Bank of Greece
Top 10 locations in Greece, where the profit from daily rent grew the most
Profit from short-term rentals in Greece over the past two years has grown stronger in locations less popular with tourists – analysts of AirDNA, a service that processes ads published on the Airbnb portal, reached this conclusion.
To compile a rating, AirDNA specialists used RevPAR (revenue per available room) indicator – it reflects the landlord’s income per month excluding maintenance and tax costs (the cost of daily rent multiplied by the occupancy of the apartment or house per month). Analysts calculated how the rental income in all locations in Greece, where more than 100 Airbnb ads were published, changed over the two years: from July 2016 to June 2018. Continue reading
Save on lawyers later, and not at the beginning: Dew-diligence of commercial real estate in Germany
German real estate is one of the most reliable assets in Europe. Partly because of this, modern Germany is considered to be the seller’s market: good properties are bought up quickly, and in most cases, realtors prefer to work with local customers. Another thing is larger and more risky transactions: for example, for objects with a low yield, but located in a prestigious place, foreign investors are often ready to offer a higher price than the Germans. Such a property should be checked especially carefully by the buyer – the procedure for evaluating the object is called due diligence (from English. “Due diligence”). Continue reading
European hotel market: where to invest more profitable?
More and more people travel the world. According to the World Tourism Organization (UNWTO), in 2017 the number of international arrivals in the world reached a record 1.3 billion. The most significant increase was in Europe, where the number of arrivals on an annualized basis increased by 8% to 671 million. Experts attribute the growing popularity of European countries stabilizing the economic situation in the Eurozone and increasing the number of tourists from the United States, China and Russia. Continue reading