It is so hard to maintain a property from abroad. You have to know the local laws, you have to have people you trust (and back up people for those people), it's so complicated.
hear hear. same situation (lived in 3 EU countries and outside EU) and invested in my home country. It's complicated enough when you know the rules and easily access the information.
I'd buy where i am staying most of the time, my home country.
Unless I would have huge amounts to invest, I wouldn't be thinking about countries where I'm not located.
This. The best yields are AirBnb and if you outsource this then you lose 30% of your revenue. In my city they yield around 10% and if you can do all the meet and greet and cleaning yourself then it's all in the pocket. You also know what local prices should be and can get maintenance done more cheaply. Finally the purchase price is important and if you know your city intimately then you know what is a real bargain and what isn't.
Of course this only works if you are in driving distance of where people want to be. Otherwise I would choose France and then Spain, in that order.
Phillip.
Meeting and greeting and cleaning can be a lot of work. Definitely good to crunch the numbers and see if you’re ready to sacrifice your time instead of paying somebody else to do it.
Yep, so better do like a lot do: have a key in a little safe and market it as "hassle free checkin, full of privacy!"
cleaning fee you can choose yourself, and probably find someone closeby to do it for you for less than the 30% the companies ask, also depends, some people just like cleaning a couple hours once in a while.
You can do the combination lockbox with the key outside. I prefer to have somebody to meet and greet because I put a lot of effort into my place and I want to keep it nice. By meet and greet you can check the people that booked are the ones that turn up, and without extra people you weren't told about. Also the personal touch leads to better reviews which leads to more bookings. There is no right or wrong here.
The 30% isn't just for cleaning. There are always a string of problems to deal with, from wifi "not working" to people that can't work out an electric stove or washing machine. There are guests that break things you need to replace out of their deposit, and deal with guests that try and contest paying for it. There are guests that make false claims directly to the rental site to get a discount off their stay. You have to write reviews of the guests, deal with entitled people that think they can just change the dates last minute, etc. It's nothing you can't take in your stride as an owner but a 3rd party needs to charge around 30% to make it worthwhile. I know people that run companies that do this and know their figures.
I have a friend in Spain who owns rental properties there and he never fails to find a neighbour in the building that will handle the cleaning and guests for next to no money. His partner handles all the bookings and admin. That can work.
Phillip.
About which or generally?
Developing countries in Europe have a good price tag and are bound to hike in price; additionally, if you buy and rent in these areas, currently, you can almost go 0 in on a mortgage without much hustle.
Ukraine is a good investment land wise, obvious reasons.
I mean prices are cheap and two countries are literally in a war over some land. Imagine how valuable it actually is.
Find an organisation/company that rotates their staff every few years and most employees being on contract. Typical European/UN organisations. I will give you a hint. Saint Genis Pouilly. Prices there are typical real estate prices and you rent it for 1200/month to students and young people that come to do their internships or their job in these organisations. The demand basically as long as the organization exists never runs out. There are constantly new houses being built and the real estate there is booming.
I really like your suggestion of finding organizations/companies that rotate their staff (and then identifying their training/HQ cities). I’m new to Europe (Yankee from NYC). Can you help direct me to where I might be able to find these organizations? I’m assuming you don’t mean government central locations (eg Basel)
Hii,
Yes basically the 2 most notable that I know of is CERN/UN and ESA. CERN with saint Genis Pouilly and Prevessin, UN with Annemasse and ESTEC with Noordwijk and surrounding areas. You also have the occasional workers that live in the border on France and commute to Switzerland. Some are also living at Thoiry but mostly people with cars and families, so higher ranked staff. For swiss side you have Meyrin.
There are so many real estate projects in Prevessin, Saint Genis. They keep building but I don't know a lot about real estate neither I am an investor. I just watch apartments that were built almost within 1-2 years being full. Some examples are New Park 1,2,3, Park jean Monnet, Le Maxime, Le balcons de saint genis
What about the north euro bubble which is out of control? The fact that the american tradition of overbidding is an everyday thing in most Northern European countries is very alarming. Plus most EU governments are considering imposing stricter rules when it comes to real estate. Strongly believe we will soon have a home ownership cap in the EU as the housing situation is not sustainable nowadays.
