Investment Property in Volos

Investment Real Estate in Volos

Volos 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 Volos .

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Search Map of Volos Investment Real Estate

Volos (Greek: Βόλος [ˈvolos]) is a coastal port city in Thessaly situated midway on the Greek mainland, about 330 kilometres (205 miles) north of Athens and 220 kilometres (137 miles) south of Thessaloniki. It is the sixth most populous city of Greece. It is the capital of the Magnesia regional unit of Thessaly Region. Volos is the only outlet to the sea from Thessaly, the country’s largest agricultural region. With a population of 144,449 (2011), it is an important industrial centre, while its port provides a bridge between Europe and Asia.

Volos is the newest of the Greek port cities, with a large proportion of modern buildings erected following the catastrophic earthquakes of 1955. It includes the municipal units of Volos, Nea Ionia and Iolkos, as well as smaller suburban communities. The economy of the city is based on manufacturing, trade, services and tourism. Home to the University of Thessaly, the city also offers facilities for conferences, exhibitions and major sporting, cultural and scientific events. Volos participated in the 2004 Olympic Games, and the city has since played host to other athletic events, such as the European Athletic Championships. Volos hosted the 7th International Olympiad on Astronomy and Astrophysics from 27 July to 5 August 2013.

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The financial stability of Volos 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 Volos

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

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

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

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

Flipping Investment Property in Volos

Flipping property in Volos

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

The Flipping Strategy in Volos

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

What is distressed Volos property:

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

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

Calculate profit that you make from Volos investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

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

Luxury Property in Volos

For luxury property investors hoping to add a superb property in Volos 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 Volos, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Volos should be entrusted to only the highest-quality agency.

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