Golden Visa Investment By Amir Saranga Buying 1.5 rooms apartment in Thessaloniki Greece: Pros and Cons. Purchase cost € 65,000 NIS 250,000 mortgage interest rate 196 monthly repayment NIS 2,200. Annual income from rent 7.5 months per year: 5.5 in an academic year and 2 months on average in summer vacation: 11,625 NIS (1550 NIS = 7.5 months). Expenses: NIS 2,200 Mortgage per month « 12 months = NIS 26,400 per year. Total monthly cost of investment for 10 years is about 1,230 per month. The current bank account balance sheet is NIS 90,000. Total Expenses per month « NIS 1000 = 12 months * 8 years = NIS 96,000 until end of mortgage apartment in Tel Aviv. Which could please my father and still be fine concerning my finances? Cons. | decided not to invest Percentage of ownership of the apartment 12.72% Balance The total cost of the apartment 60,000 € Cost percentage of apartment ownership in € is 7,632 2755152 NIS The amount of loan 30,000 NIS for 36 months Prime interest cost + 0% = 1.69% = 480 NIS per year x 3= 1.440 NIS Loan total repayment is = 875 NIS per month. Electricity rates in Israel and Greece for a3 rooms apartment owner Greece electricity prices 2021 Household, kWh + 24% VAT €0229=NISO.871 Israel electricity prices 2021 Household, kWh + 1796 VAT NIS 0.506 = €0.133 Gap prices in NIS 0.871-0506-0365 Greece price is expensive 41.99 more Full year rent 365 days electricity Israel price is: 3107.5 NIS. Full year rent 365 days electricity Greece price is 31075 NIS +41.9% = 4,408.8 Gap 13018 NIS = € 342.58 per year x 10 years = € 3,425.87 = 13,018.33 NIS Total ROI investment electricity cost price is -13,018.33 NIS Does the property management company payment cover the cost gap? Cons