🇬🇷 Get in touch with Angelina for Lesvos real estate and the Golden Visa in Greece: thewanderinginvestor.com/services/residency-and-citizenship-by-investment/invest-in-lesbos-real-estate-for-the-greek-golden-visa/
Excellent vidéo, thanks for sharing. I was wondering about the famous Greek plumbing. Do you typically install new pipes in these houses? Greek plumbing in old construction is probably the worst I’ve ever experienced.
I saw you mentioned Albania in your video,with all the recent construction projects such as Durres and Vlora marina,do you think there is an investment opportunity there?
Hello. Well, at 16:44, when you calculate the Net yield of the first house, you forget to mention the tax on rental, whether it's Airbnb or not, so it is not exactly net yield yet, is it? You have to substact rental tax, which, if I'm correct skyrockets as high as 35% of the gross revenue (as they don't care about your intermediates) above 12 K€ per year. And that puts a big dent in your estimation...
@@TheWanderingInvestor Understood. In that case, is there a model allowing to avoid this heavy rental tax? (15% up to 12 K, then 35% above...). Because for an individual, as it is, it drops the yield from 9 to 5%...huge issue on a potentially interesting project.
@@TheWanderingInvestor yeah I mean it’s still a hassle in the Greek island. Generally unreliable work, slow etc. something an American would be shocked by I guess. Same goes for material costs in the smaller islands.
Thank you very much for the video Ladislas. However as far as I am concerned Lesvos is listed as one of the “border regions” where non-EU citizens are not allowed to buy real estate according to Greek laws. How is it possible to buy a property for golden visa in Lesvos then?
out of date. Lesvos was a lovely island until the masses of illegal immigrants came ashore. Look at the videos on here that will show you. Truly a disaster
This is what I’m concerned about it’s not controlled immigration it’s mass immigration to this Island that’s why the prices are low. It’s a problem in a lot of Countries now too many all at once and infrastructure just can’t cope
Fun video. But Fails to clarify to potential investors consideration of VAT purchase and taxes imposed on short term rentals which are tiered and substantial. 15%~45%. from €0 - €12,000: the tax rate is 15% ● from €12,001 - €35,000: the tax rate is 35%, and ● above €35,001: the tax rate is 45%. All of which make net yields soft. FULL Disclosure is everything my wandering friend but I do like your videos. 🙏🏽
I do pre-income tax numbers for all my numbers because taxes change, people can use various structures, deductions, and for people from high tax countries with a double tax treaty agreement with Greece it typically does not matter. Buying costs and taxes are included in the legal and notary fees.
@@TheWanderingInvestorthis makes sense. I know you believe Albania to be inferior to Greece but if we just take this idea of tax rates could we consider Albania to be a better investment option?
@@DJBILINGUAL prices shot up a lot in Albania in the past 3 years, though less than Montenegro. Prices seem spicy now. Greece has better momentum at this stage. I’d rather pay taxes on making money than paying little taxes on not making much money.
@@TheWanderingInvestor well said. I had no idea Albania shot up that much. It really feels like everywhere has though. I’m still soooo bitter I missed the boat on Montenegro I low key wanted to move there. Greece might not be a bad alternative though. Albania seems to have good financing options which in my opinion can be huge when trying to squeeze extra juice without having to use your own resources. Have you ever sniffed out Bucharest by chance?
@@DJBILINGUAL things change fast yes. Bucharest is decent. Still pretty cheap in the big scheme of things. I just feel there is more value in Budapest even though it’s a bit more expensive.
Another excellent and creative and informative video, Ladislas. The pros and cons are so clear. What about the risk of social upheaval because of the economic troubles, plus the effective of the migrants?? So many hills and stairs, older folks would have trouble navigating, especially with the cobblestone streets
Definitely not a fan of the migrants, but as I said they do not make it to this part of the island. Social upheaval: no more than before. As for the hills and stairs old Europeans deal with them better than old North Americans
@@TheWanderingInvestor Seeing all those stairs and hilly streets reminded me exactly of what we find in the Caribbean. Definitely not to or lots of us, despite the extraordinary beauty of the island. What I was thinking about was the likelihood of general social unrest in Greece because of the economic situation, not to mention risks involving Turkey and Russia versus NATO in general.
