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Tuesday, 6 January 2009

Homes for sale in Greece

According to an international survey in the next couple of years it is estimated that over 1 million vacation homes will be bought in Greece by foreigners. This means that over 150 billion euros will be pumped into the economy. It is expected that the bulk of the investors will be from Great Britain.

In the last year, and despite the irregularities in the world economy, it is estimated that over 35,000 pieces of real estate properties were purchased by British nationals abroad.
Greek Real Estate has no fears, the banks continue to have a steady cash flow and lend money out to investors of status with low interest rates. Greece has many types of real estate properties on the market, and with this in mind investors will find just what they are looking for and in the location they desire.

Tourism in Greece is the steady factor for growth and development, and it is something that the government has invested a lot of money into, in my opinion well spent euros.
We must note that Greece offers some of the most beautiful landscapes in the world. There are over 2,500 islands, and some of the most beautiful beaches in the world, ski resorts, the traditional villages and the modern cities, the archeological sites that are all over this country, and let’s not forget the food.

In Greece we have a saying “Buy land it is money in the bank”. In my opinion it is a wise saying, property never loses its value especially when the property is in Greece.

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