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If You Think Our Housing Laws Are Crass Try Being A Landlord In Germany

If You Think Our Housing Laws Are Crass Try Being A Landlord In Germany

If You Think Our Housing Laws Are Crass
Try Being A Landlord In Germany

There are always plenty of stories in the media about landlords and letting agents and their idiosyncratic practices, but a recent news article about a German landlord published in The Telegraph and picked up by LandlordToday.com really does take the p**s!

UK landlords have faced a great deal of criticism for reasonably, and in some cases unreasonably, withholding a tenants’ deposit for all kinds of damage caused to rental property by tenants but now a German landlord has ended up in court for trying to claim damage to a bathroom floor caused by a tenant’s urine.

The landlord had withheld €1,900, equivalent to around £1,400 (GBP) from the tenant’s €3,000 deposit for damage allegedly caused to a marble floor in the bathroom of a rental property by a male tenant missing the toilet bowl while urinating standing up.

The tenant sued his landlord after the refusal to pay back the €1,900 claimed for damages to the marble floor but the judge ruled that the tenant had the right to take care of business standing up.

The landlord had brought in a “technical expert“, who had the unenviable task of confirming that wayward droplets were indeed the cause of the damage to the marble tiles.

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UK attracting Overseas Property Investors

UK attracting Overseas Property Investors

High Rental Yields Producing Property Profits

Chinese, Malaysian and Far East property investors are buying large swathes of investment properties in the UK as they are being drawn in by strong rental yields and weak economy as the price of Sterling (GBP) is overshadowed by the strong Yen.

This influx of Far Eastern property investors is driving the demand for new build investment properties in the UK’s major regional cities and their appetite for property profit is outpacing demand from Greek, Italian, German and other European property investors who are also keen to snap up property bargains.

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As previously reported on “Spotlight”, the UK rental market has already seen an increase in the number of foreign investors looking to get involved in the buy-to-let sector. Read the article here

Successful Property Investor warns UK rental market is target for foreign investors

Successful Property Investor warns UK rental market is target for foreign investors

This phenomenon was recently commented on by successful property investor, mentor and professional speaker Dr Rohan Weerasinghe who regularly speaks at UK Property Networking Events. He explained that overseas property investors are keen to secure properties that can produce “a positive monthly cash flow”, and the UK certainly has a healthy rental market.

Dr Weerasighe claimed that the overseas investor focus is “less on capital growth” as investors are aware that the UK has not yet moved on from the effects of the recession. As a result most investors are more interested in acquiring an income from renting properties, as a way of providing “long-term security”.

Many investors are keen to purchase run-down properties with a view to renovating them and selling them back to the market to create cash profit which can then be used to buy further rental investments. This pattern is particularly popular with Italian and German property investors and can be a very lucrative method of producing a positive monthly cash flow.

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