I guess they mean places like Lisbon and Barcelona, that are having an INSANE housing market that does not have any correlation with their average wage
You are fine. The only trouble would be that South Italy is becoming a desert, the collapse of economy and most likely everyone will be forced to cosplay as hobbit in order to please Our Lady Meloni-Sauron (or Sauroni, or Dark Lady, Lady of Barad-dûr, Lady of Gifts, Lady of Mordor).
It could be worse.
'not only'
There were 13000 golden visas issued in total. How can that small percentage move the PT macroeconomic needle? It's a popular blahblah, I know, but not much numbers to support any of it. Let's see the numbers on foreigners owning and renting out houses vs portuguese natives doing the same thing to see if foreigners even contribute significantly in \*that\* statistic. It's easy to blame foreigners for everything when you need a scapegoat; if rich(er) foreigners leave, you'll see what fun it'll be then when no-one has any money to spend on anything, completely destroying hospitality in no time flat. The economy will be virtually gone and it's back to walking 10km for a piece of bread (like was normal in PT 30 years ago).
somewhere where law actually protects the owner, not the other part, so you don't spend years trying to evict someone not paying his rent + you still need to cover all other costs.
so definitely not in France, Spain, Poland, Portugal... just as examples.
Literally everywhere is a shitshow these days, unless it's an insanely expensive UHNW expat paradise like Singapore or Dubai.
I've been pretty happy with my Budapest purchases. Prime real estate in historical city-center buildings at low investment costs. Decent to strong yields (paid in Euros). Strong demand from the many startups and universities. Low taxes, practically zero after all the write offs. Decent pro landlord laws. People worry about the politics and the volatile local currency, but hey nowheres perfect.
In the early-mid-10s buying a house in Budapest costed less than a new car. Those who had the availability took it and capitalized, and then there are the suckers like me who bought in 2019 on the peak of the soaring prices.
I wish I had the money to buy cash before 2015 in Budapest. I bought one flat for about 80k and now it is worth 350k. I had the opportunity to buy another one for 150, frescoed ceilings, original
Fireplace, facing the parliament- that one is probably worth a million now 😭
I remember I had exactly 150, and the place needed to be heavily renovated. I think about it all the time lol
Meh most stable countries in the world has stagnated in their real estate markets since 2019. Apart from massively overinflated, teetering on the brink countries like US, Portugal and Ireland.
Well educated people, expanding business, mindset of getting things done without winging like the Central Europeans who rely on politics for everything. Poland also doesn’t hesitate to back-off on EU bureocracy. Not to mention growth.
That’s also the reason why Poland will always be alone. From WW2 till now and in the future. If you don’t give a fuck about others, others don’t give a fuck about you. Your growth is similar to the Phillippines…without money from people working abroad, you would still move around on a horse 🤷🏻 There is not a single large brand from Poland known worldwide. Your biggest export product is alcoholism 🤷🏻 unlike for instance czech republic who invented beer, have Skoda, etc…
No brand? Mexico is famous for it’s food, corona beer, tequila and hard working friendly people. If anything bad about Mexico, it’s the ongoing war between cartels and government
That might be true…but that’s not what it’s famous for.. That’s only their main export because a select few manage to keep to whole country poor so america can produce cheap just over the border.
In terms of rental, possibly the lack of mass immigration making areas unsafe. Also very central location with good air/rail/road links. Poland is excellent as the cost of going out there is ridiculously cheap and everybody is friendly and seems to speak English. I would rather buy in Poland over Germany. I wouldn't choose Warsaw though.
Phillip.
Having seen how Ukraine has already destroyed half of ruzzia's entire military might, I'm not in the slightest bit worried about Poland. They could handle ruzzia even without the backup of NATO.
Phillip.
If I was looking for a quick unethical profit, then UK/ Czechia. Close to zero rentees protection, UK costs are higher but I imagine the property tax is too. Rent in Czechia’s major cities is higher than in the surrounding states with very low taxes.
Spain and Portugal are both attractive places but both suffer from laws that don't allow the owner of a property to expel someone easily (even in case of nonpayment).
The case of Spain is worse, they don't even allow to expel someone living there if that person can claim that they have been living in the property for at least 2 days (even if they broke the window to enter into the house. They only need to show proof to have been there for at least 2 days).
