Invest in Real Estate in Larissa
Larissa 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 Larissa .
Search Map of Larissa Investment Real Estate
Larissa (; Greek: Λάρισα, Lárisa, [ˈlarisa]) is the capital and largest city of the Thessaly region in Greece. It is the fifth-most populous city in Greece with a population of 144,651 according to the 2011 census. It is also capital of the Larissa regional unit. It is a principal agricultural centre and a national transport hub, linked by road and rail with the port of Volos, the cities of Thessaloniki and Athens. The municipality of Larissa has 162,591 inhabitants, while the regional unit of Larissa reached a population of 284,325 (in 2011).
Legend has it that Achilles was born here. Hippocrates, the “Father of Medicine”, died here. Today, Larissa is an important commercial, transportation, educational, agricultural and industrial centre of Greece.
The financial stability of Larissa 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 Larissa
Renting out your Larissa buy-to-rent investment property can grow wealth and income.
Whatever your goals with investment property in Larissa are – preparation is key.
With our expert guidance, investing in Larissa provides the secure knowledge that your money is working harder than it would in a local Larissa 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 Larissa, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Larissa property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.
Flipping Investment Property in Larissa
Flipping property in Larissa
Flipping property is when we advise clients to buy a Larissa 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 Larissa market has a time to react to the renovation.
The Flipping Strategy in Larissa
Investment property flipping in Larissa 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 Larissa real estate investments are sometimes referred to by professionals as ‘distressed’ Larissa real estate.
What is distressed Larissa property:
- Larissa property in need of renovation
- Larissa real estate with a change of purpose and use
- Oversold Larissa property
- Bank repossessions in Larissa
Put simply, long term investors in Larissa purchase the property, renovate it and make it a lot more attractive to potential buyers.
Calculate profit that you make from Larissa investment property flipping:
Final Selling Price less Cost of Purchase less Costs = Profit
Here is an example:
Larissa property purchase price: $220,000
Renovation costs: $20,000
Other costs: $25,000
Property sale price: $400,000
Experienced property developers in Larissa use a minimum profit value of 22% when looking at potential Larissa projects.
The reason for this is because there are lots that can go wrong in Larissa property flipping and working on a potential margin of 22% should still leave a good margin of error.
Invest through a Fund in Larissa
Property Secured Investments is a Private Equity fund that invests in Larissa 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 Larissa
For luxury property investors hoping to add a superb property in Larissa 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 Larissa, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Larissa should be entrusted to only the highest-quality agency.