Investing in Property in Greece

There’s no greater historical country in Europe than the place where the continent’s civilization originateeveryone intrigued and longing to visit the country at least once in their lifetime. The country that has produced great thinkers,Guest Posting like Aristotle, and some famous places, like Athens, Corinth and Sparta, is now, a modern country with every remnant from the ancient civilization and not-so-ancient history intact.

If ancient Athens was the Yacht Rental Greece cultural and artistic centre of the Mediterranean, producing magnificent works of architecture, sculpture, drama, and literature, then the modern Athens represent everything that money can make possible with a comfortable and lively lifestyle on offer. That’s why, a Greek property is always regarded as the prized possession for every investor.

Property Market in Greece

The real estate market in Greece has shown an upswing over the past decade. The euphoria generated by the Olympic Games in Athens in 2004 was magnified by the recent inclusion of the country into the European Union. As a group member, naturally, European investors are lining up to grab a piece of Greek real estate. However, the government has recently hiked property taxes in Greece and that has slightly dampened the overall bullish trend in the property market.

However, the forecast for Greek property is positive from every quarter within government taking pains to attract foreign direct investment into the country.

Greek property in general is mostly freehold and protected by the country’s constitution. The construction of Greek buildings is strict according to the stringent European Regulations and Standards, and since Greece is prone to natural disasters, the design of buildings is prepared in such a way as to pre-empt every eventuality.

Holiday home seekers in Greece will find plenty of vacation property available at reasonable rates along the Mediterranean Coast and within the 2000+ islands that Greece owns throughout the Mediterranean. You can look forward to handsome rental returns throughout the year, and even visit and stay in your home whenever you desire. This is the reason why property within the popular islands like Crete, Rhodes, Corfu and Zakynthos or Zante as it is sometimes called, command a greater premium among investors.