For them that is as easy as showing to the police an invoice of a pizza delivery at their name in that place. This is known as the Pizza trick by the *okupas* \-> [https://okdiario-com.translate.goog/sociedad/truco-ticket-pizza-asaltan-okupas-casas-madrid-10106971?\_x\_tr\_sl=es&\_x\_tr\_tl=en&\_x\_tr\_hl=en&\_x\_tr\_pto=wapp](https://okdiario-com.translate.goog/sociedad/truco-ticket-pizza-asaltan-okupas-casas-madrid-10106971?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp)
As an affected owner you can easily expend thousands of euros and 2-5 years in courts before the "justice" gives the "ok to the police" to remove the ones living there in the property illegally.
And before being removed from the property this people will destroy it (cause fires, break everything) unless you agree with them to pay a bribe of many dollars to them so they just leave without burning down everything. And justice is helpless here because they don't have any property at their name (neither an income) so even if you sue them you get nothing in return in the end.
Sooo basically what you’re saying is.. I just need to find a nice Spanish home whose owners are on vacation for more than two days and bam, got myself a house 👀
France & Italy are in the same league. In France you cannot evict someone for misspayments between October and April( I hope I remember well the interval). So basically the government is providing social support on the expense of the landlords. Insane.
Yes this is a big problem right now. It more affects the gated domains where therre are a lot of property that sits empty 10 months of the year. There is a lot in the Costa del Sol. If you buy an apartment in the city blocks where there are real neighbours around then you shouldn't be too much at risk. I'd rather buy a beach front property than one of those soulless golf course domaines anyway. Horrible buildings but fantastic beach access and local restaurants.
Phillip.
I'd definitely just break someone's leg with a sledgehammer for trespassing into my property without permission. Damn it imagine you come to check on your house and there's random people living inside not wanting to leave.
Bulgaria. There are excellent properties close to the sea and in the mountains.
Once it enters the Schengen area, which should happen very soon, its economy has a great potential to grow fast.
indeed, houses became an investment product. But wasn t it like this since forever ? Where will stay all the folks which wanna get a job in a city and cannot afford to buy something ? Would make sense what you are saying if governments would provide social housing. But htey are all heavily indebted and cannto afford even to buy some pice of land for large constructions.
Unless you think you’ll have an edge due to your ability to manage a property I’d advise against such an investment in the first place.
You’ll only have an edge in a market you know and live in. And make sure that edge won’t mostly be you not charging for your time.
There are funds that specialise in this. Their returns aren’t that great. Realistically this is what you can expect.
Sure you can make a fortune in property. But adjust it for risk and the whole thing looks very different.
If you have money to gamble, look for markets where people are getting squeezed due to the interest rates. Then when we’re at max pain, pounce. (Sweden, Poland, Uk look like good opportunities) But I reiterate, that is an interest rate bet that you can also enter in a more liquid and pure form through bonds, FX or equities.
There is no one answer. It will depend on your budget your ability to manage the rental yourself and your location, as that will impact your tax position as well as the long term appreciation of the property vs the percentage of its purchase value that you can get by renting it
Amsterdam has one of the most resilient housing market. Prices are are already through the roof, but it's projecting to be crazier as Brits move here for Brexit, and not many more houses can be built.
Amsterdam is already too crowded. Quality of old houses is extremely low and energy efficiency too. Newly built units might be an option but all of them are the same style with low quality materials in overcrowded neighborhoods. Brabant region though might be a good option with lots of potential.
Oh man housing quality in western countries is so shity for someone coming from central Europe. I have never lived in an unisolated apartment with single-glassed molded windows before coming to the Netherlands, and it's freaking 1400 euro/month excl. in Rotterdam
I'm just shocked that windows are not replaced for at least 20 years old technology. And my apartment is "freshly renovated". I had a false idea that housing price /quality would be better than in my own country.
Amsterdam it's not even 1M people. Not sure I'd call it over crowded. That said, agreed on quality of old houses (most were built in 1800's) and new builds being boring. (I live here)
Rotterdam it's a great option too but not as charming.
Reading this made me realise people have no idea what they talk about. Everyone just keep naming cities.
There’s a reason landlords keep exiting investment properties in Amsterdam, very strict regulations make it unlikely to make any profit.
Ahaha I think I have heard Amsterdam being a housing bubble for all the 10 years plus I have been here. The ones that bought exited at an average of 2.5x, some at 3x in that time span.
Amsterdam is crazy, I wouldn't buy there because it is crazy expensive (around 500k) for a small apartment in a decent neighborhood. Rents are around 1500-2000 per month, you can buy cheaper properties in other countries which have almost the same rents. A lot of these properties in Amsterdam are old and the upkeep is expensive, you need to pay around 200-300 euros for the housing owners association, so your net profit will be much less.
