The Property Market in Greece is Developing

Greece is an interesting nation to consider when writing about property investment and buying homes abroad because whilst it is a hugely popular holiday destination, few foreign buyers ever buy second homes, retirement properties or even investment real estate in Greece.  The reasons for this include the fact that it is expensive to buy on the mainland and on the islands, it is far from a simple experience thanks to a lack of centralised land registry, and because the government has made it all but impossible for overseas buyers to enter the market in the past. But ironically, when all around us international property markets are flagging as a result of a global ‘credit crunch’ and more specifically because of stagflation in the UK, the property market in Greece is developing.