With European property prices tumbling as the recession bites, Germany is emerging as the place to invest. A survey of real estate experts found that German cities are less risky in these troubled times -- with Munich emerging as the safest bet in Europe.
As economies in Europe hit the doldrums, property markets are also feeling the pinch. With real estate markets from Ireland to Spain turning from boom to bust, Germany is emerging as property investors' new safe bet.
A survey of real estate industry experts finds that conditions across Europe look set to get gloomier in 2009. However, some cities are less risky than others when it comes to buying real estate. And in these troubling times, the wealthy Bavarian capital Munich is looking like a good place to buy.