January 1, 2010
When investors look at Greek property investment, they normally think of Mykonos Crete or Attica, places with a well-established market that generates quick profits. Certainly, for higher end property investments, the kudos attached to these places is guaranteed to generate interest and has fuelled a development boom. However, the recent economic crisis has caused the market to stagnate, a little. Developers and investors are finding it increasingly difficult to make a profit, especially when the new government is threatening to increase the taxation burden upon high-end property portfolios.
