Shakespeare’s A Midsummer Night’s Dream may be about lovers in Athens, but in the midsummer of 2019 it’s property buyers who are feeling the love in Athens. As prices rise by nearly 6% in the capital and not much less in the islands, no wonder that international buyers are flooding in. Greek property prices are rising fast.
If you think of the Greek islands, you probably think of the Cyclades: white-washed villages with blue-domed churches, steep cliffs and sea views all around. Santorini, Mykonos and Naxos attract hordes of tourists every year, but it’s easy to find quiet spots if you know where to look. Join us as we head off the beaten track.
As Greece’s recovery from the financial calamity of the past decade continues, we look at what is happening to Greek property prices right now. It’s not just in homes that there are more than encouraging signs, in many sectors of the property market the recovery is not just continuing, but gathering pace.
What’s happening in the luxury property market in Greece? It has long been a popular choice for luxury home buyers. And it’s easy to see why; few places quite match the beauty of these Mediterranean islands, or the art and history that appeals to those with a taste for the finer things in life. What’s more, a big budget goes much further here. So what will €500,000 buy you in Greece?
Brexit’s on the way, but enquiries for Greek properties are on the up. It’s no surprise as prices begin to stabilise, but are still more affordable than pre-crisis. Plus, with a €250,000 investment, buyers can get a residence permit if there’s a no-deal Brexit. So, with plenty of positive news, what’s ahead for the Greek property market?
