Ibi, Valencian Community

bedrooms 4
bathrooms 3
|Apartment
THB ฿1,085,422
EUR €31,000
Published on: 30 Oct 2024
Last updated on: 12 Dec 2024
Ibi, Valencian Community
Ibi, Valencian Community
Ibi, Valencian Community
+7
Ibi, Valencian Community
  • 7
Property ID: 310095318887
Translate to English
Ibi, Valencian Community
A squatted home represents a unique investment opportunity, but also a notable challenge. This type of property has been occupied without the consent of the owner, either by people in vulnerable situations or by organized groups looking for abandoned spaces. Squatted homes are often located in strategic urban locations, where real estate prices can be high. In general, these are properties that, being inactive or neglected, have attracted groups looking for alternative housing solutions, giving them temporary or prolonged use without paying rent. In many cases, these homes may be deteriorated due to lack of maintenance, but there are also exceptions, and some retain their basic living conditions.For investors, acquiring an accepted home comes with certain additional risks and costs, but it can translate into a good financial opportunity. The price of these properties is usually considerably lower on the market due to the irregular situation, allowing an interesting profit margin in case of regularization. However, the investment must contemplate the legal costs associated with the recovery of the property, as well as possible remodeling and repair expenses, given that some squatted homes may have been subject to unauthorized modifications or be in unfavorable conditions. The vacancy process may require time and resources,

Property Details

Basic Info

Property Type
Apartment
Land Size
88.00 m2
Building Size
88.00 m2
Rooms
4 bedroom(s), 3 bathroom(s)
Address
Ibi, Valencian Community
Contact Agent
Century 21 Evolution
CENTURY 21 Evolution
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      Property ID: 310095318887

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