Real Estate Market Show A Promising Sign

 

People often see the pandemic has brought many problems to the real estate industry. The demand for property decreases as the customer can’t directly visit the product to find out more about its quality, like what a property buyer did in the past. However, the reality is the opposite. Close to the end of 2020, the real estate market, especially the housing market, shows a great improvement. One of the top experts in the real estate market and investment, Vassilis Milionis, even recommended people to buy or sell the property because the market situation hasn’t been as good as today.

 

One of the reasons that drive the real estate market to move in a better direction is the product and interest rate. Currently, the supply of property products is deficient. This condition is a good thing for the seller because their product will have a high demand in the market. On the other hand, the buyer also can see it as the chance to get the product that is difficult to get previously. Thanks to this condition, the wheel of the real estate market has started to spin once more. And, the expert also predicts that it will move even faster next year, which could be the year where the real estate industry rises to its history’s top condition.

 

Vasilis Milionis also noticed some changes to the interest rate of the property product. This year and maybe the next year will become one of the lowest interest rates that clients can find on the real estate market. The low-interest rates that many real estate agencies put on their product are another reason why the real estate market looks so promising today. During the pandemic, where the number of customers drops drastically, this company has some problems selling their product. So, to fill the quota of this year, many real estate companies try to offer benefits for the clients who want to buy their product by lowering the interest rate.  

 

Real estate products, especially the suburban areas, have also become popular these days. There is a trend where many people that used to live in the big city move to the suburban area to find a more peaceful situation. Thanks to this trend, Milionis said that the property market in this area had grown significantly. With a better spread of need like this, it is no doubt that the real estate market is in top condition today.

3 Important Parts that Bank Should Focus At for Restoring Global Finance after Pandemic

Bank has a significant part in the effort to restore global finance after being struck by the pandemic this year. Banks will become the fund source that helps the business restore and revive after the crisis besides the incentive that many countries' governments have been given or planned to give. For that reason, Vassilis Milionis said that a bank must focus on the right part where they give the funding to support the restoration process of global finance. This investment and financial expert also mentioned three essential things that are necessary to put in the priority. 

The first part is the digitalization. The bank should focus on the business that runs in this industry, as this sector will become the core of the business and finance world in the future. Furthermore, the pandemic also forces people to use this platform more often due to their mobility limitations. Therefore, this part also becomes a great sector that will attract more investors to invest their money. Thus, it will help the countries and companies to get back on their feet. All of this process will also affect the financial condition globally.

The second part that Vasilis Milionis also mentioned is the supply chain. Today, the business world needs to have strong and durable supply chains. Banks can help create a program that connects those who need a product to the supplier that provides them. It doesn't only help to simplify the process to start and run the business. But, it also accelerates the restoration process, which the expert predicts that within two or three years, the result will be visible.

The last part is the workforce quality. The crisis leads to a difficult situation that pushes the business world to adapt and create a new system to utilize the new normal that is happening and will happen in the future. Therefore, high-quality human resources will have a role in making this situation work well. The bank can enter the process to provide a top-quality workforce by having programs that help the company financially to create better training and hiring programs. Milionis said these are all important to make the world run once again in a better direction, not only for people but also for the business world in the future. These are also necessary to restore the condition after the crisis.

 

3 Best Investment in Southeast Europe Area Suggested by Vassilis Milionis

 

The Corona pandemic has negatively affected many aspects of European countries, especially the Southeast Europe area. Countries are suffering from the sudden change caused by this situation, which also affects their economy. However, good news has come for the countries in this area. The EU has planned to provide a substantial incentive for the affected countries to recover from the crisis. According to Vassilis Milionis, an expert in real estate, finance, and investment, this is a good sign for the investor to enter and put their money along with the plan. The question is which asset can be considered the best investment for the Southeast Europe area.

