Germany, officially the Federal Republic of Germany, is located in Central Europe and made up of 16 constituent states. Germany has the second largest population in Europe and is the most populated EU member state. It is the fifth-largest country in Europe in terms of land, and is also almost completely landlocked, sharing it’s border with nine other countries; Denmark, Poland, Czech Republic, Austria, Switzerland, France, Luxembourg, Belgium, and the Netherlands.
By nominal GDP it has the world’s fourth-largest economy and the largest economy in Europe, mainly consisting of fuel, iron, steel and chemicals. The country itself is rich with raw materials making it the world’s third-largest exporter and importer. Their automotive industry is one of the most competitive and innovative in the world with international brands such as Mercedes, Audi, BMW and Volkswagen all originating in Germany.
The serviced apartment sector continues to grow heavily in Germany with growth of over 30% in recent years. Along with the UK, Germany leads the way for total number of new units planned over the next 3 years, holding a 25% stake in the total pipeline.