As many as 15%-25% of sites have major problems that mean they either cannot be developed or will not make a profit so getting professional advice from a local expert, before you purchase the land, is significantly important to resolve potential problems or manage the related uncertainties.
Before you actually purchase a piece of land in Chania, Crete, you have to decide what type of investment strategy should be implemented to establish the highest Return of Investment possible.
Considering buying development land and making a profit? Approach with Caution and Get Advice from the Start.Maria Gkika
In order to make a profit from buying and developing land there are a number of important strategies to consider:
- Buy and Sell
- Buy and Hold
- Buy, Develop and Hold
- Buy, Cultivate and Hold
- Buy, Go Through Entitlement Process and Sell
- Buy, Develop and Sell
- Buy, Develop and Rent
At the same time there are also some risks involved in the process of buying a land:
- Zoning Classification
- Use of land (Planning Permission)
- Zoning Restrictions
- Environmental Issues
- Access to Utilities
In Chania Real Estate we work for clients with land properties of all shapes and sizes in Apokoronas, Akrotiri, Kissamos, Chania, Sfakia, Kandanos, Palaiochora etc. This means we deal with individuals, private companies, local and foreign investors.
We add diversity, local knowledge and expertise via our research resources from our parent company ARENCORES and trust through our reputation and the positive feedback of our clients.