 

First of all, the EU will focus the funding for the recovery process of digital and physical infrastructure restoration. Therefore, this is also the best sector for investment. The needs and demands of the digital product and service have increased significantly, as people are still limited to traveling and even leaving their house during a pandemic. It creates a profitable opportunity for businesses in this sector to grow bigger. With the EU funding for Southeast European countries, this field could experience a massive expansion in the next two or three years. When the investment enters as early as next year, the investor will receive the benefits from it in the next couple more years.

 

However, Vasilis Milionis also added that real estate or property products are still a hot asset to pay more attention to its development. During the pandemic year, 2020, there was some fluctuation of its value on the market. Many countries in Southeast Europe also use their funds to recover the more significant sector affected by the pandemic. But, the demand for the property is still high, similar to before. Therefore, this sector is also something that all investors who want to invest in this area must consider.

 

The last sector that is also recommended by Milionis is the aviation stock. With many promising results from several companies for the COVID vaccine, the aviation stock increased significantly, showing the trust and prospect that this field will return to its normal condition. Overall, those three sectors will hold an essential role in developing the Southeast European countries, which also become a promising sector where the investment can flourish in the future and produce a good number of profits. 

Real Estate Market Trend Move to the Bigger One

 

The pandemic changes many things in today's world. The real estate market is no exception. As said by Vassilis Milionis, this year will be challenging as well as promising years for real estate. One of the unique cases in the real estate market transformation is the micro-condo market because of the pandemic. 

 

Micro-condo, a small and compact living place, which is usually built in the downtown area, once was marketed as the best solution for people who need a living place. People love this concept, and many were sold when it was introduced two years ago. The customers are mostly those who are single or students. The compactness of micro-condo allows them to get the freedom that they want. Even though the rent rate was quite high, there were always demands for this unique building concept.

 

However, the pandemic has changed people's lifestyles. Many people lose their job, which means losing their income to pay for the freedom this small building offers. Currently, the situation is getting worse for this building category. Realtors and expert Vasilis Milionis agree that it is quite difficult to make a quota for the small condo category. A Realtor has a problem selling a building with a size of smaller than 500 square feet. Now, it crowded the real estate market.

 

So, here comes a question. Which property are people favorites today? According to the TRREB and Urbanization data, currently, people prefer to live in large spaces. Rather than following their ego to get the freedom, the market carefully chooses the property that could turn into the property with better value in the future. Therefore, the easy-to-use and compact size condo lose its attractiveness. It isn't worth investing in.  

 

The real estate market condition shows that the building with 2,000 square foot size is more appealing for the buyers. Thus, it is not surprising when this large building type becomes the leader of today's real estate market. Its supply keeps decreasing, thanks to the higher demand for this type of building.

 

Milionis sees this as the normal reaction due to a pandemic. People tend to save more money to prepare for the worse effect in the future if the pandemic doesn't subside. He also said that people start to know how to invest in real estate. This is a good thing, as it will stimulate the market to wake up after receiving a quite hard blow from COVID 19.

Investing Real Estate Stocks During Pandemic

 

The coronavirus outbreak managed to bring significant changes in many various industries, including the real estate industry. Vassilis Milionis, an entrepreneur and property investor from Greek, states that the real estate stock currently has a different status. It cannot be denied that this current situation is influencing the stock in the real estate market. This can be seen quite clearly on several of the top stock changes. For instance, the Real Estate Investment Trust of Pebblebrook Hotels significantly rose close to 20 percent on June 5th. Park Hotels & Resorts rose around 19 percent. Though the number of real estate stocks shows a promising increase, the number declines from the expectation in the end due to the global pandemic.

The most asked question for example, is it the right time to invest in the real estate stock right now? Properties and real estate are high-value investment assets. They are still considered as one of the best investment options. According to Vasilis Milionis, the real estate stock is still there. It only needs a significant pointer or simple push in order to increase transactions. The production of the coronavirus vaccine is expected to bring the market buying strength back. The future and people’s trust in the real estate industry will boost as well. So, transactions in the real estate stock will be normalized.

