident in their lending to the residential sector of the German market. Whilst finance possibilities,
particularly for foreign nationals, have dried up in many established markets or punative rates are
applied, the German banks have been consistent in their lending. One impact of the bank’s reduced
liquidity has been that the loan-to-value [LTV] which is offered has come off a little, but that is really it. Please click here to read the remainder of the article
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Berlin Joins the Cool Crowd
Move over Dublin, stand back Kraków. When it comes to having a reputation as a party city, the new kid on the block – or should that be bloc? – is Berlin. The city was a divided monument to the Cold War, but is now celebrating 20 years of reunification, using its grim past to show off its free and affluent future. Full article online.
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 Leipzig Now on Google Street View
Fancy checking out the city of Leipzig but are put off by the recent cold snap and -7 deg C temperatures? Well why not do it from the comfort of your own chair by using Google Street View. Just type in the address, drag the little yellow man over where you want to see, and Bob’s your uncle. Home-owners beware, opting out wasn’t ‘eggs-actly’ popular with the locals, please read on…
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Ifo Business Survey – November 2010
The Ifo Business Climate indicator for industry and trade in Germany has risen again in November and is now above the level of the 2006/2007 boom. Both the current business situation as well as the business outlook for the coming half year have been assessed more positively by the firms. The upswing in the German economy is gaining more and more strength. Full Summary
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A Note From A Tax Consultant:
Property Tax International (PTI) has been providing non-residents with property investments in Germany with the most affordable tax filing service on the market since 2005. We understand our clients requirements and ensure your investments profit potential is maximised by minimising your German tax liability.
Naturally, there is a mandatory tax requirement associated with the acquisition and ongoing rental of your German property which is where PTI’s expertise comes in. By combining the experience we have gained over our years in the business with the in-depth knowledge of our accountants working in the field, we can provide you with a hassle free and cost efficient German tax service that takes care to ensure your tax obligations are addressed in Germany and in the UK or home country.
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We are focused on helping you make successful investments in the German property market. Our team has offices in Germany and the UK. We will not only find you the very best German property for sale in Berlin, Leipzig, Dresden and Saxony- we will also assist with the purchase and make sure that your investment property is well managed throughout your term of ownership.
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