Investment Property in Basra

Investment Real Estate in Basra

Investment Property in Basra
Investment Property in Basra

Basra property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Basra.

Get Our Latest List of Investment Property in Basra

Search Map of Basra Investment Real Estate

Basra (Arabic: ٱلْبَصْرَة‎, romanized: al-Baá¹£rah) is an Iraqi city located on the Shatt al-Arab. It had an estimated population of 1.4 million in 2018. Basra is also Iraq’s main port, although it does not have deep water access, which is handled at the port of Umm Qasr.

The city is one of the ports from which the fictional Sinbad the Sailor journeyed. It played an important role in early Islamic history and was built in 636. Basra is consistently one of the hottest cities in Iraq, with summer temperatures regularly exceeding 50 °C (122 °F). In April 2017, the Iraqi Parliament recognized Basra as Iraq’s economic capital.

Get Our Latest List of Investment Property in Basra

The financial stability of Basra has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Basra

Renting out your Basra buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in Basraare – preparation is key.

  • Set goals based on how much rental yield will be required and the local rental yield rates in Basra and be prepared to change your initial outlook.
  • Thoroughly research the Basra location with a special emphasis on fringe areas outside the main Basra metropolis that may be valued lower than their better-known neighbours. Rental yields of around 5% are still attainable in certain areas of Basra.
  • Ensure that your target investment property in Basra appeals to professionals. This is a demographic that ensures maximum income and low voids.
  • Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
  • You may think that managing your Basra properties yourself is an easy option, but are these savings justifiable when you run into Basra red tape? Physis Realty Basra office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Basra buy-to-rent sector.

With our expert guidance, investing in Basra provides the secure knowledge that your money is working harder than it would in a local Basra bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Basra, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Basra property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Basra

Flipping property in Basra

Flipping property is when we advise clients to buy a Basra property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Basra market has a time to react to the renovation.

The Flipping Strategy in Basra

Investment property flipping in Basra is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Basra real estate investments are sometimes referred to by professionals as ‘distressed’ Basra real estate.

What is distressed Basra property:

  • Basra property in need of renovation
  • Basra real estate with a change of puropose and use
  • Oversold Basra property
  • Bank repossessions in Basra

Put simply, long term investors in Basra purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Basra investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Basra property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Basra use a minimum profit value of 22% when looking at potential Basra projects. The reason for this is because there are lots that can go wrong in Basra property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Basra

For luxury property investors hoping to add a superb property in {AsainCity} to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

Click Here for the Physis Realty Facebook Page

A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Basra, Physis Realty caters particularly to high net-worth individuals and families in Asia. A luxury real estate investment in Basra should be entrusted to only the highest-quality agency.

Get Our Latest List of Investment Property in Basra

Compare listings

Compare