residential property investment

Self Building – Residential Property Investment in Greece.

The next stage of your self-build is to find a properly accredited architect or engineer, who will draw up plans for your dream home. This is probably the easiest part of the process, because there are very few dishonest architects in Greece. Working in an earthquake zone means that they are highly trained and heavily regulated, and a shoddy architect faces a jail term if they are found cutting corners. Greeks tend to translate the term ‘architect’ as a building mechanic, so do not be confused if they start talking about finding a mechanic – it has nothing to do with cars!

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I hear rumour that a few brave aussie property investors are eyeing up the US market where there are some very cheap residential property investment opportunities at the moment. Forget a mortgage, houses can be had for under $10,000 in Detroit – that’s credit card country. Even allowing for the currently lousy A$ rate that’s around A$16,000 – for a whole house, and yes including land!

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