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
Rental business in Germany: what does an investor need to know before buying?
The German real estate market is one of the most stable in the world. Today it’s a seller’s market: there are fewer facilities here than investors who want to buy them. The easiest investment option is to buy residential property for rent, which will bring the investor an average of 2-3% per annum. Low profitability is compensated by high liquidity: the object can be easily and quickly sold at any time. What else does an investor need to know before buying a profitable property in Germany? Continue reading
Business in Athens: not a catastrophe, but an opportunity
Greece returns business confidence. In February 2018, the international rating agency Moody’s raised the rating of the issuer of Greece from Caa2 to B3. The volume of foreign direct investment in Greece, according to the official Greece Agency Enterprise Greece, grew by 30% in 2017 compared to 2016 and reached 3.6 billion euros. Greece’s GDP has been growing for the fourth quarter in a row, and, according to forecasts of the European Commission, the Greek economy will continue to grow by 2.5% per annum in 2018 and 2019. The disposable income per capita, according to estimates of the European Central Bank (ECB), in 2017 increased for the first time in five years. Continue reading
Areas of Athens: where to look for real estate with potential
For Greece, the worst is over, says Deutsche Bank CEO John Krayan. “The light is finally visible at the end of the tunnel. The forecast for 2018 remains positive, but the road to full recovery will be long and difficult, ”the Greek publication Ekathimerini quotes him. The statistical agency published data on the dynamics of Greece’s GDP in 2017: for the first time after an eight-year recession, Greek GDP grew four quarters in a row. 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
