Real estate investing in Greece.. lessons learned
Updated: Nov 18, 2019
If you have followed the news over the last few years you might have heard about the tumultuous times that happened with the economy in Greece. As a result of changes to the European union and other related tax based issues Greece and it's citizens and its real estate were really hit hard financially.
Understanding the cycle is what's important
Like most other areas of any country's economy, things usually happen in cycles and this was no exception. With downturns come opportunities and the opportunity here in Greece was to invest in real estate at record low levels.
What this activity mostly taught me was to have a strategy, a timeline and most importantly patience. It's very hard to call a bottom and even harder to call a top when investing, so knowing that you got in low and setting a goal for a rate of return can help you now when to sell.
If you are looking for help buying, selling or investing in real estate myself and my real estate team are here to help. We specialize in real estate in Aurora, real estate in Newmarket, real estate in Richmond Hill and real estate in Vaughan. We also help with investing in real estate in pre-construction condominiums all over Toronto and the GTA. Whatever your direction in real estate, you can always turntotammy.