The current softness in the international housing market provides a perfect opportunity for smart investors to buy a property at bargain prices. Property in Greece is an opportune investment for several reasons: the tourism industry is definitely on the rebound, and with 15% of Greece’s GDP made up of tourism-related industries, the economy is already on a steady upswing. Also, prices for property in Greece slightly lag those in other countries such as Spain and France.
Purchasing a property near the water is almost guaranteed to bring in income if purchasing a to-let property, hotel, or other investment property. For those wishing to purchase a holiday home, the list of available properties is almost endless. You’ll be able to find a perfect place to hide away by purchasing real estate in Greece.
Greece has so many wonderful locations with property for sale; your most difficult decision may be where to buy. Crete, the largest island to the south of Greece, is a paradise on earth with large cities and long stretches of rural areas. From Malia, which is popular with young, active individuals, to Rethymno, where families like to congregate, to the largest city of Heraklion, you’ll want to search for property on Greece in locations that will suit you best.
Thessaloniki is a popular location on mainland Greece, with its sheltered bay and sunny location. The island of Kefalonia is also becoming a favourite choice. It features gorgeous views of the sea, a lush landscape, mountains and caves for trekking or exploring, and very friendly people. For a more remote location, consider Skopelos or Kalokairi islands.
If you’re purchasing property in Greece as an investor, especially an off-site investor, it is highly advisable that you retain an attorney. Each prefecture and town will have its own rules, and having someone to help you navigate the rules and regulations, as well as file the necessary paperwork at the right times, will be an immense help.
Your transaction will go through much more quickly, with fewer bumps in the road, and actually cost you less with an attorney than without. Also, a good attorney will know what areas have been trending up and which have been flat or trending down in value. Real estate attorneys and/or real estate agents should be able to advise you of the average occupancy rate, rental incomes, and details regarding electricity, telephone service, and water.
with the latest Greece property available to view online. Options to sell property greece as well as market news and advice
By skeeze from Pixabay