Thessaloniki Student Housing

A brief Thessaloniki student housing guide

Based on the Greek Ministry of Education, there are approximately 330,000 students at Greek public universities at any one time. Thessaloniki accounts for nearly 1/3 of the total number of students in Greece with an estimated 100,000 students (including those attending private colleges and other higher education establishments).

For a city of 800,000 people (city population 2011) this means a particularly high proportion of students, which is evident from the vivid atmosphere and nightlife. The majority of the students are coming from other Greek cities, from Europe via exchange programs and from the Balkan countries in order to study at high quality private colleges. Estimating that on average a full-time student spends about 4 years in Thessaloniki (excluding exchange students), this means that there are approximately 25,000 new students in the city every year. And they all need a place to stay …

This article will provide a brief guide to the types of available student housing, the areas, prices, and things to be aware of regarding student accommodation in Thessaloniki.

1. Types of student accommodation

1a. University publicorms.

The University of Thessaloniki offers lessons to students, based on need and mainly on financial criteria. They are provided free of charge. In practice this means that it is pretty difficult to get a dorm room even if you are eligible to get one. The norms are mostly located close to the university campus, but their quality is very low and maintenance is a big issue, along with issues about safety etc.

1b. University Student Hostels.

These are private properties (entire buildings) which are subleased by the University and are provided mainly to exchange students requiring accommodation for a few weeks or months. These are usually ERASMUS students. As of 2011 there are two student hostels, "Matsi Street 7" and "Kassandrou Street 134", both very close to the university. They offer complimentary wireless Internet access and a hair dryer. All rooms at the ensuite feature a private bathroom and a kitchenette (Kassandrou 134).

1c. Private hostels.

For students wishing to stay only a few days / weeks, these hostels are more appropriate and a better solution than a hotel. However, these are hard to find as private hostels that rent rooms / beds by the day / week are not legal in Greece unless they are Non-Profit Organizations.

1d. Private rental flats.

These are standardone flats (studio, 1 or 2 bedrooms) located all over the city that students can rent from private owners. You can usually find them through real estate agents (beware) or online ads. You will need to find the appropriate one to suit your needs. Most of them are unfurnished or partially furnished and are more suited to students who plan to stay in Thessaloniki for a few years (as you've got to buy electrical appliances, fridge, cooker, etc).

When you move in you will need to enter into a contract with the electricity company DEI, the water and sewage company EYATH …

Where Can You Invest in Ahmedabad?

The real estate in Ahmedabad is witnessing an upward growth trend in recent days. The rapid growth of the industrial sector and overall economic development has helped Ahmedabad to turn into a rapidly developing city in the country in all aspects. With intelligent development governance and progressive policies, Ahmedabad has established itself as the ideal real estate destination in Gujarat. If you are planning to buy an apartment or house in Ahmedabad, here are few locations that are ideal for investment.

Bopal

Bopal has faced a multifaceted development in recent days attracting towards it a lot of investors and home buyers. High-end development blended with royal culture and scenic beauty has made Bopal a preferred location to buy houses for many. Also the capital values of apartments in this locality is affordable when compared to its neighbouring areas.

South Bopal

South Bopal is located close to West Ahmedabad. This suburb is growing exponentially as several corporate companies have started to set up their offices here. This western suburb also enjoys good connectivity to all neighbouring suburbs and cities. The industrial cluster Mandideep located just 20km from Ahmedabad has several factories that help in increasing the working population looking out to buy houses in and around the workplace. Apart from industrial development, Bopal also houses several good and reputed educational institutions.

Satellite

It is a well-developed area in Ahmedabad and is the most preferred real estate destination as well. It is located nearby to the commercial office spaces in Parhlad Nagar making it an ideal choice for people working there. Also Satellite is connected to other localities with well-laid roads and public transport.

SG Highway

The Sarkhej-Gandhinagar Highway connects Ahmedabad to Gandhinagar and provides easy connectivity between various other localities. The areas near this high witness growth in both residential and commercial sector turning SG Highway as the most preferred residential hub. With large parcels of land and affordable prices of properties, SG Highway is currently the best location in Ahmedabad to invest in properties.

Gota

Gota is a suburb of Ahmedabad where you can buy apartments and plots for sale at affordable prices. It is well connected to other suburbs and cities via the SG Highway.

Chandkheda

It is located in the Northwest of Ahmedabad, which has developed into a most sought-after residential hub due to the ONGC office located nearby. It offers plots and apartments at a very cheap price attracting towards it lower and middles income group people. Though its growth is not in a tremendous speed, Chandkheda is developing into a residential and commercial hub with several new corporate projects.

