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Fractional Ownership – Greek Property Investment on the Cheap?

Fractional ownership is a relatively new concept, based around the idea of buying a part share in a property. There is a little confusion between fractional ownership and timeshare, but the two ideas are slightly different. Fractional ownership gives you a portion of the deeds, rather than the mere right to occupy the property for a number of weeks in the year. This ownership allows you to take advantage of any rise in value, and promises to avoid some of the pitfalls associated with the notorious timeshare industry. In a way, most Greek properties are fractionally owned, and are often shared between many family members.

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Greek Real Estate and Tourism – A Glimmer of Hope

Despite the doom and gloom surrounding the world economy, we did find some good news that cheered the Greek people up.

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Finding a Good Contractor for your Self-Build– The Final Part of your Overseas Property Investment.

With the help of your lawyer and architect, you have bought a plot, finalised your designs and can now move into the final stages of your overseas property investment. Some decide to save money and organise the building work themselves, others choose to use a contractor. Saving money is always a powerful motivator, but you must ask yourself if doing all of the site management is false economy. Unless you have some experience in the building trade, and knowledge of Greek, it can end up costing you much more money.

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Self Building – Residential Property Investment in Greece.

The next stage of your self-build is to find a properly accredited architect or engineer, who will draw up plans for your dream home. This is probably the easiest part of the process, because there are very few dishonest architects in Greece. Working in an earthquake zone means that they are highly trained and heavily regulated, and a shoddy architect faces a jail term if they are found cutting corners. Greeks tend to translate the term ‘architect’ as a building mechanic, so do not be confused if they start talking about finding a mechanic – it has nothing to do with cars!

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Greek Property Investment Advice – Buying a Building Plot

For many people, especially those with a low budget, buying a plot of land and self-building is one way of affording a dream home in the sun. In Greece, the whole process can appear to be a little daunting, but finding and employing the right professionals makes the task easy and relatively painless. The first, and most important stage, is to find a good lawyer, who will guide you through he legal niceties surrounding buying a good plot of land.

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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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In a recent interview with the national newspaper, To Ethnos Tis Kyriakis, George Papandreou unveiled his vision for the future. The leader of the opposition socialist PASOK party laid out some of the changes that his party will make if he is elected as Prime Minister. The ruling New Democracy party possesses a wafer thin majority in parliament, and the increasing unrest amongst the population means that a snap election could be called at any time. Opinion polls indicate that PASOK has edged ahead of ND, and the consensus opinion suggests that Papandreou could be forming the next Greek government before the year is out.

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