Day Trading & Forex Forum

vergis92

Holiday homes investment in south Greece and Cyrpus,

How to Invest in recession proof areas,

90% and even 100% mortgages available from selected developers,
new homes and off plan projects.

9% annual average growth, long rental season



visit;


Greece - Property For Sale in Greece - Overseas Property Investment Forum - The Totally Property Overseas Real Estate Forum

shadowninja

Recession proof? We'll see. Would you guarantee your savings and future income if people lose money?

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The markets can stay solvent longer than you can stay irrational.


Check out my blog if you're new to trading or skip the advice and obtain fame and riches beyond your wildest dreams the easy way but you might end up a bit like this.

Hoggums

Ladders go down as well as up!

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Hoggums

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vergis92

Yes there are recession proof areas in every country, the holiday homes buy to let
business is slightly over supplied but I don't know of anyone who didn't make money this
year , or the year before

you got to watch two things, first that you buy below market value and second that
the location of the property will remain attractive,


holiday rental market is not like any other, in good places and countries there's
always demand, here this island 'sinks' by the visitors every year,
the only way one will lose their money is if there's a war or some severe natural disaster that I can't
guarrantee

and Greece's tourism doesn't depend on a any particular country, this year we had
a drop in English, German tourists and tenants but equally an increase on Russian
visitors, is not like you depend on one country

shadowninja

Time will certainly tell. How did they make their money exactly? Buy and then sell?

__________________


The markets can stay solvent longer than you can stay irrational.


Check out my blog if you're new to trading or skip the advice and obtain fame and riches beyond your wildest dreams the easy way but you might end up a bit like this.

vergis92

No I mean making money out of renting the property, the holiday season is long
and the weekly rental rates good, then they buy another property and so on,
they can get as low as 4.7% mortgage to do that,


then they buy another and expand, it's good to sell only if you need the cash
or have you made quick say in 10 months a big profit on an off plan project, you can
often buy well below market value in off plan

generally I advice against selling, once you own a property you can get more and more
finance to invest in other countries /markets, all one has to make sure the rental income will cover at least the interest,,

lending criteria remain soft compared to the UK, this could be the answer for
people who eventually want to get on the UK property ladder... but cannot do so
directly , 70% of our the buyers are from the UK!

normbeef

I cant take this seriously.... I was preparing a big long speach about this but then I deleted it all and can only say one thing about it...

JOG ON MATE

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"NEVER.. eat yellow snow"

vergis92

well if you can't back up your argument.....

at least I know what I'm talking about, I know the UK property market better than the market in other parts of my own country, if you know a better way to get on the UK property ladder please let me know, the only way I know is through off plan deals
in the UK, but this requires a mortgage broker/specialist as most High street banks
will turn you down