As any investor will tell you, the key to a good investment is timing. If you are going to make an investment, you need to know not only that it will provide you with a return on the amount of money that you will invest in it, but also that you are getting the best possible deal. In other words, you have to make sure that you will get the biggest return possible while investing as little money and resources as possible. This is definitely old news to anyone who is into business, but sometimes, opportunities just seem to pass by even the smartest of inventors.
They say that a crisis can be turned into an opportunity if one knows how to look and how to invest. For a few years, a huge economic crisis has engulfed Greece a country that up until 2008 was developing in a ridiculous rate. This crisis has birthed lots of opportunities, especially on the real estate and the tourist sector. The crisis made Greeks more than willing to part with their assets and holdings – something relatively rare during the so called “times of opulence” – for just a fraction of their value, since most of them became strapped for cash. This meant that luscious and very expensive villas in islands such as Mykonos, started to become available on the market at very competitive prices.
Buying a villa in Mykonos is one of the best investments one can make in Greece during the time of the crisis because this tiny island is visited by hundreds of thousands of high value tourists – including Hollywood superstars – each summer, making those villas a reliable source of income. To put it bluntly, if you were ever thinking of getting into the luxurious property rental business, there is no better place than Mykonos and no better time than now to do so. The truth of the matter is, that the best villas in Mykonos, never really lose their value so they are an asset. You should however hurry up a bit, because the window of opportunity might soon be closing. Let’s see why.
The crisis is starting to pass
The Greeks may have been totally unprepared for the financial crisis and the troubles that befell them, but they managed to soldier on and they seem to have finally made it through. Greece may not be at the same place it was a decade and a half ago, but it certainly is better off than when it was in 2009 when the crisis was at its apex. So, the crisis that made a lot of villa owners decide to finally sell, may soon be over which will not only drive the prices up, but might also make a lot of them reluctant to sell since owning property is very important to Greeks.
There might not be enough to go around
It seems that a buying frenzy has erupted on the island of Mykonos since villas have become very sought after. Many of them are being sold each year and new ones are currently being built, however, there can only be so many villas on the island. Sooner or later or the already built ones will have new owners or their current owners will decide that selling them isn’t a good idea. Also, the limit of villas that the island can legally accommodated will also be reached. If you want to buy a Mykonos villa then, you should hurry before there are none left.
So, if you are looking for an investment that can make you lots of money in the long-run or a tidy profit right now, then buying a Mykonos villa is definitely the best idea. You just have to make up your mind as soon as possible though, or the window of opportunity might close down for good, or until the next crisis.