Real Estate News
PROS OF A MICRO APARTMENT INVESTMENT IN GREECE
If you’re trying to decide whether a micro-apartment would be a good fit for your needs (both figuratively and literally), you should probably start with a pro/con analysis. There’s no doubt that micro-apartments offer both big advantages and big disadvantages, and you’ll want to weigh both before deciding whether you should take the leap. Micro-Apartment Pros Often cheaper to rent per month than a standard studi..Read More
WHO’S RENTING MICRO-APARTMENTS IN GREECE?
The primary renter pool for a micro-apartment is, unsurprisingly, Millennials, who have historically been priced out of costly rentals in major cities. There is also appeal among older renters who are looking to downsize. As for who’s not renting a micro-apartment, that would be young families and couples, since limited space for one person means very limited space for more than one person. In many cases, micro-units are single occupancy, m..Read More
HOW MUCH DO MICRO-APARTMENTS COST IN GREECE ?
Most micro-apartment renters expect to spend about 20% to 30% less per month than they would on a traditional apartment, according to a report by the Urban Land Institute (ULI) Multifamily Housing Councils. That being said, in some high-demand neighborhoods, sparing on square feet doesn’t necessarily mean saving that much in rent. At Carmel Place, for example, a 55 unit micro-apartment building located in the trendy Kips Bay ne..Read More
WHATS MICRO APARTMENT INVESTMENT IN GREECE?
A micro-apartment is a single occupant studio that is designed to be as compact as possible. It has all of the amenities that you’d expect to find in a traditional studio apartment—think kitchen, bathroom, general living space—but all of it is squeezed into a tiny footprint: about 200 to 400 square feet. (To help visualize that, 200 square feet is about the size of a one-car garage and 400 square feet the size of a two..Read More
IS A MICRO APARTMENT RIGHT FOR YOU IN GREECE?
For city dwellers, it’s not uncommon to pay lots of money in rent for very few square feet. But for those willing to gain a little less in order to spend a little less, a micro-apartment could be just the thing. Micro-apartments, which have been popping up over the past couple of years in major (and pricey) cities like San Francisco, Boston, Seattle, and New York, provide renters with a more compact living space in a prime location. But ..Read More
Is The Location Of Real Estate Development Project Right For Your Clients?
The location of a site is key to the success of the development. The product and price could be perfect for the target audience, but if the site isn’t in a suitable location in terms of transport links, school catchment areas and accessibility to amenities, for instance, it's unlikely the homes will be appealing to the buyer. Whilst considering these factors, a property developer must not only be able to see the potential in current ..Read More
How Much Are You Safe That You Choose The Profitable Property Development Project?
A product must always be suitable for its target audience, and property is no different. When considering what type of residential or commercial property to develop on a site, the developer must consider the number of occupants, the specific requirements they have, and their desires. If we look at a site in an affluent, semi-rural location as an example, the typical buyer will likely expect 4 to 5 bedrooms, a double driveway and garage, a l..Read More
Can You Finance A Property Development Project?
Arguably the most important requirement for a property developer is finance. Without finance, there can be no development. Moreover, the finance required for the development will be tied up until the first property sells or begins to generate rental income. This means that whilst the capital is locked up in the development, there will not be scope to expand or grow. It’s essential for property developers to have - or raise - the neces..Read More
What Is A Life Time Mortgage?
'A lifetime mortgage is a type of mortgage someone may take out, which does not need to be repaid until that person dies or goes into long-term care. This person will still have full ownership of the property, and they’ll still be able to live there. These are only really available to those over the age of 55.'Read More
Is 2022 A Good Year To Buy A House?
The short answer: Yes. Interest rates for 30-year fixed rates are at historic lows right now, coming in below 4 percent, points out Debbie Weiss, a real estate agent with Keller Williams Santa Monica. “The rates are definitely not going to stay this low forever, so buyers should consider locking into a great rate now,” she says. Additionally, the fourth quarter of the year brings an added bonus as many buyers pause their search ..Read More