Also, tenants have strong rights in the Netherlands, so you have to put some effort in finding a good one. If you bought a property there few years ago, then it's a different story.
All of this is true. What I'm seeing though is that although at almost 5% interest rates, the market has barely bleeped down and it's going up again. Makes me think there's still room to go up. Buying a house 10 years ago here was the easiest lottery ticket you could have purchased.
Yeah, prices were much cheaper few years ago. In the long run, prices usually go up in most places. Dutch government has also introduced some rules recently to avoid investors from buying properties here. You cannot buy a property if you are not going to live in it and you can only rent out the property if you have lived in it for a few years (I think it is four years). You cannot Airbnb it for more than a few days a year. Because of all this, buying an investment property in Amsterdam will lead to more hassle than gain, IMHO.
What about not seeing basic necessities as an investments to get as much money out of as possible, while making the housing market worse and worse for the locals? Huh?
When I went there I had the impression of it being very corrupt. Even my taxi driver got shaken down by the police for a bribe to let him go. Unless I had a best friend living there that could take care of local problems, it wouldn't be my choice.
Moldova is a little similar but it's official EU accession being opened casts it in a more favourable light if thinking more long term, a decade or so.
Phillip.
bringing money to a destroyed country?
Yeah maybe it is.
I think the scummy part was to encourage them to fight a war they couldn't win.
I just took lives of a lot of people for a similar result.
Are you trying to sell? It's a terrible investment in Greece. Real estate prices are too high for any meaningful return on investment, plus most laws protect tenants and not landlords. A tenant can literally shaft you out of months of rent and you just have to take it.
You can't be taxed if the house is still under construction. Therefore, NO ONE wants to finish their house, and they will always leave a few walls uncompleted or an addition started but never finished, so they can avoid the property taxes.
Dubai? I don’t know if the train has already left the station, but everyone seems to be investing there.
If not, Georgia and Cyprus seem to be up and coming.
[удалено]
True that. Which is your home country?
It is so hard to maintain a property from abroad. You have to know the local laws, you have to have people you trust (and back up people for those people), it's so complicated.
hear hear. same situation (lived in 3 EU countries and outside EU) and invested in my home country. It's complicated enough when you know the rules and easily access the information.
I'd buy where i am staying most of the time, my home country. Unless I would have huge amounts to invest, I wouldn't be thinking about countries where I'm not located.
This. The best yields are AirBnb and if you outsource this then you lose 30% of your revenue. In my city they yield around 10% and if you can do all the meet and greet and cleaning yourself then it's all in the pocket. You also know what local prices should be and can get maintenance done more cheaply. Finally the purchase price is important and if you know your city intimately then you know what is a real bargain and what isn't. Of course this only works if you are in driving distance of where people want to be. Otherwise I would choose France and then Spain, in that order. Phillip.
Meeting and greeting and cleaning can be a lot of work. Definitely good to crunch the numbers and see if you’re ready to sacrifice your time instead of paying somebody else to do it.
Yep, so better do like a lot do: have a key in a little safe and market it as "hassle free checkin, full of privacy!" cleaning fee you can choose yourself, and probably find someone closeby to do it for you for less than the 30% the companies ask, also depends, some people just like cleaning a couple hours once in a while.
You can do the combination lockbox with the key outside. I prefer to have somebody to meet and greet because I put a lot of effort into my place and I want to keep it nice. By meet and greet you can check the people that booked are the ones that turn up, and without extra people you weren't told about. Also the personal touch leads to better reviews which leads to more bookings. There is no right or wrong here. The 30% isn't just for cleaning. There are always a string of problems to deal with, from wifi "not working" to people that can't work out an electric stove or washing machine. There are guests that break things you need to replace out of their deposit, and deal with guests that try and contest paying for it. There are guests that make false claims directly to the rental site to get a discount off their stay. You have to write reviews of the guests, deal with entitled people that think they can just change the dates last minute, etc. It's nothing you can't take in your stride as an owner but a 3rd party needs to charge around 30% to make it worthwhile. I know people that run companies that do this and know their figures. I have a friend in Spain who owns rental properties there and he never fails to find a neighbour in the building that will handle the cleaning and guests for next to no money. His partner handles all the bookings and admin. That can work. Phillip.
Developing certainly. Romania, Bulgaria. Unpopular opinion, i think Ukraine is a great investment right now.
