HomeAway.co.uk’s First Half 2011 report has revealed that Germany has emerged as the best performing market in terms of growth in holiday rental listings.

The website report: ‘Germanyhas seen a massive growth in property listings. In the second half of 2010, the country was not among the top performers however in the first half of 2011 it was the best performing destination, with a 51% increase year on year.

‘German property is now increasingly seen as a safe haven by investors and, according to the Hypoport Index the average apartment in Germany has gained 1.9% in value this year, and overall prices have increased 7.4% since March 2009.’

The increase of 51% is in relation to the number of units advertised for short-term lettings on the website in the first half of this year, compared to the first half of 2010.
According to CB Richard Ellis, although investing in German property may not bring spectacular profits, it is increasingly being seen as a safe haven by international property investors, who spent 12% more on German property last year (€7.5bn). The company thinks this figure may increase further to €8.2bn this year.