Home News Invest in Homes in Argentina, England, and More for As Little As $100

Invest in Homes in Argentina, England, and More for As Little As $100

by admin
0 comment
  • US home prices are still hovering near record highs, making real estate investing a costly business.
  • Partially owned companies help people invest in real estate even when they are short on cash.
  • Two startups that allow Americans to buy stakes in overseas real estate are analyzing the process.

It’s hard to own a home in America — and expensive – Enough.

American now Growing interest in Europe Other – Relatively – Cheaper Overseas Spots to Buy Piedatère and investment propertiesThis move is not without its challenges. Inflation and other costs are straining homebuying budgets, and prospective investors often have to deal with foreign investment restrictions.

But some startups are making it easier for Americans to enjoy the benefits of buying a second home abroad or becoming a landlord abroad.

took housie When flywaya new startup embracing the growing trend of real estate investment: partial ownershipThis trend allows everyday people to buy a piece of real estate instead of shouldering the entire bill. In return, the investor gets a portion of the profit from renting out the property or, in some cases, can visit the property for a certain period of time.

The dining area of ​​a housey unit in Buenos Aires, Argentina.

The dining area of ​​a housey unit in Buenos Aires, Argentina.

housie



Can’t afford to buy an entire Airbnb? Buy one share and profit as a co-landlord.

Housie, a platform founded in Argentina in July 2022, partially invests in attractively located studio apartments for short-term stays in popular South American cities such as Buenos Aires, Argentina and Santiago, Chile. provide customers with the opportunity to

According to Housie co-founder and CEO Germàn Rimoldi, the company admits to taking advantage of some countries with weak economies. like argentinahe added, which is a popular approach to real estate investing.

“When Argentinians started buying property in the United States in 2008, we saw an investment opportunity when prices dropped significantly,” Rimoldi told Insider. I found it easier to understand for my home.”

Some of Hoousie's lists.

Some of Hoousie’s lists.

housie



Today, users can buy real estate shares for as little as $100 and receive quarterly dividends depending on the real estate’s performance in the short-term market.

Data from Redfin shows that the average price per square foot in Argentina was $195 in August 2022, down 16.5% from the previous year. According to Rimoldi, Housie is buying a studio in the heart of Buenos Aires’ downtown district for about $200 per square foot, which he believes is well undervalued.

Once purchased, the company lists the property on Airbnb. According to vacation rental data company AirDNA, Buenos Aires has 12,105 active rentals of his. For comparison, Miami has 13,280. So far, Rimoldi said, Fugee has a total of six apartments (one in Chile, two in Argentina and three in Florida), and the platform has more than 1,200 US investors. Registered.

On the other side of the world, Flyway, a startup based in London and Athens, Greece, is taking a different approach to fractional ownership.

Buy a share of a London apartment for just $150,000 and stay there for a few weeks a year

flyway, Founded in 2021, raised $10 million In August, targeting wealthier investors. Its clients are dealing with luxury pied-a-terres, or second homes, rarely visited by their owners.

flyway homepage

Flyway has raised $10 million in funding.

flyway



Customers can purchase up to 6 out of 12 shares in a turnkey house in London. It will soon be rolled out to other big cities in exchange for spending at least a month at home later this year.

Flyway founder and CEO Nikos Drandakis told Insider: “I dumped a lot of money on hotels.”

Flyway currently offers four homes in London, with prices as low as £131,000 ($149,121) per share for a one-bedroom unit on Liverpool Street and as high as £519,000 per share for a two-bedroom apartment . Since the dollar is currently strong against the pound and the euro, Investing in European cities Relatively affordable and more attractive to Americans.

Flyway listing page

The cheapest pie à terre starts at £131,000.

flyway



After dividing the property among the investors, Flyway assumes the role of property manager and charges a monthly fee. Still in the preliminary stages, Flyway has sold some stake, but the house is not yet rented out.

As for future plans, Drandakis wants to see if his product works in London first, but he intends to focus on the large metro system.

“At villas, everyone wants to go there in July. When you have eight, ten owners, it’s very difficult to divide the time,” Drandakis said. , when you have a house in a city, you usually don’t have this kind of seasonality.There is demand for these houses all year round.”

You may also like