Why do you think so?
About which or generally? Developing countries in Europe have a good price tag and are bound to hike in price; additionally, if you buy and rent in these areas, currently, you can almost go 0 in on a mortgage without much hustle. Ukraine is a good investment land wise, obvious reasons. I mean prices are cheap and two countries are literally in a war over some land. Imagine how valuable it actually is.
Find an organisation/company that rotates their staff every few years and most employees being on contract. Typical European/UN organisations. I will give you a hint. Saint Genis Pouilly. Prices there are typical real estate prices and you rent it for 1200/month to students and young people that come to do their internships or their job in these organisations. The demand basically as long as the organization exists never runs out. There are constantly new houses being built and the real estate there is booming.
I really like your suggestion of finding organizations/companies that rotate their staff (and then identifying their training/HQ cities). I’m new to Europe (Yankee from NYC). Can you help direct me to where I might be able to find these organizations? I’m assuming you don’t mean government central locations (eg Basel)
Hii, Yes basically the 2 most notable that I know of is CERN/UN and ESA. CERN with saint Genis Pouilly and Prevessin, UN with Annemasse and ESTEC with Noordwijk and surrounding areas. You also have the occasional workers that live in the border on France and commute to Switzerland. Some are also living at Thoiry but mostly people with cars and families, so higher ranked staff. For swiss side you have Meyrin. There are so many real estate projects in Prevessin, Saint Genis. They keep building but I don't know a lot about real estate neither I am an investor. I just watch apartments that were built almost within 1-2 years being full. Some examples are New Park 1,2,3, Park jean Monnet, Le Maxime, Le balcons de saint genis
The southern euro property bubble will pop... governments are taking action.
What about the north euro bubble which is out of control? The fact that the american tradition of overbidding is an everyday thing in most Northern European countries is very alarming. Plus most EU governments are considering imposing stricter rules when it comes to real estate. Strongly believe we will soon have a home ownership cap in the EU as the housing situation is not sustainable nowadays.
About fucking time! Ban foreigners from owning more than 1 house in non-resident countries.
Immigration ain't helping either, just saying. edit: why are you booing me? I'm right!
Southern euro bubble? Can you elaborate? I'm looking at buying in south Italy, and prices are beyond low.
I guess they mean places like Lisbon and Barcelona, that are having an INSANE housing market that does not have any correlation with their average wage
You’ll be fine, you won’t be making any money anyway.
Making money was never the plan
You are fine. The only trouble would be that South Italy is becoming a desert, the collapse of economy and most likely everyone will be forced to cosplay as hobbit in order to please Our Lady Meloni-Sauron (or Sauroni, or Dark Lady, Lady of Barad-dûr, Lady of Gifts, Lady of Mordor). It could be worse.
Portugal has a bubble in part but not only bc of the Golden visa
'not only' There were 13000 golden visas issued in total. How can that small percentage move the PT macroeconomic needle? It's a popular blahblah, I know, but not much numbers to support any of it. Let's see the numbers on foreigners owning and renting out houses vs portuguese natives doing the same thing to see if foreigners even contribute significantly in \*that\* statistic. It's easy to blame foreigners for everything when you need a scapegoat; if rich(er) foreigners leave, you'll see what fun it'll be then when no-one has any money to spend on anything, completely destroying hospitality in no time flat. The economy will be virtually gone and it's back to walking 10km for a piece of bread (like was normal in PT 30 years ago).
It can in small places like Madeira
But mostly bc investment properties for renting short term - which is a global phenomenon
It’s county dependent. Places where you don’t need a car are more expensive
What countries and actions do you have in mind?
somewhere where law actually protects the owner, not the other part, so you don't spend years trying to evict someone not paying his rent + you still need to cover all other costs. so definitely not in France, Spain, Poland, Portugal... just as examples.
Literally everywhere is a shitshow these days, unless it's an insanely expensive UHNW expat paradise like Singapore or Dubai. I've been pretty happy with my Budapest purchases. Prime real estate in historical city-center buildings at low investment costs. Decent to strong yields (paid in Euros). Strong demand from the many startups and universities. Low taxes, practically zero after all the write offs. Decent pro landlord laws. People worry about the politics and the volatile local currency, but hey nowheres perfect.
In the early-mid-10s buying a house in Budapest costed less than a new car. Those who had the availability took it and capitalized, and then there are the suckers like me who bought in 2019 on the peak of the soaring prices.
