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🇪🇪 Estonia /Economy & Trade

EXPLAINED: How can you make €1 million flipping apartments?

From Postimees · () Estonian

Translated from Estonian and summarized by DistantNews. Read the original for the full story.

At a glance

Explainer Named sources Context piece
  • Apartment flipping involves buying a run-down property, renovating it, and selling it at a higher price.
  • Earning €30,000 per apartment would require repeating the process enough times to reach €1 million.

Buy a worn-out apartment, renovate it, and sell it at a higher price. On the surface, apartment flipping looks like a simple business in which profit appears almost by itself.

If one apartment produces a profit of €30,000, reaching €1 million would require repeating the same strategy enough times. The property portal City24 reports the calculation.

About this summary

Originally published by Postimees in Estonian. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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