Sanand Nalsarovar Road

For those of you who wish to buy house in a serene locality free from hustles and bustles of the city, Sanand Nalsarovar Road is an ideal location to invest. It attracts towards it many reputed investors and builders to launch several new residential projects. People are also showing great interest in buying houses in this locality.

Bagodara

It is also another serene and …

Apartment Building Investing – Find Motivated Sellers

As the creator of the “Buy Your First Apartment Building E-Course” I have many potential students and beginning investors ask me, “How do I find motivated apartment building sellers?”

There are many ways that investors use to find motivated sellers, however, what I see happening many times with beginners is that they start looking for properties to purchase before they thoroughly understand how to identify a truly profitable opportunity. Here are my recommendations for how to begin learning about multifamily investing and then how to find motivated sellers.

Begin by learning what makes mult-family property profitable by taking these steps:

  1. Study and learn about what makes an apartment building profitable.
  2. Read as many books about real estate investment and apartment building investment as possible. It is a lot easier to learn from other people’s mistakes. There is no need to reinvent to the wheel.
  3. Find a reputable real estate investment club in your geographic area and meet with the commercial investor members. These “old hands” are a valuable source of market information.

After the aspiring multi-family property buyer has received a thorough education by reading books, industry magazines and networking with other commercial real estate investors then he or she is ready to begin the process of searching for an actual property to purchase.

Contacting Commercial Realtors

A great reference source for finding well educated commercial real estate agents is the CCIM website. The CCIM is a professional designation that qualifies a commercial real estate professional as capable and knowledgeable in the field. You can also find commercial real estate agents using a simple search on the web.

When searching for a commercial real estate agent take these steps:

  1. Speak to a number of commercial realtors in the area and ask about “pocket listings”. Pockets listings are apartment building owners that the experienced realtor might know who are serious about selling their building but they have not listed the property yet.
  2. Find a commercial realtor who specializes in multi-family investments. A good commercial realtor who specializes in multifamily properties should have a great knowledge of what apartment buildings have sold for recently.

Alternative Strategies for Finding Apartment Building Deals:

  1. Place an ad on Craigslist stating what you are looking for:
  2. “Looking To Sell Your Apartment Building? I am a commercial real estate investor interested in buying multi-family property in Philadelphia between 5 and 100 units. I am looking for owner financing over five years with 5% down or will buy with a 20% down payment and a bank loan.”

    Or, here is an ad that I copied directly from Craigslist this morning:

    I BUY MULTI-FAMILY PROPERTIES W/SELLER FINANCING OR QUICK CASH. Need to sell?
    Moving? tax benefits run out? call me for a offer.

  3. You can also place the same ad in the commercial real estate section of your local newspaper but be prepared to pay a handsome sum for the ad and also be ready for unsolicited calls for real estate agents. Newspaper ads do work but you are

100 Rental Market Tips

Sometimes we need ideas to get started with items in life. This list is meant to provide 101 “ideas” and stuff to check out to get the creative juices rolling. Most are pure real estate points to think about. A few are simple ideas that I believe help get things moving in life. So here we go:

  1. Loopnet is the largest online brokerage in the United States. You can find 100s or even thousands of deals there.
  2. Over 50% of leases originate online. To really capitalize, you need a rental website.
  3. 50% of new households formed over the next decade will be rentals based on current U.S. Census Bureau data.
  4. Focus landscaping and grounds efforts on the entrance to improve rental prospect traffic.
  5. If you have onsite staff, locate them away from the best areas and in the areas that tend the struggle more, the area will improve immediately with only modest costs.
  6. Rental insurance is a great way to gain incremental income.
  7. Large pet policies can increase rental traffic and income if managed correctly.
  8. Pay attention to the condition, visibility and readability of your outdoor property signs. 40% of business traffic begins with a good sign.
  9. The state Department of Transportation can normally provide traffic data on major streets. Knowing the traffic tells a great deal about how the property will perform.
  10. Have a common dress code for property staff to improve new resident impressions.
  11. Your leasing manager should be from a similar social demographic group with your target rental traffic. If not, leasing will be damaged.
  12. Follow up all electronic contact within one hour to dramatically improve your prospect close rates.
  13. 20% of prospects look for apartments and rental homes over the weekend. Do you have a plan to meet this shopping pattern?
  14. Online prospects fail to continue to be interested in your property over 80% of the time after the first hour. Do you have a plan to ensure a positive response before the second hour?
  15. 36% of new heads of households for the next decade will be Hispanic. Do you offer Spanish speaking access and documents? Your occupancy could depend on this.
  16. Immigrant households will account for 82% of U.S. population growth for the next 40 years. These households will have a disproportionate number of children. Marketing focused on this fact will have an advantage.
  17. Urban rentals are favored by 77% of Gen Y (approximately 75,000,000 emerging renters).
  18. Baby boomers are entering a prime renting period based on age. Do you have a senior renting strategy?
  19. Offer an energy saver gift basket to new renters moving in. Include energy saving light bulbs, weatherstripping, and other items they can use immediately to cut utility bills.
  20. Craigslist is statistically the source of over 14% of new leases.
  21. Posting Craigslist ads late in the day improves their effectiveness.
  22. Posting Craigslist ads on Saturday night is the most effective posting time of the week.
  23. Most rentals occur on Monday and the volume trails down over the course of the week

