Investment Property in Gondar

Investment Real Estate in Gondar

Investment Property in Gondar
Investment Property in Gondar

Gondar 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 Gondar .

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Search Map of Gondar Investment Real Estate

Gondar or Gonder (Amharic: ጎንደር, Gonder or Gondär; formerly ጐንደር, Gʷandar or Gʷender) is a city and woreda in Amhara Region, Ethiopia. Located in the Semien Gondar Zone of the Amhara Region, Gondar is north of Tana Lake on the Lesser Angereb River and southwest of the Simien Mountains, and located 2133 meters above sea level. As of 2016, Gondar has a population of 299,969.

Gondar previously served as the capital of both the Ethiopian Empire and the subsequent Begemder Province. The city holds the remains of several royal castles, including those in the Fasil Ghebbi UNESCO World Heritage Site for which Gondar has been called the “Camelot of Africa”.

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The financial stability of Gondar 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 Gondar

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

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

  • Set goals based on how much rental yield will be required and the local rental yield rates in Gondar and be prepared to change your initial outlook.
  • Thoroughly research the Gondar location with a special emphasis on fringe areas outside the main Gondar metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Gondar.
  • Ensure that your target investment property in Gondar 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 Gondar properties yourself is an easy option, but are these savings justifiable when you run into Gondar red tape? Physis Realty Gondar office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Gondar buy-to-rent sector.

With our expert guidance, investing in Gondar provides the secure knowledge that your money is working harder than it would in a local Gondar 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 Gondar, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Gondar property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Gondar

Flipping property in Gondar

Flipping property is when we advise clients to buy a Gondar 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 Gondar market has a time to react to the renovation.

The Flipping Strategy in Gondar

Investment property flipping in Gondar 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 Gondar real estate investments are sometimes referred to by professionals as ‘distressed’ Gondar real estate.

What is distressed Gondar property:

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

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

Calculate profit that you make from Gondar investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

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

Luxury Property in Gondar

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

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

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