Snapshot of Property in Greece

Friday, May 13, 2016

Snapshot of Property in Greece

Anything we write about Greece here will undoubtedly be out of date the minute we go to press, such is the contantly changing situation of bailout talks that is the ongoing narrative. At the point at which we are compiling this issue, another round of talks is about to commence - a review of the third bailout - with the prospect of negotiations stretching on for several weeks.

Yet in many ways the fundamentals that draw many of us to this eastern Mediterranean country have changed little for centuries: the stunning natural scenery, the authentic seaside towns and villages with their laid-back and traditional lifestyles, the hospitable and fiercely proud locals.

As we have reported in our last magazine issue, sources report that buyer enquiries have actually risen, with many investors especially scenting chances to take advantage of desperate sellers. Yet many Greeks will do anything to avoid losing their homes after they have lost so much else so you won't find a slew of "new" bargains.

Interest from buyers is focused on Crete, Corfu and the Peloponnese and the typical budget is €100,000 to €300,000, although there are charming little stone houses from as little as €40,000. Then you have the micro markets of fashionable Mykonos or Spetses, for example, where property prices still remain relatively high because the locations are still highly sought after.

Popular places in Greece on

  1. Crete
  2. Mykonos
  3. Poros
  4. Santorini
  5. Kos
  6. Samos
  7. Skiathos
  8. Rhodes
  9. Cephalonia
  10. Corfu

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Liz Rowlinson


Liz Rowlinson

Originally published in A Place in the Sun magazine - Issue 125