Buying Property for Resale
Elena Latysheva asks:
Hello. I want to buy real estate in Georgia under construction for further resale. What profit can be made in this case? What risks are possible and how to insure them?
Expert answers (1)
good day, Elena! It all depends on the choice of the developer and the stage of construction at which you enter the project. On average, a good developer with a reliable reputation and experience in the construction and management of the income from the resale of apartments can be 30 or even 40% of the amount of investment. Risks will be minimized if the project is correctly selected. The construction market in Georgia is now at a growth stage, so there are no serious risks for unfinished construction, but still it is necessary to carefully and select a suitable developer using a wide range of criteria.
24.01.2020
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