Real Estate Trends: Luxury Apartments in Bangalore

In recent years, Bangalore, also called the silicon valley of India, has grown rapidly. The city’s lifestyle, demographics and job opportunities have attracted people from all over India. With this, the need for luxury apartments in good locations has also surged. Customers are not only viewing these homes as an asset, but also as a change that offers an enriched lifestyle.

Spurt in luxurious apartments in Bangalore

In the last few years, Bangalore’s real estate market has seen a surge in luxurious houses. These houses are primarily targeted towards high net worth individuals and therefore, real estate developers are focusing on high-end villas and row houses equipped with all the modern amenities.

Profitability is the main reason for developers to join the premium houses bandwagon. Prices of these homes range between Rs. 2 to 12 crores. The homes are not only large in terms of square feet area, but also have added benefits such as Wi-Fi, swimming pool, jogging track, badminton courts, sensor locks, etc.

Thanks to technological advances, developers are able to build customized villas having amenities of international standards. Bangalore’s real estate developers have reinvented their offerings from time to time, which have further fuelled the demand for high-end residential homes.

Region wise growth of premium apartments

North/North West

A series of premium apartment projects ranging between Rs. 2 to 4 crores have been undertaken in the sub-markets of places like Hebbal. Developers have chosen the place because of its prime location, good connectivity and ongoing infrastructure development. Numerous luxury houses have come up in the area between Hebbal and Yelahanka. North Bangalore has all the potential to develop as the hub of premium residential homes.

South

In the south, Bannerghatta Road has seen a surge in premium villas and houses priced between Rs 1.5 to 4 crores. Localities like J P Nagar and Banashankari too have seen a surge in high-end residential villas.

East

Premium villas have come up in the east in places like Budigere Cross, Krishnarajapuram and Whitefield Road. The price ranges between Rs 2 to 4 crores. Proximity to the city’s airport and extensive bus connectivity has added tremendous value to these areas.

West

Several high-end residential projects have been launched in places like Yeshwantpur and Dr Rajkumar Road. Because of presence of several retail chains and hotels, demand for villas from these places have shot up dramatically.

As of now, there are many luxury home units in the city at various stages of planning and construction. Value of luxury homes in Bangalore is much higher as compared to other metros in India. The conducive real estate scenario in the city will further propel the demand of high quality housing in coming days.…

Bad Credit Score? You Can Still Get Albuquerque Apartments for Rent

Renters with bad credit score looking for Albuquerque apartments need not necessarily panic. Small apartments do not generally ask for a credit report. Even with other apartments, by proving your ability to pay rent on time, you could end up finding a good apartment for rent in Albuquerque.

Albuquerque being the largest city in New Mexico, the population of this city has only been increasing by the day. If you are one of those new residents in Albuquerque, finding Albuquerque apartments for rent may seem like an arduous task. But by knowing where to hunt for Albuquerque New Mexico apartments, you can find the right rental home of your choice.

There are numerous ways by which Albuquerque apartments may be sought, the most common being looking through ads on top news papers like Albuquerque Express, Albuquerque Journal, etc and looking on Albuquerque page on craigslist.com. Most people would even resort to taking the help of a local broker or agent, in which case it is important to check the background of the broker and ensure that there is no history of complaint against him. During your hunt for apartments in Albuquerque, you would come across a number of prospective landlords who has the right to check your credentials which includes a check on your background and a credit check. If the landlord during such investigation finds out that you have a bad credit history he may reject your proposal.

