New Year Opportunities in the Greek Property Market

New Year New Opportunities

Welcome to our first newsletter for 2010.

So what’s the story so far this year ?

Predictions on Sterling vs the Euro are targeted by reports from the major currency houses to reach 1.20 ( sometime this year, but no one has put a date yet on when this magical figure will be reached ), I have to say we have had a positive opening and we are currently seeing 1.15 so far this month.

What about Property ?

My view for the market is that we will see a steady increase in sales volumes through 2010, so good news for those that are selling their properties.

There is a lot of talk surrounding the Greek economy and the national debt in the international press right now, I have recently visited our offices in Greece and the local real estate market ( greek residential ) remains buoyant and it is anticipated that 2010 will see a significant rise in the International buyers particularly in areas such as Crete, Corfu and Zakynthos.

Easy jet have just announced a number of new routes to Greece in 2010 with prices starting from only 41 GBP further details can be found on www.easyjet.com

Fuerteventura seems to have resolved the issue of the lack of flights over the winter with Ryanair returning to its services for the Island and Easy Jet now running its regular services to Stanstead and other UK airports, in fact I traveled to Stanstead recently with Easyjet and you could not have found a better flight.

Good luck, happy hunting and wherever your search may you find your DREAM HOME we are there to assist you.

If you have a flight only GoldAcre Estates can assist you in finding your perfect accommodation to stay during your search for your Dream Home.


Please remember any comments that you may have on how we can improve our newsletter are always welcome write to me directly john@goldacre-estates.com


John Goldacre

Patmos is one of Europe's Most Idyllic Places to Live

If you want to be in your own unspoiled world, move to one of these picturesque spots.
The above phrase is describe the island of Patmos, at an text at the www.forbes.com .

Last year, the rising dollar meant European property was becoming more affordable. But even now that the globe is fully in recession, Europe's most idyllic locations have yet to lose any of their charm.

Fortunately, that hasn't led to high prices absolutely everywhere. While many tranquil spots in Europe remain pricey (think Tuscany), others like the Greek island of Patmos have remained somewhat easier on the wallet.

What Patmos--a tiny island in the Aegean Sea--doesn't have in terms of expense it makes up for in religious history. Also known as the Holy Greek Island of Patmos (it's where St. John is thought to have written the Book of Revelation), the island is home to more than 50 churches. But it has its origins in Greek mythology: The legend goes that Zeus allowed Patmos to rise up from the ocean, and humans are thought to have settled there as far back as 2000 B.C.

In Depth: Europe's Most Idyllic Places To Live

Patmos also offers peace and quiet, with a population of just under 3,000 and space of 13 square miles--and it isn't teeming with tourists. The only means of transport to and from there is a ferry boat from the neighboring islands of Samos or Kos, yet visitors who know of the place return time and time again.
"Patmos' saving grace is that it has no airport," says Patricia Schultz, author of 1,000 Places To See Before You Die. "It is quiet, traditional and removed but not primitive. That and a beautiful interior and great beaches draws a very sophisticated crowd."
Yet living here won't dent the wallet too much. A three-bedroom house located about a five-minute walk from the beach will set you back 300,000 euros ($428,700). A one-bedroom house, also near the beach--it's hard not to be on such a small island--costs around 160,000 euros ($228,650).
"Prices in Patmos haven't really moved too much in the last year," says Elena Panagopoulou, of GoldAcre Estates in Patras, Greece. She adds that while property prices have slid in Athens, they've been resilient on the country's 227 inhabited islands.
http://www.forbes.com/2009/09/03/europe-most-idyllic-places-lifestyle-real-estate.html