Secure your investment to the fullest. In the Greek territory over the years, due to the multiplicity and diversity of special building conditions, from place to place, anarchic construction prevailed which resulted (in extreme situations) in the construction of completely arbitrary buildings. If for any reason today you would like to invest in Greece, you should contact an office of engineering consultants (Surveyors-Architects-Civil-Mechanical Engineers) so that it can lead you to the right choice of property. Check either for arbitrariness and find out about the special building conditions that apply in each area.
Tourism Real Estate
- The real estate industry is an integral part and underlying infrastructural basis of the tourism sector.
- Tourism activities are most often tied to geographic settings and the location of a property is a dominant investment factor.
- Buyers value the quality of the surrounding environment: a property in a privileged location with a summer house that can be let or a site suitable for constructing leisure and tourism facilities have unquestionable investment potentials.
- The ever growing number of tourists visiting Greece, the current traveler’s profile, new forms of tourism activity (such as ecotourism) requires the development of the relevant infrastructure that will meet the emerging demands.
Real Estate Investment in General
Why would I invest in real estate rather that considering other sectors (ie stocks)? Real estate is a leading investment option among other choices. The main reasons are as following:
- It is easier to borrow to invest in property than in any other asset class.
- You can acquire a property at a lower price than its actual.
- You can significally increase the value of your property without spending a lot of money.
- You do not need to sell your property to earn your profits.
- Your property does not need your unlimited attention
- Real estate prices tend to increase comparatively mild and steady.
- The real estate market easily forgives any errors you may have made.
- There is limited variation in the value of a property relative to the national average.
- You will achieve a better performance in the real estate market regardless the GDP.
General Rules for Successful Real Estate Investment
– SIX RULES THAT CURRENTLY APPLY IN GREECE –
- Your biggest profit comes from the original purchase itself.
- You can buy from someone who has an incentive to sell.
- Seek passionately a good opportunity, not the property itself.
- You can follow a recycling strategy (I buy when everyone else sells and I’m waiting when everyone else is buying).
- Buy always on credit or with little cash.
- The deal of the decade appears almost once a week.