In most crisis, there’s opportunity” an ancient Chinese saying paraphrased and there may be you can forget apt time today with the global financial crisis still hovering around. For those who have been felt the blow of its effects and may have experienced decline in your own personal wealth, at the least in paper value, you will find still many opportunities abound for you to invest your cash and if patient enough, see a great return on your investment five years down the road.
Though being liquid is good, there’s a tendency for many cash rich people to over spend a bit. More frequently than not, spending excessively or beyond your allowance becomes the norm. Among the more tried and tested investment is real estate real estate in yerevan armenia. Especially now, when real estate costs are undervalued, here is the time to get and pay cash on the spot. Doing this gets you even more discounts. Here are some tips about trying to find great deals:
Purchase apartments and condominiums in high density cities. One particular city that is usually overlooked is Paris. Paris remains the most cosmopolitan city in Europe and today, you will find great deals you’ll find on the Internet. Although prices of Paris apartments seem on the high side, they are 15 to 30% less than they certainly were two and a half years ago. Look for apartments that have been newly refurbished and for the amount you might want to pay, take a trip down there and meet up with a real estate broker. When finding what you prefer, ask politely if you can meet with the owner, and then make an initial offer of 30% less than what is called for with an area cash payment. From this point, there will likely be more negotiations going on. Be ready to leave when it doesn’t fit your allowance, as this is an investment to you. You will need the actual estate broker as well, since you might want to possess this apartment rented anyways. If you wish to use the apartment to reside in, purchase a two or three bedroom apartment. If you should be trying to find apartments as investment purposes, better to obtain a a couple of bedroom, if not really a loft or even a suite. In this manner, you can purchase more apartments and then contain it rented since the rental cost is lower.
This formula can be used with most other cities as well. Ultimately, your investment will appreciate over time while the property market runs in cycles and whenever you see the values of real estate increasing by 40%, you can unload if you want to.