The property market in Germany has experienced very little joy over the past couple of years, however things could now be about to change, under new Chancellor Angela Merkel.

Some reports have it that an increasing number of British investors have recently been buying up undervalued residential property in Berlin, where property prices in some parts of the city are reported to be as low as £500 a square metre. There is also the added incentive that approximately only 12% of the locals are owner-occupiers.

Norbert Klink who owns a German based property company says: "Prices in eastern Europe are largely based on future expectations." But he claims that his native Berlin is different and says: "Even if everything stays as it is now, you will get a good return on your investment."