Property in Southeast Europe Hold High Investment Value

 

In the financial world, investment is something similar to a safety net. There is always a time when a person's financial condition gets worse. If that person has an investment, that bad condition won't affect that person's life too much. Investment becomes more important during a pandemic when the future keeps uncertain at some points. By using a safe-haven type investment, in this case, is property, one can secure the future. As for the location, it could be anywhere.However, according to Vassilis Milionis, Southeast Europe shows some promising growth in this investment category.

 

The formula is still the same. The demand for property in the future will increase, while the land availability to build a building will decrease. Therefore, owning land or building with land will be a good start to prepare for the future. During the pandemic, Southeast Europe has become one of the areas that are considered affected a lot by it. It makes the prices of property products in this area also have fallen. Looking at this situation, Vasilis Milionis recommends the property buyer to grab the chance. While the property price is falling, the investor can get a high-value property at lower prices. 

 

With the property value that tends to increase in the future following the formula mentioned above, the initial lower price could be a good way to start investing in this asset and location. Moreover, Vasilis Milionis also said that the property market and value would eventually increase, at least by 2023. He said it by looking at what many countries try to do to save the property market. Government starts to give incentives for the property market. It comes in several forms, from tax incentives to funding to run the property business. This movement is believed to be a good thing for property investment.

 

Currently, the Southeast Europe area is starting to recover and show a good sign for its property market. This is also the sign for anyone interested in investing in this area to hurry their plan. Find the property product that matches the need and invest in it. As Milionis said, with low prices still lingering around Southeast Europe's property value, it could be a good time to spend some money on starting investment in this category. The result will be visible no less than two or three years later, where experts predict a good market condition will sprout.

Vassilis Milionis Explained The Most Profitable Investment Opportunity in Greece for Foreigner

Bank of Greece announced all the financial institutions in the country on implementing electronic identification for their clientele. Foreign investors can shortly open their bank accounts without their presence in Greece.

On June 2, 2020, The Bank of Greece notified all the financial institutions in the country on implementing electronic identification for their clientele. This means that an overseas investor can open their bank accounts without their presence in Greece in the near future. According to Vassilis Milionis, it’s good news, as the Greek government is facilitating foreign investors in pursuing their investment activities with ease and convenience during times of difficulties.

Vasilis Milionis, a Greek businessman, and entrepreneur stated, “ Greece is one of the countries that allows foreigners to invest their money with ease and convenience.” He added, there are some profitable industries in Greece that overseas foreigners can invest in. They include tourism, energy, food & beverage, export-oriented manufacturing, and logistics. But there are some mandatory rules that must be obeyed. One of them is by buying Greek properties. Having a property in Greek is a tool to enter the Golden Visa residency-by-investment Programme. It allows non-EU nationals and their family members to obtain permanent residence permits in Greece.

Vasilis Milionis advises boosting profit when investing in Greece, especially Athens. “To boost profit when investing in Greece, investors can invest in commercial properties. Other ways are Buy a non renovated flat in Athens, Buy property in up-and-coming areas in Central Athens, and Set up a business instead of buying property,” said Vasilis Milionis, a property investor. Milionis explained that those ways are intended to get a Golden Visa for foreigners to ease their business in Greece. Even though the property is the popular route towards permanent residency, there are other ways to get permanent residency. One can set up a business with total investment exceeding 250.000€, and they are eligible to get permanent residency. The business can be in sectors that include energy, logistics, tourism, and many more.

About Vasilis Milionis 
Vasilis Milionis is a Greek entrepreneur and property investor. His interest in property and investment encouraged him to establish Filia Investments LTD, a company that focuses on property and tourism investment. Filia Investments LTD is involved in the 5 Star Hotel and Holiday Apartments worth 16 million euros. As a successful businessman, Mr. Vassilis Milionis also encourages people to be smart when it comes to investing.

Vassilis Milionis Predicts on Greece Market Post COVID 19

Even Though Greece’s economy is expected to be hit severely by the Covid-19 pandemic, Vassilis Milionis predict the export sector might expand, and foreign investments doubled by 2023.
Vassilis Milionis, a Greek property investor, and entrepreneur predicts that the export sector and foreign investments might expand by 2023. According to the government, the Greece government has performed some economic initiatives in Greece from tax incentives, easier access to funding, and digitization. Those economic initiatives could be linked to issues in the export sector. As said by Prime Minister Kyriakos Mitsotakis, about the economic target of the country “The current ratio of exports in GDP must rise from the current 38 pct to the European average of 48 pct by the end of four years and the ratio of industrial production rise from the current 9.5 pct to 12 pct, along with the doubling of foreign investments by 2023”.

Vasilis Milionis, the Greek entrepreneur, stated that if the government target is reached, then Greek exports also increase in sectors beyond petroleum and tourism. Also, sectors like quality wines, new technologies, and the creative industry are predicted also increased. Milionis added currently, the Greek economy is facing some essential challenges. They relate to the widening of its production base by utilizing investment in the industrial sector, a more favorable tax framework, and the introduction of special programs to strengthen dynamic and export-oriented sectors. Greece also needs to plan and implement digital technology initiatives, and facilitate access of private corporations to funding, in order to increase the country’s economy.

