Greece’s property market is on the up, with a much healthier outlook than for a long time. For three quarters in a row, according to data from the Bank of Greece, prices have been rising. That’s the longest sustained rise since 2008. We’ve certainly seen these nationwide trends reflected here on the islands. In fact, right over the last three years, we’ve seen a huge return of interest in the property market in Greece. This is for a number of reasons, including economic stabilisation, greater letting flexibility and international transport links.
Now that you have bought your home in the sun, the chances are that you might want to use it as a holiday let, either full time, or when you are not using it yourself. This is easy as long as you do everything correctly from the beginning, says Diana Giannoulis of Corfuhomefinders. But any shortcuts or omissions may result in problems in the future. Here’s what you need to know about renting out property in Greece.
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