Investing in luxury real estate is increasingly sought after
In the wake of the deepening economic crisis, many are looking for a safe way to invest their money. One of the safest investments today is to invest in luxury real estate, both abroad and at home.
One of the reasons for this is precisely the uncertainty of the stock markets and the banking sector, which has increased in recent months. But this is just one of the reasons why more and more people are buying luxury real estate. People now want more comfort and security for their money.
In luxury properties, not only are they attractive places, but also the facilities of the property. Nowadays, the pool is not uncommon, with a spa jacuzzi – even at the beachfront – or a sauna directly in the building. There is often a golf course, tennis courts or other sports facilities nearby.
It is very important to consider the financial aspect when buying a luxury property. Although the initial cost is higher than in the case of regular real estate, many foreign luxury properties are becoming more and more popular. The annual guaranteed income from leasing is generally between 5 and 8 percent of the property’s purchase price. This is after deducting the operating costs and the commission of the property management company.
In the case of foreign real estate investments, the most popular destinations are tourism destinations. It is advisable to choose a country, region, region or island where there is good weather throughout the year, climate conditions are favorable, and this makes it much easier to utilize and rent. Investment in luxury real estate is increasingly sought after in Spain, France, Dubai and statistics on Albanian luxury real estate are showing a positive change.
Thanks to the year-round attractiveness of the beaches – and here the winter months need to be highlighted – a few percent higher returns can be achieved in the rental market.
In addition to leasing, resale and real estate development are also a good strategy. Since renovation and development work is very costly in the resort areas without proper connections, we can convert this difficulty into a real estate association with good experience and relationships, which can be a good profit
The disadvantage of foreign real estate investment is the geographical distance, sometimes it may be significant for overseas investments, so it is very important that you work together with a reliable real estate company. Many people love to connect with the good, this is an excellent tool for traveling to beautiful places and making money with real estate.
If you are seriously considering buying a luxury foreign property, contact us with confidence. We are happy to answer all your questions.
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