For those who are interested in investing in real estate or properties, the Greek property investor advises not to hesitate. The mortgage rate currently has been lowered with the 2-year fixed rates. Moreover, there is a great chance that the rates can drop even lower. There was also a surprising positive increase in the stock market on March 24th, 2020. It was because the Federal Reserve began to print money at that time. So, it is a good opportunity to invest in the real estate stock or property sector.

Homeowners can also make a decision to put their properties on sale. Though the property price is currently falling, Vassilis Milionis mentions that it will not last long. The real estate market even shows increasing sales even during this pandemic. It is because the new normal phase has been started where people are allowed to go back to work. People are also still aware of having a comfy living place for their family. The Greek property expert believes that the value of the real estate stock will be back to normal.

How Global Finance Declined During the Pandemic

 

The coronavirus has been negatively affecting the whole world for almost a year now since its outbreak in December 2019. Nearly all countries get the negative effects of this global pandemic. Almost all businesses all around the world are also falling and failing. This condition negatively affects global finance and creates chaos within the world's economy. This messy economic situation due to the pandemic gets the attention of Vassilis Milionis. For those who do not know yet, Milionis is a famous Greek property investor and entrepreneur. As an investor, he is also concerned about how the coronavirus negatively affects global finance's sustainability.

As we know, due to the coronavirus outbreak, the world is currently facing a decline in economic growth this year. The economic growth decreases from 2.9 percent to 2.4 percent. The number seems small, but it is totally impactful to global finance. Many countries around the world began to experience economic failure because production activities have been extremely decreasing. It is because people are forced to do social distancing in order to stop the spread of the coronavirus. With a number of restrictions that many countries make, it is hard to do production activities. Materials cannot be obtained, and employees cannot go to work and many other things that prevent companies from producing their products.

According to Vasilis Milionis, global finance is indeed slowing down. However, governments will consider this unfortunate condition. So, he encourages people to keep optimistic. Hopefully, the government of affected countries can make policies to help companies survive during this hard time. Businessmen should not stop their businesses. Because the economy of their countries also depends on the sustainability of the businesses. So, governments and companies should support each other to save the economy. Not only to be optimistic, the Greek entrepreneur also suggests people to be wise as well.

Mr. Milionis confesses that his works and projects are also affected by the global pandemic since he works in the tourism sector too. But he mentions that businesses do not only pursue profits but also contribute and support the surrounding community as well as the needy. This way, the contribution of sustainable entrepreneurs can drive and help the economy of the lower classes. We all know that global finance is recently declining. So, the Greek entrepreneur suggests the government and businessmen to support each other to save global finance.

Vassilis Milionis Explains the Improvement on Real Estate Sector after the Pre-COVID Pace

 

Vassilis Milionis explains that the real estate market starts to increase after the pre-COVID pace.

 

Vassilis Milionis, a property investor from Greek, explains the real estate market condition during the epidemic. This is important information, so investors get a new insight into whether they have to invest in the real estate sector or not. Vassilis Milionis explained, “We are facing uncertain conditions for a few months. It gives a significant impact on real estate investment. The most important thing is that it doesn’t mean that we have to stop investing in the property sector. The condition is a little bit better. The real estate sales rose by 21% after the pre-COVID pace. The home price is even higher than before.” 

 

One of the reasons is because of the new normal condition. People can go outside with a tight protocol. At the same time, real estate agencies give special deals such as low-interest rates to boost sales. The interesting part is that real estate agencies get income even faster because they can sell more expensive houses. The agencies can sell houses in Seattle, San Jose, and San Francisco. Mr. Vasilis Milionis stated, “Amazingly the property sale is quick and huge during the epidemic. It seems that people can’t hesitate about the low mortgage rates. People also need to find a comfortable living place for their family. It drives them to find a new house.” 

