Germany Mortgages

P

paddy007

Guest
Hi

I was on a few weeks ago looking for guidance on the German property market and went over had a look around, I found some properties I like
in Frankfurt and I am thinking of buying, my next step is arranging finance;

Does anybody know if there are any reputable mortgage brokers I could use?

Thks

P
 
Not sure about brokers in Germany. But can i ask why Frankfurt rarther than Berlin which (i understand it is more economical) i am looking at at the moment (am heading out there on Friday week)
I'll be getting finance through a re-mortgage.
 
Berlins property market has been in the doldrums for the last decade - still is.
Dropped 3% in the last 12 months again.
 
Fewer Paddys active in Frankfurt I would say......

How many investment bankers work in Berlin again?
 
qwertyuiop said:
Berlins property market has been in the doldrums for the last decade - still is.
Dropped 3% in the last 12 months again.
Click to expand...

National figures aren't all that relevant in a market like Germany. West Germany was always a federal state with no obvious capital (unlike say Britian or France). So there were always regional differences in economic performance among cities of similar size. Typically there was the "north-south slope" with the south being generally richer with higher wages and property prices than the north. Add East Germany to the mix and and you can see that there are huge regional differences in Germany.

Best to look for figures addressing the city or region you're interested in as a starting point.
 
Hi,

I didn't use broker but used Dresdner Bank in Frankfurt for mortgage on 1 bed apt in Frankfurt. Only offer max 60% but found them efficient to deal with and rates are competitive.

What part of Frankfurt are you purchasing in?

Rgds,

lld
 
paddy007 said:
Hi

I was on a few weeks ago looking for guidance on the German property market and went over had a look around, I found some properties I like
in Frankfurt and I am thinking of buying, my next step is arranging finance;

Does anybody know if there are any reputable mortgage brokers I could use?

Thks

P
Click to expand...


http://www.fidentiagroup.com (www.fidentiagroup.com)
 
qwertyuiop said:
Berlins property market has been in the doldrums for the last decade - still is.
Dropped 3% in the last 12 months again.
Click to expand...

Not true. There was a slight 0.2% increase in Berlin property prices in 2006. Where did the figure of 3% drop come from?
 
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