Quote:
Originally Posted by kingsway
Any info. on this Subject would be greatley appreciated!
Maybe Emerging markets and City locations?
Paul.
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Here in Crete, the market is cheaper than spain, more expensive than Turkey
under the right management you can rental income, the highest on a weekly basis
the demand for rental is increasing slowlly every year, value growth is at an average of 9% a year, the kind of people who pay for these weekly lettings
is very picky and choose Crete because of long holiday season, nice weather,
not too hot and not too cold as opposed to other greek islands, and the unspoilt
lonely beaches, as well as the culture, life etc.
So the key to making money is, a)buy from someone who can also rent it out for you, B)tax planning, mortgage planning issues (possibility of borrowing on another currency cheaper than euro every five years?
this remortaging alone can save you an enormous amount of cash!
for more on Crete please feel free to contact me