The growth in the German property market has led to Colonia Real Estate AG publishing positive results, it has been announced.

A second quarter profit of €4.87 million (£3.3 million) was confirmed by the Cologne-based property firm.

This is indicative of the recent growth that has taken place in the German property market, as at the same time last year Colonia reported a loss of €143,000.

The main action that the company has been taking this year has involved the purchase of apartments in some of Germany's larger cities such as Berlin and Dresden.

Based on its confidence in the German property market Colonia is expected to make further investments this year in healthcare facilities, Bloomberg reports.

Prices for German property are currently very low in comparison to other countries, with prices in the capital of Berlin currently at around €1,000 to €3,000 per square metre, compared to London and Paris where they can reach €10,000.

Economic growth and rising employment, however, are expected to push demand and prices up in the near future.

Looking to but German property? Then keep up to date with all the latest news and information on homesgofast.com.

Are you looking to buy property in Germany ? Rostock , Greiz , New York , Suhl , Brandenburg

Are you looking to rent property in Germany ? Heringsdorf (seebad) , Sylt/westerland , Ahlbeck (seebad) , Bansin (seebad) , Berlin

Author

  1. avatar
    Carol McDonald