Quote:
Originally Posted by BrianC
From an inheritance I have the above sum to invest.
I am looking for an investment where I have a fair chance of doubling this in a 5-6 year period and am fully aware that this will come with an element of risk.
I am not looking for a lifestyle property or somewhere to retire to and frankly IŽd be very wary of any place that was promising 30%+ growth per year.
Ideally IŽd like to buy outright and have the property let and managed with minimal input from me.
Suggestions?
|
Dear Brian
I work in sales in Greece/Crete here the market offers around 9% annual growth
on average, yet there' s misleading commercials about 20 or 30% like you said,
but thats short lived or unrealistic, the fact is 9% , long holiday season,
winter rental is possible too, and if you are smart enough to get the right mortgage (euros or swiss frank based) you can invest 60K with a certified , serious constructor that will also manage renting your property,
I'm not sure if you can double your capital in 7 years, it depends on your
accountant skills and the whole tax planning process, but if you plan it right
it maybe possible, reducing tax liability, getting cheapest mortgage etc.
in case you want to enquire about Crete please feel free to email me
info@varan-services.net I'm a salesman but I 'm impartial in my advice
and I can tell you the pros and cons of this country