Why Choose Greece?
- Undeveloped property market with first-rate investment opportunities
- Very favorable estate prices relative to the ascertained Spanish market
- Proud member of the European Union since 1981
- Ca 40% lower cost of living than other EU member states
- Hospital locals and low rate of crime
- English is widely spoken as it is a mandatory language in schools
- Modern infrastructure
- A wide stretch of coast line - a maritime country
- More than 300 days of sunshine - hot summers with a cool breeze, and mild, very pleasant winters
- All ownership rights on new property are done on freehold
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Greece is a country that offers a tremendous history, rich traditions and culture, a perfect place for residence, is rest assured. It is a land of a magical plethora of divine blue skies, splendid all-year round sunshine, never-ending stretch of sapphire sea, golden sandy beaches, tranquil waterfronts, unspoiled natural landscape (80% of the population are to be found in major urban areas) and surprisingly hospitable natives characterized by their frugal way of living made to ease the way of life.
It is the Greek peoples unspoiled nature that provides for them a wholesome lifestyle covering the rich but healthy diet they relish (wine, olives, fruit and fish). To add to that, the land outside the major metropolitans has been preserved and eluded from being over-developed unlike other popular property markets (e.g. Spain and Thailand). This unblemished and safeguarded land provides an unparalleled solution for residence with living standards apt for a foreign citizen.
A cliché that Greece is the most beautiful land in the world can be confirmed and felt only when in Greece. It is a paradise for tourists and holiday makers, leaving them a long stretch of coast line and beaches of the highest category and beauty. People tend to forget that Greece is a ‘hidden away treasure’ with unseen places, a heaven for property owners and retirement homes.
Lower cost of living and competitive property prices
In addition to the high quality of life in Greece, it is in particular the relative lower costs of living vis-a-vis other EU member states and the US coupled with the lower property prices, that is definitely very good news for the prospective overseas homebuyer.
However, property prices being very appealing and a good deal lower than in other countries may be misleading as the total cost of a property purchase can easily surge due to unanticipated costs. This can be very likely if you happen to snatch an older property that in most cases may require extensive renovation or might find that the property is not on freehold (for example, house and land share different owners).
It is advised to not be misled by these ‘hidden costs’ that usually can accrue uncontrollably, and instead to look for buying recently developed or new developments, that nonetheless their slightly higher price or premiums to older properties are still very alluring in comparison with similar properties in the more established real estate markets in Southern Europe. They are also very attractive investment opportunities.