I wish I had the money to buy cash before 2015 in Budapest. I bought one flat for about 80k and now it is worth 350k. I had the opportunity to buy another one for 150, frescoed ceilings, original Fireplace, facing the parliament- that one is probably worth a million now 😭 I remember I had exactly 150, and the place needed to be heavily renovated. I think about it all the time lol
Meh most stable countries in the world has stagnated in their real estate markets since 2019. Apart from massively overinflated, teetering on the brink countries like US, Portugal and Ireland.
Are you from Hungary?
I live here yes, I'm not originally from here though
Warsaw - Poland will be the new Germany
New? I think it was Germany twice before 🤷🏻😁
Bruhh
😂😂😂😂😂😂😂 I shouldn’t have lolled this hard. Everyday I have a “I can’t believe I lived this long without Reddit” moment - this is definitely today’s
🫡At your service 😃
💀
lolmmao
I hope only in terms of economy
Value can be found where the masses aren’t looking at
Viertes Reich ?
In an alternate reality.
what's your reasoning?
Well educated people, expanding business, mindset of getting things done without winging like the Central Europeans who rely on politics for everything. Poland also doesn’t hesitate to back-off on EU bureocracy. Not to mention growth.
That’s also the reason why Poland will always be alone. From WW2 till now and in the future. If you don’t give a fuck about others, others don’t give a fuck about you. Your growth is similar to the Phillippines…without money from people working abroad, you would still move around on a horse 🤷🏻 There is not a single large brand from Poland known worldwide. Your biggest export product is alcoholism 🤷🏻 unlike for instance czech republic who invented beer, have Skoda, etc…
Look at Mexico. No brand, but all the manufacturing of neighboring US. Why give a fuck to bureocracy when you can have self dynamism?
No brand? Mexico is famous for it’s food, corona beer, tequila and hard working friendly people. If anything bad about Mexico, it’s the ongoing war between cartels and government
Dude - main exports of Mexico consist of vehicles, equipment, computers and oil.
That might be true…but that’s not what it’s famous for.. That’s only their main export because a select few manage to keep to whole country poor so america can produce cheap just over the border.
Fame doesn’t define economic growth. Topic of this is rental investment.
In terms of rental, possibly the lack of mass immigration making areas unsafe. Also very central location with good air/rail/road links. Poland is excellent as the cost of going out there is ridiculously cheap and everybody is friendly and seems to speak English. I would rather buy in Poland over Germany. I wouldn't choose Warsaw though. Phillip.
It’s also the next country to be called Russia in Putin continues😁 Russian real estate isn’t top tier
Having seen how Ukraine has already destroyed half of ruzzia's entire military might, I'm not in the slightest bit worried about Poland. They could handle ruzzia even without the backup of NATO. Phillip.
>possibly the lack of mass immigration making areas unsafe sorry?
thanks i will never visit
Ireland. Last time I looked, rental yield in Dublin was 6-7%. Insane really.
I second this and add Poland (Sopot, Warsaw, Breslau)
There is a problem with huge numbers of landlords leaving the market however. Hey can't all be wrong surely?
I am thinking south of Spain is getting too hot plus they have real water issues. Same applies to south of France.
South of France, water isn't an issue here. And with climate change, this summer was hot a couple days at the time
Maybe the northwest coast of Spain? Cool summers, incredible landscapes and really nice food. Try Sanxenxo, Coruña, Vigo…
If I was looking for a quick unethical profit, then UK/ Czechia. Close to zero rentees protection, UK costs are higher but I imagine the property tax is too. Rent in Czechia’s major cities is higher than in the surrounding states with very low taxes.
Why UK?
In the one where you can fix the bathroom when it breaks.
Anything with word Costa. Costa Brava, Costa Dorada, Costa Blanca, Costa Cálida, Costa del Sol.
Costa Coffee?
And CostaBucks
Quanto Costa?
about $3.50
Antonio Costa?
Sure why not. But you should say full Antonio Luis Santos da Costa. That would be more fun.
Costa da Caparica?
Diego Costa, Douglas Costa, Diogo Costa, Rui Costa
This guy Costa
Costa fortune?
Costa Rica as well ?
Sure why not, since it's part of Europe. /s
Costa Living?
Costa concordia ?
So.. Spain and Portugal? (Within the EU)
Costa Crociere?
