Investment Property in Larissa

Invest in Real Estate in Larissa

Investment Property in Larissa
Investment Property 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.

 

  • Set goals based on how much rental yield will be required and the local rental yield rates in Larissa and be prepared to change your initial outlook.
  • Thoroughly research the Larissa location with a special emphasis on fringe areas outside the main Larissa metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Larissa.
  • Ensure that your target investment property in Larissa 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 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

Profit: $135,000

 

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.

Compare listings

Compare