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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
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
What pitfalls are fraught with high yield?
According to the data of the German Institute for Economic Research (Deutsche Institut für Wirtschaftsforschung), in every fourth case, real estate brings a zero return, and every twelfth investment is unprofitable. One of the most frequent reasons for unsuccessful investments is the pursuit of high returns. The profitability and risks of real estate investments are directly dependent: the higher the profitability of the object, the greater the risks, and vice versa. Continue reading