Greece is one of the most popular holiday destinations in Greece, it is also a perfect place for people looking to spend their retirement in a place with nice weather and lovely, friendly people. This, as you can imagine, means that Greece is a great country for one to visit and spend their vacation in.
However, Greece can also offer amazing investment opportunities and it is an amazing choice for people looking to invest in the real estate market or the tourism industry.
What makes Greece such an amazing place to invest in, apart from the fact that its tourism industry is always booming is the fact that the country has just come out of a very severe economic crisis, which means that real estate prices in many popular areas are currently in what seems to be an all time low. In other words, you can buy prime properties for a price which can be considered a steal compared to what you would have to pay a few years ago, when the Greek and global economy were still booming. But just what kind of properties should you invest your money in?
While urban properties seem to be very popular these days, because of the rise in popularity of apps such as Air BnB and Booking.com, which allow property owners to rent their apartments and houses to tourists, the smart thing to do is to stay away from them, especially if you are looking for a long term investment. The market that the aforementioned apps cater to is about to get seriously saturated since just about every empty apartment in Athens, Thessaloniki and other popular tourist destinations is being turned to into a short term rental property. If you want to make a smart investment, with great returns, buying villas in Greece is the perfect choice for you.
What makes villas in Greece such a good investment?
Like we said earlier, Greece is very popular with tourists as well as with retirees who would like to spend their twilight years away from the hustle and bustle of large cities. The vast majority of people in both categories have one very important thing in common: they would like their time in Greece as comfortable and as luxuriously as possible, which is why they prefer to stay in villas. Villas tend to be more isolated and very luxurious, making them an excellent choice for tourists looking to live it up during their vacation and pensioners who would like to spend their retirement years as luxuriously as possible.
The perfect source of income
If you buy a villa then you really have two options on how to make money out of it and both of them are great. If the villa is located in a popular tourist destination, you can convert it into a rental property and list in with property rental sites and rake in tons of cash every tourist season. Greece is home to some amazing villa and luxury property management agencies which can reliably take care all of the work related to providing your guests with an amazing experience during their vacation. As long as you pick a good management agency, you can just relax and watch the cash flow to your bank account. Your investment will pay for itself and start producing profit in a couple of years or so.
Quick and easy flips
If you don’t want to be in for the long-run when it comes to making money put of real estate, you can always flip your newly purchased villa and make a huge profit right there and then. Villas in Greece are very sought after and wealthy pensioners are more than willing to spend a large part of their retirement fund in a luxurious house in which they will spend the rest of their lives in.