Corridor 10 – Good news for Greek property investments
Greece has always suffered from one unavoidable weakness when attracting investment of any type. Its relative isolation from the rest of Western Europe makes the swift transit of goods extremely difficult, so the country relies upon shipping or long and arduous routes through Eastern Europe. Obviously, this is a major problem for freight companies and exporters, but it also creates difficulties for foreigners moving to Greece on a temporary or permanent basis.
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GREEK DREAMS AND RETIREMENT HOMES
Everybody loves Greece, the epitome of sun, sea and sand mixed with a rich history and culture culture. Millions of tourists flock to the islands, and fall in love with the romantic Greek dream. Some decide, reasonably enough, to buy a holiday or retirement home, swayed by the relatively low price of Greek property. Greece is a wonderful country for relaxation, but it is important not to let passion sway financial decisions. Take a deep breath and do some research before deciding upon the perfect home.
THREE GREEK PROPERTY HOTSPOTS
Outside Athens, the Greek property market tends to be much more of a slow gainer, and real estate rises slowly but steadily. This tends to make investment a long haul rather than a quick gain, whatever the multitude of commercial magazines and estate agents claim. Despite this, there are a few Greek property hotspots that may well produce benefits over the next few years.