@@dovygoodguy1296 The worst has already taken place in Greece. From an economic point of view other European countries have more to fall. Greece is essentially a developing country again economically speaking. As for potential conflict with Turkey, it’s a risk for sure. As are earthquakes.
That’s horrible try it slowly :) Very interesting market although the language for me is hard to learn having few Grec friends, never been able to pick up, like Italien, latin. Beautiful and lovely homes, with golden visa it’s a thinking. Amazing info, thank you for your prof work. UK as a charm 😊 you chg my plans, love it, great team. I will.
The world has no need in Investigation like this, people suffer in time with investions like this. Yes, so this promotion of "golden sales & golden viza's" is gonna skyrocket the housing prizes and rents.
Airbnb is classified as regular rental income. Taxes start from 15%. I don’t discuss income taxes as they change often and ultimately where people reside matters (double tax treaty or not, etc). I do the numbers, net pre income tax
if my total investment in a property like your location and including renovation expenses and furniture reached a total a little bit more than €250,000 in a value, can that qualify me to apply for the Greece golden visa?
@@TheWanderingInvestor Note that they changed the requirements to 250K for a single property and not many (so you can't apply if you bought many small ones like before)
Hello there! I am very happy to have found this video. I bought a ticket to Lesbos a week ago to do EXACTLY what you show here. My only concern was the lack of connections there. I am grateful for introducing Angelina. I sent her an e-mail provided under the video. I am looking forward to the next steps. Thank you for this video.
hello, I am also very excited to use this model and find a similar property. What has your experience been so far ? Did you hear back from Angelina ? Thanks, Brent in California
Hello. I think you are too optimistic in your high season income estimates. The real high season is only August, if in August a day costs 175 euros, then in July it is already 160 euros, and in June 150 or even lower.
very nice to see this 25k house yielding almost 10% in Lesbos. If you do some for the renovations on your own and manage it yourself, could be even netting around 20% a year, totally incredible!
you are very wrong about the PPP the average Greek is not poorer than the average Turk. The average Greek is way richer then an average turk it's just that you believe the fake stats that Erdogan is posting not the real life ones, you should visit the world Bank site to get your info and not site like wiki were anyone can post.
This is debatable especially after receiving over 10 million non skilled refugees in Turkey. (This dropped the avarage to lower) To be honest, i feel more greek than a turk now after the disaster (thats what I call Erdogan) . Turkey has a lot more potential than Greece in the right hands however at the moment they struggle big deal with all the idiotic economical strategies however I would still say that I think an avarage turk is in the same level with an avarage greek. Greece needs a lot of development and investment on their infrastructure while Turkey has it better. Turkey has better structure especially when it comes to bureaucracy. Everything is computerized and definitely better healthcare. First we need to discuss what sets the standard for poor and rich. Turkey has better life standards when comparing to a greek avarage persons life to avarage turk’s. Most turkish leave their country not because of the life standards they leave because of erdogan and his politics
I have learned so much just by watching your video's. The perfect approach and explanation on how to look at a market as a whole. Not just blindly following what the mass but as a professional protecting and growing your Capital. Such an advisory service would cost a lot of money and you just give it for free. Respect for what you are doing here. And it gives me positive energy when you see how you are doing this with Full Passion and love for your Profession. Thanks so much for sharing and paying it forward, Respect✌👏
Regarding the golden visa with this apartment shown, 25,000 euro will get you a golden visa? What does the golden visa give you? We are from Australia with a UK and Italian background.
No. You would need to invest €250k which gives you a golden visa (the right to live in Greece and spend as much time as you want in the Schengen area). If of italiej origin, you should get your italian passport. It would be cheap. Send me an email if you want someone who can help with the paperwork.
I didn’t quite catch the comment on drinking water or why they were mentioning this to begin with? Also, does the renovation budget include AC and heat?
However , with such total price , you can get in new building appartment with UAE eagle hills project in Durres with 3 billion dollar project .. buildings with swimming pools and gym and complete new area will be built on beach ..
@@TheWanderingInvestor I been 3 times .. this project will changed it same what they did in Belgrade waterfront as changed properties prices in Belgrade too
I feel like I wasted 5 minutes of mylife , not getting to the point, but I would not recommend anyone to buy property to Greece, there are very clever and you may end up buying a building scheduled for demolition
Part of the standard process is lawyer due diligence, so if this truly happened to anyone I guess they were not meant to have money in any country in the world…
