If you are looking for some business opportunities in Europe
, there are some who say that Spain is right for entering into new ventures. With the recent downturn in its economy, there may be some good deals available especially in real estate. As a foreigner, you would need an NIE number which is a requirement in doing business in Spain. You can get information about NIE number help online by searching for it on search engine portals. By typing "NIE number help" you can be directed to websites that can actually process the NIE number for you for a fee. Some websites claim that they can help you save money by doing this service. It is something worth doing especially if you live in another country far from Europe.
Buying property on a depressed real estate market is one of the things you can do to make money in the long run provided that you are cash rich and are willing to wait and invest your money in the property market. With enough cash, you can even get discounts on the listed price. You may, through haggling or negotiation get 30% off of such listed price, perhaps even more as long as you are willing to pay cash for it.
Here are some other useful tips for you in doing business and making money in the property or real estate markets:
- Look for houses that are foreclosed by banks. There are some houses or homes that have been foreclosed by banks. Banks are not real estate companies and their main business is to make money through financial instruments. Make them an offer and perhaps the banks will accept it. You should be able to figure out how much the house cost and how much the bank is willing to let go off it. Banks may have made some money already with some of the payments and they should be willing to sell it at a reasonable price. Again, be a tough negotiator in getting the price down.
- Renovate and refurbish properties that have residential potential. There are some buildings that have been abandoned or foreclosed which you can pick up and purchase inexpensively. Convert such places depending on where it is located. Some former warehouse areas have been slowly converted into residential places. This is because space is a premium in the city. You can fix these buildings to become lofts. The other option is to convert these warehouses into small self storage places. Do your research and see if you have enough financing for doing such a project. You can make a decent profit doing this.