Greece Real Estates and Property for sale News: The Greek real estate is recovering

A contrary view to the general global trend experienced in 2009 investment in the Greek property market, according to a report by RICS (Royal Institute of Chartered Surveyors).

Investment activity around buildings strengthened to 70% of countries worldwide in the fourth quarter of 2009, following the trend that had emerged at the beginning of the second half of the year.

Countries that were waged by China and Brazil, where 58% and 61% of respondents showing an increase of sales and purchases real estate income, such as office buildings and shops, to the corresponding rates of 29% and 47% last year. As the report of the RICS, the lowest interest rates and higher returns on real estate have led more and more investors back into the market. At the same time encouraging sign is the growth in demand from tenants in a number of areas around the world. This shows, inter alia, in most developing countries, that much of Latin America, Europe and Asia.

The fact is that in most Western European markets, the investment interest was significantly improved in the last quarter of the year, which resulted from the increased number of bids received per property. In this regard, the largest recovery made purchases in the Netherlands and Italy, while in Italy, Switzerland and Cyprus, the trend remained downward. Deterioration continued to record as Bulgaria, Romania, Hungary and Turkey.