Real Estate News
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 ..Read More
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..Read More
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..Read More
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..Read More
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..Read More
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..Read More
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..Read More
THE ADVANTAGES OF BUYING CHEAP PROPERTY IN GREECE
* It’s cheap! You get a lot of bricks and mortar for the money. It offers good value, or at least appears to. * Cheap property is perfect for cash investors. The price may be low enough to make a cash purchase possible, ie. no mortgage needed, no need for the property to meet lending criteria. * Minimises the Stamp Duty bill for investors. * Low deposit, low repayments, low interest. Where bought with a mortgage the mortgage ..Read More
Where to Find Investment Properties Under 100K in Greece ?
Benefits of buying an investment property under $100,000 You can get your foot in the real estate door sooner. Depending on where you live, properties in your local market may be expensive. The median price of a single-family home in Greece, for example, comes in at a whopping 500K . For the average person looking to invest in real estate, this makes the dream of rental property ownership...laughable. But just because you're renti..Read More
What is the best way to invest under 100k property in Greece ?
If you’ve decided that you’d like to invest £100k in property it’s likely that you’ve already ruled out placing the money in other types of investments such as stocks and shares but if you’re still considering which investment type is best we’ve written a useful article comparing the two. Buy to let property investment is relatively low risk when compared to other investment types, which is why it make..Read More