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.
“We’re not tourists anymore – we live here!” It’s the first thing we all say when we move to Cyprus, determined to live like a local and take advantage of the lower living costs. So what does that mean in practical terms? For a start it means shopping like a local. Here’s what you need to know about shopping in Cyprus.
As soon as you walk through the door you may know in your heart that this is your dream home. But, just pause a minute and take off those rose-tinted glasses. Consider its condition and the cost of bringing it up to standard. Could you do it? What will it cost? How do you get a building survey in Italy? You find a Geometra.
So at last you own a dream home in Greece. Okay, back down to earth! Now you have to deal with all the utilities in Greece to make sure the operation of your home goes smoothly whether you’re there or not. If you imagined that Greece is blighted by bureaucracy, you would be right. But the good news is that there is always someone to help you.
Imagine swapping a dreary, overcast British winter for the sunny skies of Cyprus. That’s what hundreds of Britons who own a holiday home in Cyprus do every year – and then they make a good return letting it out over summer. And, Cyprus’ ‘golden visa’ scheme means you could even guarantee yourself EU residency after Brexit. So, how does it all work?
If you’re dreaming of life in Greece, but don’t want to leave the UK full-time, a winter holiday home could be just the ticket. You could spend winter soaking up the Greek sun, then make a tidy profit letting it to holiday-makers in summer. Plus, you could even get EU residency by buying a Greek holiday home above €250,000 – so what are you waiting for?