| Buying property in Greece seems to have caught | | | | sporting laurels. Greece hosted the summer 2004 |
| the fancy of numerous property investors across | | | | Olympic games and one of the many benefits to |
| the globe. Many people, particularly those from | | | | hosting the Olympics is the value of property |
| the UK, have found investing in their own | | | | increasing. Holiday homes are now being regarded |
| country's property market a costly affair. | | | | as a valuable investment that promises good |
| Therefore, investing in foreign property has | | | | returns in the long-term. |
| becoming an increasingly attractive option and is | | | | There are many types of properties available on |
| becoming a trend of sorts. | | | | the market and the average Greek property |
| Many countries that were, until now, avoided by | | | | prices are: new 1 bedroom apartment from |
| oversea property investors seem to have sprung | | | | EUR50,000 to EUR150,000; new 2 bedroom |
| into prominence, which includes Greece. Greece | | | | apartment from EUR100,000 to EUR300,000; and |
| now has a large number of foreign nationals who | | | | renovated property from EUR50,000 to |
| have already invested in property and this | | | | EUR300,000 plus. |
| number seems to be growing by the day. The | | | | When buying property, Greece, has more to |
| property market of Greece is one of the fastest | | | | offer than just holiday homes. Many foreign |
| moving in Europe because of so many overseas | | | | nationals have invested in commercial properties in |
| investors rushing to buy property in the country. | | | | the country, especially in the more developed |
| As most people know, Greece is a popular tourist | | | | cities. Commercial properties include retail |
| destination, and it is no wonder, with its sunny | | | | enterprises as well as office buildings, and since |
| climate, stunning views and laid back approach to | | | | Greece became a member of the European |
| life. The cuisine is known throughout the world, for | | | | Union, the demand for office buildings has |
| example: moussaka, feta cheese, and dolmades. | | | | increased. |
| And many homes have a bottle of Greece's | | | | Whenever buying property in Greece, the |
| famous Ouzo in their drinks cabinet. The cost of | | | | investor must bear in mind that investing in any |
| living is 40% lower than the UK, and in today's | | | | overseas property requires adequate planning, for |
| economic climate that is welcome news. | | | | example: looking at the market situation; the best |
| Many people want to enjoy the delights of | | | | location to invest in; when to buy; and what type |
| Greece on a regular basis and are purchasing a | | | | of property to buy - for example: low-priced |
| holiday home...or two...in the country. Some | | | | single-family homes are difficult to find in the |
| visionary people are taking the concept of | | | | well-developed city of Athens, but are easier to |
| purchasing holiday homes one-step further. They | | | | find in other cities such as Larissa. There is help at |
| are buying property in Greece and then leasing | | | | hand to assist investors: local real estate agents |
| them to enthusiastic travelers. A large number of | | | | can acquaint foreigners to the realities of the |
| people travel to Greece every year and renting a | | | | property market; there are English-speaking |
| holiday home can often be cheaper that staying in | | | | lawyers specialising in property sales; and oversea |
| a hotel over a period of time. Holiday homes also | | | | holiday clubs. |
| tend to be more personnel than a hotel room, | | | | In conclusion, when buying property, Greece has |
| which is another reason why they are popular | | | | plenty to offer investors because the property |
| with travelers. | | | | choices are wide and varied, the country is |
| Greece is also popular with sporting enthusiasts, | | | | popular with tourists, and property investors are |
| after all Greece is associated with the first | | | | already making excellent returns on their |
| Olympic games and the country has won many | | | | investments. |