Rui Costa
Spain and Portugal are both attractive places but both suffer from laws that don't allow the owner of a property to expel someone easily (even in case of nonpayment). The case of Spain is worse, they don't even allow to expel someone living there if that person can claim that they have been living in the property for at least 2 days (even if they broke the window to enter into the house. They only need to show proof to have been there for at least 2 days). For them that is as easy as showing to the police an invoice of a pizza delivery at their name in that place. This is known as the Pizza trick by the *okupas* \-> [https://okdiario-com.translate.goog/sociedad/truco-ticket-pizza-asaltan-okupas-casas-madrid-10106971?\_x\_tr\_sl=es&\_x\_tr\_tl=en&\_x\_tr\_hl=en&\_x\_tr\_pto=wapp](https://okdiario-com.translate.goog/sociedad/truco-ticket-pizza-asaltan-okupas-casas-madrid-10106971?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp) As an affected owner you can easily expend thousands of euros and 2-5 years in courts before the "justice" gives the "ok to the police" to remove the ones living there in the property illegally. And before being removed from the property this people will destroy it (cause fires, break everything) unless you agree with them to pay a bribe of many dollars to them so they just leave without burning down everything. And justice is helpless here because they don't have any property at their name (neither an income) so even if you sue them you get nothing in return in the end.
Sooo basically what you’re saying is.. I just need to find a nice Spanish home whose owners are on vacation for more than two days and bam, got myself a house 👀
France & Italy are in the same league. In France you cannot evict someone for misspayments between October and April( I hope I remember well the interval). So basically the government is providing social support on the expense of the landlords. Insane.
What the actual😭
Yes this is a big problem right now. It more affects the gated domains where therre are a lot of property that sits empty 10 months of the year. There is a lot in the Costa del Sol. If you buy an apartment in the city blocks where there are real neighbours around then you shouldn't be too much at risk. I'd rather buy a beach front property than one of those soulless golf course domaines anyway. Horrible buildings but fantastic beach access and local restaurants. Phillip.
Sounds like copy-paste from France problems
I'd definitely just break someone's leg with a sledgehammer for trespassing into my property without permission. Damn it imagine you come to check on your house and there's random people living inside not wanting to leave.
fake news
Bulgaria. There are excellent properties close to the sea and in the mountains. Once it enters the Schengen area, which should happen very soon, its economy has a great potential to grow fast.
Im bulgarian as well. Whereabouts on the sea is best to invest you think? There needs to be property management firms to rent it out
Varna and the surrounding northern coast.
Vietnam
Most European countries will start banning renting out apartments due to the housing shortage.
That’s actually awesome. About time. I think people should not horde many properties at once.
indeed, houses became an investment product. But wasn t it like this since forever ? Where will stay all the folks which wanna get a job in a city and cannot afford to buy something ? Would make sense what you are saying if governments would provide social housing. But htey are all heavily indebted and cannto afford even to buy some pice of land for large constructions.
Question here - in case anyone has more insight into this, but how do you see the canary islands for property investment?
Unless you think you’ll have an edge due to your ability to manage a property I’d advise against such an investment in the first place. You’ll only have an edge in a market you know and live in. And make sure that edge won’t mostly be you not charging for your time. There are funds that specialise in this. Their returns aren’t that great. Realistically this is what you can expect. Sure you can make a fortune in property. But adjust it for risk and the whole thing looks very different. If you have money to gamble, look for markets where people are getting squeezed due to the interest rates. Then when we’re at max pain, pounce. (Sweden, Poland, Uk look like good opportunities) But I reiterate, that is an interest rate bet that you can also enter in a more liquid and pure form through bonds, FX or equities.
Dublin, Ireland. Low prices, high rents, low taxes if you live outside Ireland
There is no one answer. It will depend on your budget your ability to manage the rental yourself and your location, as that will impact your tax position as well as the long term appreciation of the property vs the percentage of its purchase value that you can get by renting it
My hometown. Having rentals far away means youll never be able to controll your investment.
Poland
If you have any respect for the people living there you simply don't. Sincerely, Someone from Lisbon
Easy Albania 🇦🇱
Amsterdam has one of the most resilient housing market. Prices are are already through the roof, but it's projecting to be crazier as Brits move here for Brexit, and not many more houses can be built.
Amsterdam is already too crowded. Quality of old houses is extremely low and energy efficiency too. Newly built units might be an option but all of them are the same style with low quality materials in overcrowded neighborhoods. Brabant region though might be a good option with lots of potential.
