Reasons Why Real Estate In Greece Is A Good Investment

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Reasons Why Real Estate In Greece Is A Good Investment

Many people avoid real estate investments because they find it either too “old-fashioned” and they prefer a more dynamic investment...

Many people avoid real estate investments because they find it either too “old-fashioned” and they prefer a more dynamic investment environment such as stock market or because they are scared of the amount of money needed. Neither of these is accurate:

  1. Properties don’t have a certain starting price and there is a huge variety of factors that differentiate the prices: place, status, surface, facilities, etc. so the buyer doesn’t need to correspond to the profile of an extremely wealthy person. Everyone has access to the real estate market.
  2. A real estate property might be stable as it is a construction but when it comes to market terms it is pretty flexible as you can force the appreciation easily and take it many levels up. On average, real estate appreciates 3-5% a year without doing anything except maintaining the property. By conducting even some small renovations you instantly increase the value of the property and if you ever consider to resell it or rent it out you can aim to high prices.
  3. Owning a property ensures you a regular cash flow, in case that you decide to rent it out. This increases the profits since you don’t rely only on the appreciation but on the monthly rental payment.
  4. Investing in real estate provides financial security. Nowadays we have associated the fruitful investment with the risk. When you invest in real estate long-term you have an appreciating asset. It might go through hills and valleys and even lose some value at a certain point but at the very end its value will come up again because it reflects the unbreakable bond between people and one of their main needs, housing.
  5. After investing in a property you can use the equity in order to increase your real estate investment portfolio. After realizing that what a fruitful investment owning a property is you can mortgage it in order to refinance your next property acquisition. Ideal investment always goes hand in hand with stability and progress at the same time and given that having a property gives you stable financial resources in order to go further you can’t but to admit that these elements are more than present in the real estate market.

All the aforementioned are valid anywhere in the world but far more in Greece. The innumerable choices in real estate properties, the high demand on housing both by natives and foreigners, the property prices that rise but in a stable rhythm allowing to the market to adjust, the more and more favorable tax system, the banking institutions that move really fast to all the procedures related to obtaining a real estate property make the investment environment flourish and turn Greece into one of the top destinations of real estate investments.