Most investors in overseas property choose one of two strategies: they buy the property at a low price and sell it in 1-2 years or invest in a steadily growing market and receive rental income for 5-15 years.
Strategy, in turn, determines the choice of the market. The international real estate broker Tranio studied the price dynamics in 40 cities of the world over the past 10 years and found out where it is profitable to buy housing for two types of investors in 2018. Continue reading
An apartment in the Austrian Bad Gleichenberg is Olga’s second purchase abroad. At first she chose between Miami and Berlin, but eventually stopped again in Austria. “At some point, I even wanted to buy two apartments: this one to rent, and even a small one for myself,” Olga shares her impressions. How did Tranio win a small resort town in Styria?
– Olga, we know that for you this is not the first purchase of real estate abroad, you still have an apartment in Austria.
– Yes, in Vienna. Continue reading
Greece’s economy is recovering from the crisis. According to the National Statistical Service (ELSTAT), after an eight-year recession in 2017, Greek GDP grew four quarters in a row.
One of the main growth drivers is the tourism sector. According to research firm Euromonitor International, today Athens is the second city in Europe in terms of the growth rate of tourists (the first is Greek Heraklion): in 2017 almost 5 million people visited the capital of Greece, 10% more than in 2016. Athens International Airport accepted in 2017, 14.4 million foreign passengers – 12% more than a year ago. Continue reading