 

Property agencies should find an effective and low-cost trick to keep running the business. One of the effective and low-cost ways to boost property sales is by using virtual trading. Agencies can build a professional website and post the complete information about their properties there. They can start to promote it and let people who need a new house see it. This is an effective way because the agencies and clients don’t have to meet face to face intensively. They only meet face to face when there is a deal.

Mr. Vasilis Milionis added, “Agencies can use a 3D campaign model to promote their properties. Clients have a new experience by exploring the property virtually. It boosts sales as well as safe the investors. We only have to be more creative to keep our business running in this epidemic condition. Sometimes, a new condition forces us to scale up our business.” It hopes that the global condition is getting better. A better condition will drive economic conditions better, so people get their job back. As a result, they can think about having a comfortable house for their beloved family.    

 

About Vassilis Milionis:

Vassilis Milionis is a Greek property investor. He has a company known as Filia Estate LTD. The company develops luxury real estate and hotels.

Vassilis Milionis Explains the opportunity to Invest in Automotive, Agriculture, and Oil Sectors in Southeast Europe

 

Vassilis Milionis explains the best investment in southeast Europe. It is a great chance to invest in the automotive, agriculture, and oil sectors.

 

Vassilis Millionis, a Greek businessman and entrepreneur, explains the best investment in southeast Europe. Investment is one of the ways to manage and earn more money. There is also significant economic growth in some southeast European countries such as Serbia, Montenegro, and Albania. Mr. Vassilis Milionis stated, “We have a difficult time nowadays due to the global epidemic. Therefore, it doesn’t mean that we can’t invest our money. We only have to choose the best country and sector before investing the money. It seems that investing money in the retailer and agriculture sectors is a good option. Consumption is rising nowadays. Most people have to stay at home. They need to buy primary products for supply. The data also shows that there is a significant improvement in the revenue of those two sectors.” 

 

Investors who love vehicles or automotive can also invest their money in this sector. This year becomes a good year for the automotive industry. The revenue rose to 13% than last year. Serbia is one of the countries that feel a positive impact on the automotive industry. Some automotive companies in Serbia generate up to 10% of foreign direct investment. Vasilis Milionis explained, “Automotive and agriculture industries generate bigger profit due to its important role for the countries. The companies employ thousands of employees in a variety of positions. The companies need skillful people like designers, engineers, sales, and many more. The activity grows the economy of the country.”

 

Newcomers companies are even choosing a bigger industry such as Oil and gas, electricity, transportation, and rubber. It shows that southeast European countries are still a potential place for investment. The most potential sectors are in the petroleum and merchandise, energy and environmental systems, renewable sources, and mobility. One of the startup oil and gas companies in the Slovenia event generates the second-highest growth. 

 

Vassilis Milionis added, “Oil and gas are a new business in southeast European countries such as Slovenia. Interestingly, it shows a great result. Investors earn profit from gasoline and diesel fuel. On the other hand, investors also need to think about investing in energy efficiency products. People start to think about using environmentally friendly gasoline now.” The thing that Mr. Millionis wants to say is that investors can start to invest as long as they understand the sectors well. Investors only have to understand the condition of the country. Investors can start to invest their money in southeast European countries with more stable revenue.

 

About Vassilis Milionis:

Vassilis Milionis is a business and entrepreneur from Greek. He develops a Filia Estate Development Investment company. The company grows bigger in China.         

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.

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.

Vassilis Milionis Announces that Real Estate Technology Becomes the Next Great Investment

Vassilis Milionis explains the great opportunity for real estate technology investment.

Vassilis Milionis, a prominent Greek real estate investor, announces some profitable real estate investment sectors. Real estate investment involves a variety of sectors. Investors can’t only invest their money in the building but also other sectors that support the development of real estate. It might be a good strategy, while other investors only focus on real estate. According to this Greek investor, “Investors have to be creative in finding an opportunity. Some other real estate sectors are also profitable for investment. They can start to think of investing their money on real estate technology.” Technology has an important role in all types of industries, including the real estate industry. Technology increases innovation, so it boosts real estate sales. The focus is on developing real estate technology that can help people while living there. 

