Investment real estate refers to property purchased with the primary goal of generating income for profit, rather than being used as a personal residence and getting the property cheaper than listed is one of the aims of any investor.
The investor, or owner, rents out the property to tenants directly or through a management company for short or long-term periods. In return the investor earns regular rental payments, which can be from residential rentals, such as houses, condos or apartments, or from commercial rentals which can be offices or retail spaces.
Rhodes is the largest island of the Dodecanese archipelago and one of the most famous Greek islands, located in the southeastern Aegean Sea, and situated close to the coast of Turkey.
In addition to Rhodes having a very long world famous history, the island also has a very strong tourism market, that feeds into the high rental demand for luxury properties, making Rhodes an excellent island to consider if buying luxury properties for personal use or investing into Rhodes real estate for rental income and or long-term capital appreciation growth.
Property in Rhodes Greece can increase in value over time
As the property increases in value over time, often used in growing markets (albeit there can be periods of decline) but overall property values do increase, and can then be sold at a profit.
Investors may be able to deduct expenses such as mortgage interest, property taxes, insurance, and depreciation adding to the value of ownership.
Investors can choose from a wide range of different types of cheap investment property from residential homes, condos, duplexes, or apartments, to commercial offices, retail stores, or industrial buildings leased to businesses.
Also there are mixed-use properties combining residential and commercial elements as an option, plus land, with or without planning permission, that can be developed on or sold again for future real estate development.
Buying cheap properties for sale in Rhodes Greece can be a smart move for both investment and personal use, depending on your goals.
If looking at Greece as an overseas or foreign investor or buyer into Greek real estate, those who typically invest or purchase at €250,000 to €800,000, which varies according to the area chosen, can obtain Greek residency through the Golden Visa Program, making Greece an attractive gateway to the EU.
Greece offers both stability and opportunity to buyers and investors, as tourism to Greece brings in over 30 million visitors across the mainland and the Greek Isles.
Real Estate Agents and Property Developers in Rhodes, Greece
