The best property market in Europe

The smart money from all over the world appears to be heading for the German property market. Find out how you can invest in German property.

Which is the best property market to invest in now? It isn't Spain, it isn't France and it certainly isn't Bulgaria or Hungary, says Merryn Somerset Webb. It's Germany...

For years now the UK property market has been making investors vast fortunes. Prices have risen some 500% since 1992, meaning that those able to leverage themselves up and keep buying and selling have been able to multiply their capital many times over. But this just doesn't work here any more. Last year, property prices stopped rising in the UK, making trading in houses pointless particularly given how high the costs of doing so have risen, thanks to Gordon Brown's fiddling with stamp-duty rates. So where should experienced property investors take their skills today? This is a tricky one. Britain isn't the only European country seeing house price rises level off.

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