Profitable Investment Real Estate For Sale in Libya
Libya is a country located in North Africa, with Egypt to the east, Sudan to the southeast, Chad and Niger to the south, Algeria and Tunisia to the west, and the Mediterranean Sea to the north.
Libya has the major benefit of over 1,700 km (1,056 miles) of Mediterranean coastline, one of the longest in Africa, with a wealth of potential development locations and potential for luxury coastal real estate.
Popular areas of Libya with International Buyers - investment or personal use, listed by owner, for sale by real estate agent and for rent:
Investment real estate refers to property purchased with the primary goal of generating income for profit, rather than being used as a personal residence.
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.
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.
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.
