10.09.2022

What the first step of the home buying process in Greece ?

Getting pre-approved for a mortgage is the first step of the home buying process. Getting a pre-approval letter from a lender get the ball rolling in the right direction. Here’s why: First, you need to know how much you can borrow. Knowing how much home you can afford narrows down online home searching to suitable properties, thus no time is wasted considering homes that are not within your budget. (Pre-approvals also help preven..

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04.09.2022

WHAT IS CHEAP HOUSING AND SHOULD YOU INVEST IN GREECE ?

As you developer into real estate investing, your initial thinking may be to offer luxury properties that will draw big bucks from tenants. And who could blame you? One aspect of real estate investing you may be overlooking, though, is affordable housing. What is affordable housing? Contrary to how it may sound, this is an investment niche that could very well be your ticket to a stronger bottom line in the years ahead. The d..

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04.09.2022

INVESTING IN CHEAP HOUSING IN GREECE

Investing in affordable housing may be appealing to multifamily investors for several reasons. There is consistent demand for these properties, and they are often viewed as recession-proof. At the same time, they give investors an opportunity to invest in social impact and/or the well-being of their own community. However, the regulations and financing mechanisms involved in investing in affordable housing can be complicated, and often diff..

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04.09.2022

WHY AFFORDABLE PROPERTIES ARE GOOD INVESTMENT IN GREECE ?

1. High and quick appreciation Properties which are cheaper in price tend to appreciate faster compared to the others. This trend has successfully attracted several investors as it's a win-win situation for both the buyer and seller. Most of the big cities have reached a saturation point and now its outskirts are fast developing with affordable properties. The fast growing social infrastructure has attracted several second home buyers too ..

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04.09.2022

WHAT ARE THE NEGATIVE POINTS CHEAP HOUSE INVESTMENT IN GREECE ?

When it comes to affordable housing, there are special considerations investors need to make. A little bit of research and preparation can go a long way. Costly To Build For developers, it can be almost as costly to build new affordable housing as it is to build housing geared toward middle-income wage earners. It may be a better business decision to renovate an existing property than to deal with high construction costs. Zoning Restrict..

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04.09.2022

IS IT PROFITABLE TO INVEST IN CHEAP HOUSING IN GREECE ?

There are many misconceptions when it comes to investing in affordable housing. Some people may associate affordable housing with low-quality tenants and lower profits. The thing is these aspects can be true for any real estate investment. If you do your due diligence and invest smartly, there are many upsides to investing in affordable housing.   Profitability   The need for affordable housing is prevalent. Buying, renov..

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04.09.2022

WHAT IS CHEAP HOUSING INVESTMENT IN GREECE ?

You don’t need to buy a multiunit building to invest in affordable housing. Affordable housing investment can be a part of your investment portfolio. Here are a few types of investors that can be involved in this opportunity: Builders/Developers: There are many government incentives geared toward building/developing affordable housing. Builders and developers can take advantage of these incentives and sell the property to other i..

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04.09.2022

Why Real Estate Investors Need to be Carefull to Purchase Cheap Houses in Greece ?

4 Reasons to Avoid Cheap Investment Properties 1. Hidden Issues One of the biggest reasons to avoid dirt cheap properties is pretty obvious; you’re probably getting a deal because the house has quite a few flaws, and thus, lots of work that will need to be done. When looking at a deal that seems too good to be true, the likelihood of having a lot of hidden problems is very high. These repairs can be a serious undertaking for the buyer..

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04.09.2022

HOW TO INVEST IN CHEAP PROPERTY IN ATHENS GREECE ?

* Firstly, be aware of and/or investigate the drawbacks. Know why the property is cheap. * Be realistic about prospects for future capital appreciation. * Be realistic about future resale potential. * Be realistic about the letting potential, and about the level of rent which can be charged. * Calculate yields accurately. Also, where the possible yields make the property seem an attractive investment ensure that this far outweighs the..

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04.09.2022

THE DISADVANTAGES OF BUYING CHEAP PROPERTY IN GREECE

This is probably the most important disadvantage of cheap property: * Property is always cheap for a reason. Frequently property is cheap because the area in which it is located is economically disadvantaged, has high levels of deprivation, or may have social problems. And that makes it a different investment proposition, on several levels: * Property values in these kinds of areas can be volatile. They may appreciate slowly in g..

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