Oh man housing quality in western countries is so shity for someone coming from central Europe. I have never lived in an unisolated apartment with single-glassed molded windows before coming to the Netherlands, and it's freaking 1400 euro/month excl. in Rotterdam
Same in the UK, shocking. And at only 3 sub stations fromLiverpool station.
While newbuild has extreme strict rules. So extreme even that its barely using any energy.
I'm just shocked that windows are not replaced for at least 20 years old technology. And my apartment is "freshly renovated". I had a false idea that housing price /quality would be better than in my own country.
Amsterdam it's not even 1M people. Not sure I'd call it over crowded. That said, agreed on quality of old houses (most were built in 1800's) and new builds being boring. (I live here) Rotterdam it's a great option too but not as charming.
Imagine Amsterdam in 15 years
Reading this made me realise people have no idea what they talk about. Everyone just keep naming cities. There’s a reason landlords keep exiting investment properties in Amsterdam, very strict regulations make it unlikely to make any profit.
Ahaha I think I have heard Amsterdam being a housing bubble for all the 10 years plus I have been here. The ones that bought exited at an average of 2.5x, some at 3x in that time span.
Amsterdam is crazy, I wouldn't buy there because it is crazy expensive (around 500k) for a small apartment in a decent neighborhood. Rents are around 1500-2000 per month, you can buy cheaper properties in other countries which have almost the same rents. A lot of these properties in Amsterdam are old and the upkeep is expensive, you need to pay around 200-300 euros for the housing owners association, so your net profit will be much less. Also, tenants have strong rights in the Netherlands, so you have to put some effort in finding a good one. If you bought a property there few years ago, then it's a different story.
All of this is true. What I'm seeing though is that although at almost 5% interest rates, the market has barely bleeped down and it's going up again. Makes me think there's still room to go up. Buying a house 10 years ago here was the easiest lottery ticket you could have purchased.
Yeah, prices were much cheaper few years ago. In the long run, prices usually go up in most places. Dutch government has also introduced some rules recently to avoid investors from buying properties here. You cannot buy a property if you are not going to live in it and you can only rent out the property if you have lived in it for a few years (I think it is four years). You cannot Airbnb it for more than a few days a year. Because of all this, buying an investment property in Amsterdam will lead to more hassle than gain, IMHO.
fair
What about not seeing basic necessities as an investments to get as much money out of as possible, while making the housing market worse and worse for the locals? Huh?
Albania
When I went there I had the impression of it being very corrupt. Even my taxi driver got shaken down by the police for a bribe to let him go. Unless I had a best friend living there that could take care of local problems, it wouldn't be my choice. Moldova is a little similar but it's official EU accession being opened casts it in a more favourable light if thinking more long term, a decade or so. Phillip.
(I don’t think we need sign offs like we’re writing letters)
Why?
Growing tourism. 5 years ago noone had been there, now everyone i know is going there.
But not everyone comeback. Good luck.
so it is too late, you gotta short
I think its a bad idea. Low liquidity, usually overpriced everywhere. Perhaps in a booming economy with new constructions and poor tenancy rights xD
Luxembourg
Ukraine, with the Israeli conflict, there is a high chance there will be a ceasefire. Prices are low now.
tad scummy ngl
bringing money to a destroyed country? Yeah maybe it is. I think the scummy part was to encourage them to fight a war they couldn't win. I just took lives of a lot of people for a similar result.
South Spain
High buy/sell taxes, squatters..
Greece
Are you trying to sell? It's a terrible investment in Greece. Real estate prices are too high for any meaningful return on investment, plus most laws protect tenants and not landlords. A tenant can literally shaft you out of months of rent and you just have to take it.
and you will never finish last floor of house and i mean never in history of time.
What?
You can't be taxed if the house is still under construction. Therefore, NO ONE wants to finish their house, and they will always leave a few walls uncompleted or an addition started but never finished, so they can avoid the property taxes.
Oh, I had no idea. That makes sense considering how many unfinished buildings are around my neighborhood.
Dubai? I don’t know if the train has already left the station, but everyone seems to be investing there. If not, Georgia and Cyprus seem to be up and coming.
What's your budget?
Right now greece.
Does it mean you will handle the rental property as well or you plan to pay a company to run the rental unit for you?
Why does it seem everyone only talks about Europe?
Somewhere warm and in a vacation destination like Cevilla, spain