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Posts Tagged ‘Real Estate’

Things to Consider When You Buy Property in Greece

Tuesday, March 23rd, 2010

Greece now has a large number of foreign nationals who have already invested in property and this number seems to be growing by the day. The property market of Greece is one of the fastest moving in Europe because of so many overseas investors rushing to buy property in the country.

As most people know, Greece is a popular tourist destination, and it is no wonder, with its sunny climate, stunning views and laid back approach to life. The cuisine is known throughout the world, for example: moussaka, feta cheese, and dolmades. And many homes have a bottle of Greece’s famous Ouzo in their drinks cabinet. The cost of living is 40% lower than the UK, and in today’s economic climate that is welcome news.

Many people want to enjoy the delights of Greece on a regular basis and are purchasing a holiday home…or two…in the country. Some visionary people are taking the concept of purchasing holiday homes one-step further. They are buying property in Greece and then leasing them to enthusiastic travelers. A large number of people travel to Greece every year and renting a holiday home can often be cheaper that staying in a hotel over a period of time. Holiday homes also tend to be more personnel than a hotel room, which is another reason why they are popular with travelers.

When buying property, Greece, has more to offer than just holiday homes. Many foreign nationals have invested in commercial properties in the country, especially in the more developed cities. Commercial properties include retail enterprises as well as office buildings, and since Greece became a member of the European Union, the demand for office buildings has increased.

Whenever buying property in Greece, the investor must bear in mind that investing in any overseas property requires adequate planning, for example: looking at the market situation; the best location to invest in; when to buy; and what type of property to buy – for example: low-priced single-family homes are difficult to find in the well-developed city of Athens, but are easier to find in other cities such as Larissa. There is help at hand to assist investors: local real estate agents can acquaint foreigners to the realities of the property market; there are English-speaking lawyers specialising in property sales; and oversea holiday clubs.

In conclusion, when buying property, Greece has plenty to offer investors because the property choices are wide and varied, the country is popular with tourists, and property investors are already making excellent returns on their investments.

About the Reasons to Buy Property in Spain

Tuesday, March 23rd, 2010

Spain offers infinite variety with something for everyone, including terrific beaches for sun seekers and unbelievable scenery with tremendous views and wonderful mountain walks. For those who wish a more urban based life there are some of the most sophisticated cities to be found anywhere. For food lovers, you will find some of the best food to be found anywhere and wine to match.

You can come up with a number of reasons why you would want to buy a home in Spain , although it’s important not to fool yourself or try and manufacture something that isn’t there with regards to what you can expect. Be consistent and realistic about what you can expect, ask fundamental question about what it is exactly that you want from a home in Spain? For example, is it a second home, holiday home or retirement dwelling that you wish to buy?

The south eastern Mediterranean coast of Spain has the highest percentage of retired persons in the world, when both Spaniards and foreigners are included. If you’re seeking a second home, what exactly will you want to use it for and how long will you wish to stay there? Do you plan to rent all or a portion of it to offset mortgage and operations costs? If that is the case, how essential to the overall plan is the property rental income? Is the decision to buy purely based on investment criteria? Do you plan to work or start a business in Spain? These are questions that need answers no matter where you purchase , but especially in Spain because of the variety of choices Spain has to offer.

Quite often potential buyers have a number of reasons for purchasing property in Spain. For example, many people buy a holiday home with an idea of living there permanently or semi-permanently after they retire. In a lot of cases the motivation is to start by purchasing a holiday home with the intention of retiring there later on. If this is the case, there are many more factors to take into account than if you were simply buying a holiday home that you will occupy for just a few weeks a year. If, on the other hand, you plan to work or start a business in Spain, you will be faced with a whole different set of criteria.