According to Milionis, in the tourism and property sector, as the global COVID-19 pandemic lockdown begins to lift gradually as well as in Greece, the real estate market, especially on the popular tourist destination, such as Mykonos is awaiting the return of foreign buyers. Mykonos is one of the most renowned Greek islands. The island is an international travel destination that brings buyers and tourists from around the world. It offers beautiful nature, amazing beaches, picturesque villages, a chic lifestyle, and delicious Greek food.

“Greek tourism and real estate sectors began to rise up as the lockdown gradually lifted. The greek market will also increase as the global investors start to invest their money in real estate and tourism sectors in Greece:”, said Vasilis Milionis.

About Vasilis Milionis
Vasilis Milionis is the owner of Filia Investments LTD. The company works on several projects and is worth more than 16 million euros. One of them is a 5-star hotel and holiday apartment with all-inclusive facilities.

Vassilis Millionis Explains Sectors that Regain and Ready for Investment

Vassilis Milionis describes sectors that start to regain this year. Investors should look at those sectors.

Vassilis Milionis, the owner of the trusted investment company in Greek, describes the global finance condition. The uncertain global condition affects the global financial condition. Investors should be wise and careful in spending their money on an investment. Despite the global condition, some sectors try to regain. The U.S. stocks begin to recover slowly after the virus attack in March. Investors need extra effort to find the best markets and get new opportunities. 

Vassilis Millionis stated, “Asia has a good prospect for investment. Some countries, excluding Japan, may show positive equities earnings growth this year. Most Asian investors also said that they were optimistic about starting the investment.” One of the reasons that make Asian investors optimistic is the outperform of the Asian currencies against the U.S. dollar. This condition may happen for the next 18 up to 24 months. Vasilis Milionis explained, “This is also a good start to find the best markets for investing in Asia. Singapore’s Straits Times Index is one of the best markets. It has a good track record and experiences to defend its investors for many obstacles, including epidemics. South Korea, Hong Kong, Taiwan, and China also have a good prospect for investment this year.” 

Investors should consider two main sectors, which are bonds and real estate. Bonds are a good investment in Asia since the government’s fiscal response to the epidemic. Real estate is another good investment sector, although investors should consider the risks well. The impact of the epidemic attacks all sectors. Some countries, including Chile, Colombia, Nigeria, and Russia, will win the commodities market. Investors have to consider the political and economic risks in the countries before investing their money. 

According to Vassilis Milionis, “Investors may check some potential commodities. They can start to think about investing money in companies or sectors that focus on copper, crude petroleum, coke briquette, and crude oil. On the other hand, investing in sovereign debt is not a good option this year.” Gold mining stocks can be a good investment option, although it has been declined by over 30% for the past ten years. In contrast, the price of gold increases by more than 40%. 

The most important thing to consider is that gold mining stocks often rely on global political and economic conditions. The price increases significantly during the uncertainty of political and economic conditions. According to Milionis, “It is better to hold cash and wait for the overall market condition. Investors who want to invest may consider gold mining stocks.”

About Vassilis Milionis:

Vassilis Milionis is the CEO of Filia Investment LTD. It covers several prestigious projects. The projects include 5-star hotel and holiday apartment development, luxury tourism properties, tourist complex, tourist village, and many others.  

Bright Path at the End of Pandemic for Real Estate Market

The coronavirus pandemic affects almost everything in today's business world and modern people's life.

The real estate industry is said to be the one that affected the most. People said that the real estate business would and is currently slowing down; some others even said that this business is dead. People are afraid to put their houses on sale or start investing in property. Vassilis Milionis said differently.

According to him, real-estate/property is still a profitable investment. Even though in reality, it is pretty much affected by the pandemic, the real-estate expert, and the big names working behind the scene to keep this industry gear keep moving. The stock of several real estate companies is indeed falling. However, it doesn't display the future of this industry, which he said still on a safe/bright path.

There is an interesting statement about the real estate industry in this pandemic. It said it is similar to the iPhone. People are waiting for the chance it will be released, and they will go buy it right away. Real estate also has that kind of situation. Currently, the consumer still is limited by the travel restriction and social distancing status. However, once those are lifted, Vasilis Milionis believes that there will be huge numbers of people buying the property products.

As for now, the real estate industry is depending a lot on the technology. The internet technology that has grown so fast allows the expert in this industry to keep connected with the customer as well as a promising buyer. As more people spend their time at home, they are more likely to use the internet than before. This is the area that the real-estate expert tries to aim. And it did work. The interest and even demands on the property product are still high these days thanks to the online system.

The promising future and an opportunity to change into, maybe, a better system is right in front of everyone's eyes. The business in the real estate industry might be pressured today. And, it might take at least a year to recover and show the best sign. 

However, Milionis advises that people, especially homeowners, don't need to hesitate to make a move. Selling a house right now could be a great decision because once the pandemic is over, that asset will multiply in value. As always, the property is one of the best investments.