In every crisis, there’s opportunity” an ancient Chinese saying paraphrased and there can be forget about apt time these days with the global financial crisis still hovering around. For those of you who’ve been felt the blow of its effects and may experienced reduction in your own personal wealth, at the very least in paper value, there are still many opportunities abound for you to invest your cash and if patient enough, see an excellent return on your investment five years down the road.
Though being liquid is good, there’s a tendency for most cash rich people to over spend a bit. More frequently than not, spending excessively or beyond your budget becomes the norm. One of many more tried and tested investment is real estate real estate in yerevan armenia. Especially now, when property prices are undervalued, this is the time to get and pay cash on the spot. Doing this gets you even more discounts. Below are a few tips on trying to find great deals:
Purchase apartments and condominiums in high density cities. One such city that is most often overlooked is Paris. Paris is still the absolute most cosmopolitan city in Europe and these days, there are great deals you’ll find on the Internet. Although prices of Paris apartments seem on the high side, they’re 15 to 30% lower than they were two and a half years ago. Search for apartments which have been newly refurbished and for the total amount you might want to pay, journey down there and meet up with a property broker. When finding what you want, ask politely when you can meet with the owner, and then make an initial offer of 30% less than what’s asked for with an area cash payment. From this aspect, there will likely be more negotiations going on. Be ready to walk away if it doesn’t fit your budget, as this will be an investment to you. You will need the actual estate broker as well, since you might want to own this apartment rented anyways. If you would like to utilize the apartment to reside in, buy a two or three bedroom apartment. If you should be trying to find apartments as investment purposes, better to get a one or two bedroom, if not a loft or even a suite. In this way, you can purchase more apartments and then own it rented considering that the rental cost is lower.
This formula can be used with many other cities as well. Ultimately, your investment will appreciate as time passes while the property market runs in cycles and once you see the prices of property increasing by 40%, you can unload if you wish to.