Welp MagazineGreece is a popular tourist destination, and the country’s property market has always been attractive to those looking to invest in real estate. Despite the global economic crisis, Greece has weathered the storm, and its property market has remained relatively buoyant. From luxury villas on the islands of Mykonos and Santorini, and new houses for sale in Alimos, to modern city apartments, Greece offers a wide range of properties for sale or rent. Greece’s property market is, however, a very different beast for both buyers and investors. Regulations are strict, and in many cases, the bank involved will require a local taxpayer or resident to be a co-signatory on the mortgage. To get a good idea of the property market in the country, we have put together this brief overview for those who are willing to buy properties in Greece.
It is a legal requirement for prospective buyers of property in Greece to register their interest with local real estate agents. This can be done either directly with the relevant agent or through an overseas buying agency. The latter may be more expensive (typically 5% of the purchase price) but offers a number of advantages. An overseas agent can take care of all the legal and administrative procedures, liaise with the local bank on your behalf and also provide you with a full property management service. This can be particularly useful if you do not speak the language or have no knowledge of Greek law. They will also help you to find a reputable local builder who can advise on suitable architects, surveyors, and interior designers (which is important as most properties are sold ‘as is’). The agent will also carry out any necessary repairs and make sure that the property is prepared for sale (painting, wallpapering, and cleaning).
With its Mediterranean climate, stunning coastal views, and vibrant communities, buying property in Greece is indeed a sound investment decision. The main areas where many buyers choose to buy properties are mainland Greece’s largest islands, such as Crete and Corfu. Corfu is an especially popular choice, as it has a stunning natural environment and offers a wide variety of services and attractions.
Corfu Town
The capital of Corfu Island, the town of Corfu, is located on the northwest coast of the island. Corfu Town is filled with a wide variety of shops, bars, and restaurants. It also has many historical sites that are worth visiting, including the Church of Saints Spyridon and Agios Georgios. The town also has two beautiful beaches. Corfu is a great place to visit if you want to enjoy the nightlife, as it has many bars and clubs that offer live music and entertainment. The narrow cobbled streets of the old town are worth strolling down and are perfect for exploring on foot. Corfu Town boasts some of the most iconic scenery in all of Greece – from rolling hills to stunning coastline views. Furthermore, its close proximity to other islands like Paxos and Antipaxos offers potential buyers a wealth of opportunities to explore everything this country has to offer. From ancient sites to romantic beaches, Corfu Town is a great place to invest in real estate if you’re looking for a piece of paradise that’s steeped with both culture and natural beauty.
Elafonisos Island
Elafonisos is an island in the Gulf of Patras. The island is a popular summer destination for tourists and locals alike. It has a long history and was once a place where many pirates lived. The island is now famous for its beautiful beaches, a popular destination for tourists from all over Greece. The island has many small villages and towns that offer accommodation and great places to eat. There are also several beaches that are perfect for swimming, relaxing, and lying on the beach. There are also many small bays and hidden coves that are perfect for taking photos or just relaxing. The island is also famous for its many festivals, including the Festival of the Virgin Mary, which takes place between May and August. There are also many other festivals that take place throughout the year. One of the most famous festivals is the Festival of the Grape Harvest, which takes place in September. The festival offers many events, including concerts and dances. There are also a number of other festivals that take place throughout the year, including local celebrations and sporting events. There are many places to visit while in Elafonisos, including the Monastery of Agios Ioannis Theologos, which is a picturesque monastery that is built on a small island and can only be reached by boat.
Alimos
Alimos, an area located just south of Athens, is one such destination that offers potential buyers a chance to call Greece their home.
Alimos is filled with ancient architecture and friendly locals who keep alive the traditions of this storied nation. Whether living in the city or enjoying a beachfront property in nearby Saronida or Voula, potential buyers can take advantage of all that Athens International Airport is located within the boundaries of Alimos. Alimos is served by the Line 2 of Athens Metro, with three stations. It is also the seat of the Hellenic Naval School, founded in 1911. Alimos has a long history, dating back to 600 BC when it was a deme of ancient Athens.
Athens
The city of Athens provides an excellent opportunity for those interested in buying property abroad. It has a strong economy, making it an ideal place to buy a home that can be rented out or used as a holiday home when you’re not there yourself. In addition, there are plenty of properties available at various price points which cater to different needs and budgets.
Athens has an excellent selection of properties to choose from, especially when looking for apartments. The city is a popular destination for expats and students who are looking for a place to rent, with plenty of options available. This includes modern and traditional apartments as well as those in more rural locations. Some of the most popular student areas include Metaxourgeio, Gazi, Exarcheia and Kypseli. Some of the most popular expat areas include Kolonaki, Lycabettus and Omonia. As well as renting an apartment, it’s also possible to buy a property in Athens. Properties in Athens vary in price depending on their location, size and the quality of the building.
Metaxourgeio is a popular area for those looking to rent an apartment. Metaxourgeio is a fairly large area, so it s easy to find a place that suits your budget. There are plenty of places for students to meet up, including bars and clubs. It s also close to the National Archaeological Museum and the National Gardens. The area has a very bohemian feel to it, so many of the apartments are converted lofts.
For those looking for a luxury apartment in Athens, Kolonaki is the place to go. Located in the centre of Athens, Kolonaki is popular among those who want to live in a high-end neighbourhood. The apartments are often quite spacious and boast stunning views of the city. Renting in Kolonaki is not cheap, but there are plenty of luxury apartments for rent in Athens.
Crete
In particular, Crete — Greece’s largest island — offers a range of properties suitable for buyers who are looking for a permanent residence or holiday home in this idyllic part of the world. From traditional villas and modern apartments to waterfront developments and former ruins turned into luxury dwellings, potential buyers can choose from an array of different properties on this beautiful Mediterranean island. The island of Crete is located in the South-Eastern Mediterranean, lying between the islands of Karpathos, Rhodes, and Cyprus. It is the largest of all Greek islands and boasts a population of around 856,000. The capital and main city of Crete is Heraklion, which has a population of over 100,000 people. The island’s climate is hot in the summer months and mild during winter. The temperature is ideal for growing citrus, olive, and almond trees as well as for producing wine. The island’s main tourist destinations are the town of Chania, Rethymnon, Heraklion, and Viannos. The port city of Heraklion is home to many beautiful beaches and the popular archaeological site of Knossos. The island of Crete is one of the most popular tourist destinations in Greece. The island has a very rich history and culture. It is also known as the birthplace of Zeus, king of the ancient Greek gods. The island of Crete is home to many beautiful beaches and the popular archaeological site of Knossos. In May 2011, it was voted the world’s best island by TripAdvisor users. Crete is by far the largest island in Greece, and its terrain divides into three regions: North, Central, and South. The island has a mountainous interior with many villages and a spectacular coastline with beautiful beaches and numerous bays.
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