Vasilis Milionis explained, “Thinking about a smart device, it will be great if a family is living in a smart home. It is a potential real estate investment since it helps people to live better. The Automation system has a good prospect, including for the real estate industry.” Dealing with the use of technology in the real estate industry, the data center is also another great investment. Nowadays, data is a new currency. The more data they have, the richer the investors. Data is a valuable thing to know what developers or investors have to do to attract more buyers. They can also analyze the latest trend and create a real estate that fills the trend. 

There is also a significant improvement in the real estate data center. Investors can invest in the Cloud-based real estate data center. The Cloud-based data center provides investors with more important data and valuable information related to real estate development in the future. Vasilis Milionis described, “Cloud-based data center is a fascinating innovation, and it also works in the real estate industry. It helps investors to analyze and get a valuable prediction about real estate development in the future. As a result, they can be ready to make further investment decisions that earn more money. Analyzing the global trend on real estate is much easier with technology cloud-based data. 

Milionis assumes that real estate investment is more extensive now, and there are a lot of opportunities in this industry. Investors will have a variety of instruments for investment that are more interesting for them. The more interesting the investment instrument, investors can do more and give extra effort on it. This trend is also good for the development of the real estate industry.      

About Vassilis Miliionis:

Vassilis Milionis is a Greek entrepreneur and real estate investor. He manages a company that handles several big projects.

The Rose of Stock Market on Tuesday Encouraged Greek Entrepreneur to Invest in Property Sector

The coronavirus outbreak has impacted many sectors. On Tuesday, the most of the global stock index rose.

The coronavirus outbreak has impacted many sectors, including the real estate market. The sectors of real estate that have been hit hardest so far are restaurants, bars, hotels, and other entertainment retail including tourist-driven areas followed by retail and housing, and second-home & luxury homes, as said by Vassilis Milionis, a Greek entrepreneur and property investor. The effects on real estate will vary by sector and market, and the extent of the impact will depend upon the duration of the economic shutdown, and the impact varies in some countries.

On Tuesday, March 24, 2020. The stock market increases after the Federal Reserve starts printing money. The Dow Jones Index has recorded its best day since 1933 as it gained 11.4%, or 2,113 points, while the FTSE 100 posted its highest-ever gain, of 452 points, or it rose 9% to 5,446. The rally on US and European markets followed gains in the Asia market overnight in the wake of the US central bank’s move on Monday to launch an unlimited money-printing program. Hong Kong’s Hang Seng closed 4.46% higher, while the Australian market rose 4.17%, and the Shanghai stock exchange finished at 2.34% higher. Japan’s Nikkei jumped to 7.1% higher, the South Korean Kospi rose 8.6%, and the New Zealand market gained 7.18%. Seeing the good news on the stock market, as an experienced investor, Vasilis Milionis advises investors to get ready to take a position until the end of this week’s stocks will move up in line with government stimulus to fight covid 19 pandemics.

On Tuesday, most of the global stock index surged. As the S&P 500’s gains on Tuesday were impressive, some stocks saw even greater gains. These three real estate stocks Zillow Group (NASDAQ:Z), Redfin (NASDAQ:RDFN), Realty Income (NYSE:O) all soared at least 17% by the time the market closed. Mr Milionis optimistic that the rising stock prices will continue until the end of this week, including the real estate stock.

Vasilis Milionis advises investors to invest their money when global financial markets begin to increase. Slowly but surely, investors are increasingly confident because the government has issued a stimulus policy, and the spread of the virus is under control.

About Vasilis Milionis
Vasilis Milionis is a Greek entrepreneur and property investor. Currently, he observed the stock prices of various sectors began to rise. Stock prices in southeast Europe will also be affected by the rise of the global financial market. He encouraged investors in Greece to follow the positive trend of the global stock market.