Having a bad credit score shouldn’t prevent you from searching for rental homes in Albuquerque. It definitely does pay to have a good credit score. But if you don’t’ have one, there is nothing really to worry. There is no strict requirement for a minimum credit score but when you have one, it gives the potential landlord the confidence that the rent will be paid month on month without any default. Smaller apartments and single family Albuquerque apartments do not usually ask for a credit history. You should try place like North East Heights, South West Valley and Mesa, some part of downtown to get cheap rental deals.

In situations when a copy of the credit history is called for, you could submit a letter explaining the reasons for bad credit history. You could also convince the landlord of your ability to pay rent on time. Most landlords of Albuquerque apartments for rent around the above mentioned areas and sometimes in Paradise Hills would be satisfied with your explanation but may also ask for a recommendation letter from your previous landlord. By submitting the letter you are indirectly proving your creditworthiness.

But there is something that you could do to rectify your bad credit history. You can get your credit status evaluated from the three major credit bureaus. The report of each of them normally reveals the discrepancies if any in the reports. So, do not unnecessarily worry if you have a low credit score. You will still be able to find Albuquerque New Mexico apartments for rent.…

What Do Apartments in Dallas Check For When They Run Your Application?

Apartments in each state and, even in each city within the same state, have their own different qualification procedures when reviewing the application of a potential new renter. Take the state of Texas as an example. The largest metropolitan areas in this state with the highest concentration of apartment communities are Dallas, San Antonio and Houston. There are thousands of various apartment complexes in each of these cities. You would think they would have the same requirements for approval when running an Application for a new renter since they are all located within the same state of Texas. However, Dallas has very unique requirements that are different from Houston and San Antonio as well as different from other cities and other states.

Apartments in the illustrious city of Dallas check four (4) major areas in order to approve your Application: criminal background, income/job, rental history, and credit. It is the combination of these specific 4 areas that make Dallas requirements unique as a city, as well as how lenient or strict they are within each of the 4 areas.

For instance, In Houston, located only 239 miles away from Dallas, there are some apartments that consider your debt and your debt to income ratios as well as Social Security fraud history, when checking your Application. These are items that are never checked by Dallas apartments when they run your Application. Also, Dallas is more lenient than Houston when doing a criminal background check when it comes to fraud and financial crimes. Several apartments in Dallas will still work with you if you have a misdemeanor or felony in those categories, whereas in Houston these two areas are almost always causes for denial of your application.

As another example of how unique Dallas qualification requirements are, consider how Dallas differs from another major city, San Antonio. In the city of Dallas, apartments do not check how long you have worked at a particular job. The length of your employment history is not a consideration. As long as you HAVE employment and income that can be verified, most apartments will approve your application. In fact, you can have a brand new job, or even be transferring here to Dallas from another location, and all you need is a “Hire Letter” from the new employee showing your start date and your rate of pay. This is different from San Antonio. Most apartments in San Antonio want to see at least 6 months of employment history.

So, as you can see, Dallas has unique requirements that they check for when running an apartment application. Here are the specific requirements that Dallas apartments look for in more detail:

1. The first area that the best Apartments in Dallas check is your income qualifications. They almost always require that you earn three (3) times whatever your rent amount is. Other cities and states may require that you earn 2.5 times, or even 3.5 times the rent amount, but almost all properties across the board in Dallas …

Rookie Mistakes To Avoid When Investing In An Apartment Building

An apartment building can still be a good investment today. Why? For starters, there are still a lot of people who are still looking for homes to rent. In addition, the units of an apartment building do not just have to be spaces for residence or homes for families and individuals. By getting the right permits, units in an apartment building can be rented out as commercial spaces.

First-time buyers of apartment buildings will certainly have high expectations regarding this particular investment. This is mainly because they will invest a significant amount of money for this venture. As such, if you want to make sure you will own the right apartment building that can help you find success in the field of property rentals, make sure you avoid these common (and costly) rookie mistakes:

Not looking into the history and reputation of the apartment building’s builder or developer.

As a first-time owner of an apartment building, the last thing you want to happen is to stumble upon some structural problems or system failures. As such, it is important to check the background, capability, and reputation of the company that constructed the whole property. Going online and asking companies or individuals that have worked with the property developer is a good way to get some ideas about their competency. If the property developer has a good reputation and has stellar reviews about the properties they built, chances are, it is quite safe to buy a building that they constructed.

Buying a property that is located in an unpopular area.

