Imagine your own Greek home: a villa on the Saronic Gulf, or perhaps a Cretan farmhouse with olive groves. Now imagine that these cost the same as the average UK home – yours for no more than £250,000.
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.
With Mamma Mia! Here We Go Again opening this week, plenty of us will be dreaming once again of owning a home in Greece. Whether for a holiday or permanent move, it’s easy to see why many of us will be looking into the property market in Greece. With some of the world’s greatest beaches, healthy and delicious cuisine and the sunniest weather in Europe, the country’s Mediterranean lifestyle feels like the very essence of what life should be about.
The Peloponnese is the third most popular location for international property buyers in the country. While it is attracting non-EU buyers looking to buy in its super-high-end resorts for a “golden visa”, there is plenty for buyers with a smaller budget too. Yulia Kozhevnikova, real estate writer and analyst at the website Tranio spoke to local experts.
Greece’s affordable property and nascent economic recovery is encouraging international investors, says the website Tranio.com. With authorities targeting the year-round tourism market, can property owners look forward to four-season rentals?
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