Published on 23 June 2008 at 12:00 pm
Filed in Property News for Greece » The Property Market in Greece is Developing
Greece is an interesting nation to consider when writing about property investment and buying homes abroad because whilst it is a hugely popular holiday destination, few foreign buyers ever buy second homes, retirement properties or even investment real estate in Greece. The reasons for this include the fact that it is expensive to buy on the mainland and on the islands, it is far from a simple experience thanks to a lack of centralised land registry, and because the government has made it all but impossible for overseas buyers to enter the market in the past.
But ironically, when all around us international property markets are flagging as a result of a global ‘credit crunch’ and more specifically because of stagflation in the UK, the property market in Greece is developing.
Read full article...
See all of our Property News for Greece
The property buying process in Greece is relatively straightforward if a little expensive. And anyone looking to invest into the Greek property market will benefit from the fact that there are few restrictions placed on foreign ownership of land and property in Greece. The main exceptions to this being real estate close to Greece’s borders with Turkey and near military bases.
Real estate investors interested in buying property in Greece will of course find more English speaking estate agents and lawyers available to assist with the process in the major coastal resorts and on the most popular Greek islands, however wherever a buyer chooses to invest he will likely find English speaking assistance.
Read full report...
Property investment opportunities in Greece are broadly available countrywide and exist in the residential, commercial, retail and industrial property sectors.
The majority of overseas investment into the Greek real estate market is currently centered on the residential, second and holiday home markets however; but following on from Athens hosting the Olympics in 2004, investors are beginning to take more interest in residential and commercial opportunities in the major Greek cities as well.
Read full report...
The incredible choice of real estate available in Greece for property investors and second homers is one of the main attractions of the entire Greek property sector. Add to this the fact that villas and apartments in Greece remain highly competitively priced and the Greek economy has room to improve and you have all the ingredients for a popular and expanding real estate sector.
Quite simply there’s a property opportunity for every investor in Greece from city slick buy to let accommodation to seaside tourist rental housing units - and Greece even has an emerging market within an emerging market for those who prefer bleeding edge property investment for maximum profit potential.
Read full report...