When purchasing an apartment building, keep in mind that aside from your budget, an important factor you have to consider is its location. Real estate experts say that it is a good idea to buy a property in an area that is improving since buying in a declining location will simply result in high vacancies and rent drops.

Not having sufficient cash flow and reserves.

As a newbie investor, if you are not confident with your reserved funds, you have to get into deals that will create a quick cash flow only. Avoid going into deals that won’t provide a cash flow from day one even if that transaction promises a huge potential profit since you may be put at risk of being unable to pay the bills.

In addition, make sure you have enough cash reserves. Failure to do so can get you involved in different complicated situations. As a property owner, keep in mind that a lot of unexpected issues can happen. As such, you need to have a reserve fund that is adequate to pay for these emergencies.…

Making the Transition From an Apartment to Your First Home

Between myself and my real estate team, we have worked with several first time home buyers we have had several times where a first time homebuyer was moving from an apartment complex and into their first home.

We found that this transition in real terms is not that big of a deal, however it is the sentimental, emotional, and financial part of the transition that can have the biggest effect on a first time homebuyer. In other words, first time homebuyers that have been renting in the years leading up to the purchase of their first home have, on average, moved a half dozen times before the move into their first new home. The average age of a homebuyer is 32, and i can remember making at least 5 times before planting down in my first place. Point being, its not the actual move that causes the fear or the challenge in the moving transition; we have found that its all inside the buyer’s head.

With that said, the biggest change for a first time homebuyer will be the emotional and financial changes that occur through the process of buying one’s first home. Most notably, in most cases, a buyer’s monthly payment will go up compared to the rent that they were paying. Also, renters are used to calling the landlord when something breaks in the place that they are renting. For a first time homebuyer, something we do with our initial consultation is set expectations and try to ease the “sticker shock” for a first time homebuyer. We do this by encouraging the buyer to “pretend” to make his or her would-be payments so that they can get a feel for it and not get all stressed out the first month they move in. I’ve found that this fear of a higher monthly payment is all inside your head. Many buyers initially fear the higher payment, and sometimes it is a deterrent from buying a home in the first place, but I’ve found that all buyers get used to their new payment and make it a part of their lives and adapt and adjust their finances accordingly. A buyer gets qualified for a home loan, so the bank is taking a statistical bet that the buyer will be able to handle the payments, and i tend to agree with them on this as well.

However, a buyer can get over this financial concern by making the “pretend” payment; for example, if rent is $1500 a month, but the new mortgage is going to be around $2200 a month, then make the rental payment, and throw $700 into a savings account every month leading up to your home purchase. For some buyers who are buying a short sale, this may entail more than a few months of saving, which is even better and directly addresses the second most common concern about the home-purchase transition for a new buyer which is maintaining and taking care of the home they just bought.…

Looking for Affordable Apartments for Rent

Are you moving to a new city? If you are then, finding affordable apartments for rent is probably one of your priorities. You can choose from plenty of options in your search these days. Finding the right rental property may not be as difficult as you imagine.

Your income is the first thing that you should consider if you are looking for an apartment. It may be possible to seek help from organizations like HUD if you fall within a certain yearly income. You can benefit from the affordable apartments for rent for low income tenants that these groups offer.

Do you fall within the state guidelines of programs like HUD? If you do, then you should make sure that you take advantage of the opportunity to find affordable apartments for rent according to your income. These organizations work with your specific level of income so you will only pay what you can actually afford.

Asking questions from the people I knew was the first thing I did, when I was looking for affordable apartments for rent. This turned out to be one of the most valuable resources available. I was lucky to have friends and family members who were willing to help me find a place that I could afford on my meager waitress income. I have to say that I was shocked when I discovered many cheap, unadvertised apartments for rent in my area.

An unadvertised rental that was behind a private home was one of the nicest options available to me. I found a cozy one bedroom suite that was perfect for me in that small building. I almost fell in love with the place, even though it wasn’t one of the affordable apartments for rent that I put on my list. That wonderful apartment was just too far out of the way for me.

I had no choice but to try the other affordable apartments for rent on my list. I had my eye on a place that was located on a perfect location and I already knew the landlord. I talked to the owner and asked to be put on a waiting list because the current tenant was about to move. I would have never known that the apartment was going to be available if I hadn’t networked with friends and family.

You can also find affordable apartments for rent by searching the newspaper. However, shopping around might be a better option. It’s important that you become familiar with the neighborhood. It would also be wise to consider how far you want to drive to work each day. You can find the best cheap apartments for rent available by simply asking around.…