Real Estate News
WHO LIVES IN MICRO APARTMENTS IN GREECE ?
Many Different Types and Target Age groups There are 3 main sub-sectors of micro-apartments. These are namely: serviced apartments, student accommodation and furnished micro-apartments. The commonality among them all is the convenient location, furnished-nature and shorter-term leasing. One mistake to make is to assume that the only target demographic is the youth, although currently it is the largest market. With the world becoming so glob..Read More
WHERE ARE LOCATIONS OF MICRO APARTMENTS IN GREECE ?
Prime Locations Due to the large number of young working professionals and students embracing convenient living, micro-flats are usually located near key employment nodes and the best universities. Europe is a mecca to highly-skilled immigrants and offers some of best education in the world. Key cities are seeing a growing demographic of young working professionals and international students, drawn to fruitful job prospects and outsta..Read More
WHAT IS THE DEMAND FOR MICRO APARTMENTS IN GREECE ?
Demand is high A classic characteristic of micro-living is that it is suitable for singles and, occasionally, couples. One might find this a disconcerting factor when looking at the rapid global population growth. A more accurate benchmark, however, is to measure your investment against the trend of household sizes. For example, the outlook for micro-apartments in Germany, Sweden or Austria is dramatically different to that of Ireland or Polan..Read More
MICRO-APARTMENT FEATURES IN GREECE
A 21st century co-living concept to capture the rental market moving towards single households. A self-contained, open-plan living space designed to accommodate a bedroom, sitting area and kitchenette in 14–32 square metres. Furnished, 12- to 24-month rentals in central locations. A niche investment sector exploding since 2016. An alternative residential asset with a higher yield than other property classes.Read More
SHOULD I INVEST TO MICRO APARTMENTS IN GREECE ?
As with most decisions in life, it depends.Weighing out the pros and cons of a micro-apartment requires prioritizing your most notable preferences and seeing how they compare against your potential dealbreakers. On the bright side, a rental is not forever. If you move to a micro-apartment and decide that it’s not for you, you’re only there until your lease is up. Finding the right apartment isn’t easy, and there are always go..Read More
HOW TO MAKE YOUR OWN MICRO-UNIT IN GREECE ?
Making a Micro-Unit Work For You.Just because a space is small doesn’t mean that it can’t be stylish and functional. Here are some quick design tips that can help optimize the available square feet in a micro-unit. Invest in dual-purpose furniture. Couches that turn into beds and coffee tables that turn into desks are just the tip of the iceberg when it comes to innovative furniture that can do more than meets the eye. If you&rsquo..Read More
CONS OF A MICRO APARTMENT INVESTMENT IN GREECE
Not always cheaper than average rent in the area Minimal storage and living space No-pet-policies or strict limits on pets Not family-friendly or fit to grow into Not fit for couples May be costly to furnish due to need for specialty furniture It’s a good idea to connect with people who live in micro-apartments to see how the experience has been for them. While it does largely come down to personal p..Read More
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