What does investing in real estate mean?
Investing in a property in Chania implies that by buying it you can rent it to receive a passive income or sell it and receive the surplus value from the resale. Real estate is considered to be: Lands, buildings, infrastructure and generally any tangible property that is usually real estate but transferable. The options you will find in the market will probably be many, but you need to pay special attention to the property that you will invest. As strategically you decide, the more profitable your investment will be. Our team is staffed by specialized professionals who will guide you through each step, and will be by your side throughout the process of buying or selling the property. By providing legal framework, investment advice and any work required to maximize the return on your investment.
Why choose Chania for real estate investment?
Chania is the second largest city in Crete with more than 100,000 inhabitants. It is considered one of the oldest cities of this island with a huge and turbulent history, with the Venetian port, the lighthouse and the idyllic beaches becoming an attraction for thousands of visitors each year, ranking it as one of the most picturesque cities in the whole island of Crete.
Its climate is Mediterranean, contributing dramatically to the increase of tourism from spring to the end of autumn. It is impressive that every year it attracts thousands of tourists, even in the period of 2021 the number of arrivals was surprisingly large, although COVID 19 caused great upheaval in the decisions of travelers. In recent years, Chania is considered one of the top travel destinations in Europe, entering the list of famous magazines every year. For this reason, the tourism industry is considered one of the most profitable sectors in Crete, with most of the residents but also a huge flow of investors from abroad to finance in hotel accommodation, villas and restaurants.
6 reasons to invest your capital in a real estate market in Crete
Do you have some money saved or a property but do not know how to manage your property ? Below we will analyze some key components that make investing in real estate not only safe but also very profitable.
1. Passive income
From the moment you start renting your property, you will start to receive passive income which is considered a great source of income worldwide. Every month you will receive an x amount and if you choose an area with a competitive geographical location, your income will double as time goes with almost zero risk of failing or losing your money. Remember usually the size of your income will depend on the investment option you decide.
What will you gain by receiving a passive income?
- Savings package
- Repaying your debt
- Pension fund
- College capital
2. LONG-TERM INVESTMENT
Investing in real estate is considered one of the safest investments in the world. You will see your investments take shape in the long run. Buying a property now is considered a smart solution, especially in an area like Chania, where the value of the land is increases constantly, bringing greater value to your property and higher efficiency. You can consult the specialized team of Atlas Group at any time you want to become an investor.
3. BENEFITS AGAINST INFLATION
Investing your capital in real estate protects the value of your capital from the risk of a possible rise in inflation. So if you operate it as a business (e.g. Airbnb) or as a monthly rent. With the increase of inflation this will accordingly increase the value of the property and the rental prices.
4. BOSS OF YOURSELF
You can make your property a source of income and at the same time be a boss, you will manage your property and you will exclusively earn your profits. There are many functions that you can use on your property and its performance will depend on how you manage it.
5. CREATION OF SURPLUS VALUE
Value creation occurs when you sell your property at a price higher than the price you bought. It can be fully understood that this surplus value offers you the ability to become x rich in advance. This money will help you invest in bigger investment projects.
6. TAX ADVANTAGES
You may not be aware that there are state taxes that serve potential investors. There are two categories of property owners, natural persons and legal entities each category is subject to a different tax scale.
Investing in real estate is undoubtedly considered value for money, as long as it is strategic. See our properties and get information from the property market in Chania now!