Are studio apartments the most secured way to achieve a high fixed income?
The answer is of course positive. Studio apartments, as it has been proved many times, are the new reality of megacities on a global scale in general and in the Athenian capital in particular. Both the center of Athens and several areas have an abundance of studio apartments which serve the new residential needs.
From an investment point of view, a studio apartment can promise its owner quite low costs but very high incomes in whatever way he chooses to exploit it. We understand that the costs are quite low because they are primarily related to the surface occupied by a studio apartment. Thesmaller it is, the lower the costs of maintenance, repairs, the utility bills that someone will be asked to pay as well as the taxes related to the specific property.
Coming to the income that a studio apartment can secure now, the ways of exploitation are clearly through the lease which can be either long-term or short-term. Long-term lease is synonymous with stability and quick investment payback. Calculating an average of 6.5% annual income from a long-term lease we realize that full payback can occur in as little as 15 years. If the owner of the studio apartment chooses the exploitation through the short-term lease then he can certainly count on an annual income of 9%, which means that the full payback will occur in just 11 years.
Whichever of the two ways of exploitation an owner decides to pursue cannot be negated the fact that they have a property on their hands that has low financial demands but yields high income.
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