Investment Property in Chania

Invest in Real Estate in Chania

Investment Property in Chania
Investment Property in Chania

Chania property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Chania .

Search Map of Chania Investment Real Estate

Chania (Greek: Χανιά [xaˈɲa] (listen); Venetian: La Canea), also spelled Hania, is a city in Greece and the capital of the Chania regional unit. It lies along the north west coast of the island Crete, about 70 km (43 mi) west of Rethymno and 145 km (90 mi) west of Heraklion.

The municipality has 108,642 inhabitants (2011). This consists of the city of Chania and several nearby areas, including Kounoupidiana (pop. 8,620), Mournies (pop. 7,614), Souda (pop. 6,418), Nerokouros (pop. 5,531), Daratsos (pop. 4,732), Perivolia (pop. 3,986), Galatas (pop. 3,166) and Aroni (pop. 3,003).

The financial stability of Chania has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

 

Buy to Rent in Chania

 

Renting out your Chania buy-to-rent investment property can grow wealth and income.

 

Whatever your goals with investment property in Chania are – preparation is key.

 

  • Set goals based on how much rental yield will be required and the local rental yield rates in Chania and be prepared to change your initial outlook.
  • Thoroughly research the Chania location with a special emphasis on fringe areas outside the main Chania metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Chania.
  • Ensure that your target investment property in Chania appeals to professionals. This is a demographic that ensures maximum income and low voids.
  • Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent with local knowledge and experience of property legislation will give you the best chance of success.

 

With our expert guidance, investing in Chania provides the secure knowledge that your money is working harder than it would in a local Chania bank and that future generations of your family will be left with substantial capital growth assets.

 

We are always happy to advise on buying investment property in Chania, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Chania property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Chania

Flipping property in Chania

 

Flipping property is when we advise clients to buy a Chania property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Chania market has a time to react to the renovation.

 

The Flipping Strategy in Chania

 

Investment property flipping in Chania is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Chania real estate investments are sometimes referred to by professionals as ‘distressed’ Chania real estate.

 

What is distressed Chania property:

 

  • Chania property in need of renovation
  • Chania real estate with a change of purpose and use
  • Oversold Chania property
  • Bank repossessions in Chania

Put simply, long term investors in Chania purchase the property, renovate it and make it a lot more attractive to potential buyers.

 

Calculate profit that you make from Chania investment property flipping:

 

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Chania property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

 

Experienced property developers in Chania use a minimum profit value of 22% when looking at potential Chania projects.

 

The reason for this is because there are lots that can go wrong in Chania property flipping and working on a potential margin of 22% should still leave a good margin of error.

 

Invest through a Fund in Chania

 

Property Secured Investments is a Private Equity fund that invests in Chania and many other towns and cities across Europe. The fund is only available to Sophisticated Investors and closed to United States Citizens. While this is not an offer or promotion of the fund, more information can be found at the website

Luxury Property in Chania

For luxury property investors hoping to add a superb property in Chania to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

 

A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Chania, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Chania should be entrusted to only the highest-quality agency.

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