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1 Bedroom Apartment For Sale - Guide Price €10,000

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Greece! A chance to invest in, and be a part of, the rebirth and regeneration of a great country, rich in history and full of opportunity.
Greece is a chance for high return on investment in a property market which has just started to recover and rise following the economic crisis. Greece offers potential high demand for long and short term rentals with an almost year round tourist season maintain this demand...
Our new project in Athens is creating new opportunities for prosperity, for foreign investors and locals alike, to work together in harmony promoting local talented artists, sculptors, architects and craftsmen - all applying our international vision and mixing it with local materials, design and talent to develop the best real estate opportunities in the areas of Athens most ripe for regeneration.

1. To buy over 100 neglected apartments in one area in central Athens, improve the areas reputation, increase the revenue and capital value.
2. Bring new ideas into developing the area - design, architecture and eco-friendly materials.
3. Create job opportunities for local artists & craftsmen.
4. Efficient, transparent and cost efficient management of assets using state of the art tech platforms incorporating Blockchain technology and AI.

Development concept
The acquired neglected apartments will be individually designed with architectural concepts inspired by the Greek islands, designed and created by Athenian artists and craftsmen using recycled and eco-friendly materials where possible. Concepts will avoid elements of mass production, instead focussing on individually designed, bespoke projects.

Expenses Example
1. Acquisition Example 3 Apartment, 45 sqm. 10,000 euros
2. Legal costs 1,500 euros (includes lawyer & notary)
3. Agency & Introduction fees 2,000 euros
4. Annual Tax 500 euros
5. Development costs 6,000 euros 20,000 euros. An average monthly yield of 600 euros if rented as a holiday apartment.
An average monthly Yield of 250 euros if rented on a long term basis.
We will be happy to assist you during the acquisition / refurbishment / rental or sale

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Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.