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Saturday, 6 February 2010

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

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Friday, 18 December 2009

2009/2010 Currency Round-Up from Currencies Direct

Watching the price action between Sterling/Euro over the past few months has been like trying to push a dinosaur uphill - slow and frustrating! However, as we end the year it looks like Sterling has moved away from the threat of parity and should mover higher in 2010 with the potential for a 15 % appreciation against the Euro.

The recent bout of Sterling weakness was partly fuelled by comments from the Bank of England(BoE), underling the fact that a weak currency was crucial if the UK was to not only export its way out of the global economic slump, but it would also make the UK a much more attractive proposition for overseas investors.

A clear sign then from the BoE that a weak pound was of no real concern and something they would not look to prevent. With the UK enjoying extremely flexible labour laws and a fairly resistant consumer, the BoE is looking for the pound to take the “bad medicine “ahead of the Euro and bounce back in 2010.

The data coming out of the euro zone has been patchy to say the least, with the strong data out of Germany and France overshadowing the weak data from the rest of the member states,and following the problems in Greece growth in the euro zone in 2010 could lag behind that of the USA and Japan again a problem weighing on the single currency The ratification of the Lisbon treaty by the Irish has gone mainly unnoticed by the currency markets, as it was seen as a forgone conclusion. Going into 2010 what will be of most interest, is how the different member states handle their economies. It was very easy for the European Central Bank (ECB) to slash rates along with the rest of the world. However, as the global economy starts to gather pace, not all member sates will relish higher interest rates. Ireland, Greece, Portugal and Spain will not welcome higher rates and the Germans, with their huge budget surplus, have stated they will not be prepared to subsidise other member states. It could prove a real test of the “European dream”.

In the current climate, currency markets overreact and that is why a move to parity still cannot be ruled out. However, if the UK economy starts to grow and the ever increasing fiscal debt can continue to be sold into the world markets, then a strong move higher in 2010 will happen . With the threat of a double dip recession upon us, and unemployment continuing to rise in the UK and the Euro Zone, it could be the flexibility and agility of the UK economy against the one size fits all policy of the Euro Zone that sparks this move higher.

2010 will prove to be a real test for Europe as the weaker member states who have mishandled their economies during the good times find the currency markets will be very unforgiving in the bad times

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Wednesday, 2 December 2009

Property for sale in Greece. Greek Homes

GoldAcre Estates brings you the largest selection of properties for sale in Greece. Villas, Apartments, Townhouses, Commercial Businesses for sale or plots of land to buy.

Property for sale in Greece offers you the largest selection of old stone houses, rural property, modern apartments and villas for sale along with sea and beach front homes to buy. Purchase your dream home from a large selection of stunning marina properties, or you might want to buy that perfect plot of land to design and construct your own self build home in Greece.

We will find your perfect property for you.

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Monday, 23 November 2009

The Cost Of Living In Greece

The cost of living in Greece is considerable lower than in most other EU countries, but it offers a good standard of living and a wonderful quality of life. Studies indicate that the cost of living in Greece is about 30% lower than Cyprus' and Cyprus' is 30% lower than Spain and Portugal. Over and above the lower cost of living, those who purchase property in Greece will be amazed by how inexpensive houses are. In addition the Greeks have a very low crime rate, low pollution, and plenty of sunshine.

Annual Income

A couple living permently in Greece can expect to require an annual income of around £10,000 (14,000 Euro). Example;

House running costs + food.....................................£4816
Two people eating out twice per week..................£1664
Garden maintenance................................................ £984
Car insurance.......................................................... £310
Petrol 5,000 miles per year at £2.25p per G............ £360
Return trip to the UK................................................£600
Contingency fund.....................................................£1266
Total per year......................................................£10,000

Food Prices
Prices have risen quite steeply since the introduction of the Euro in 2002, but locally grown produce is cheap when in season. Imported and processed foods are often highly priced.

Furniture/Appliances
To give you an idea of the price of furniture and kitchen appliances, here are some examples for a typical starter package;
Electric cooker...............................................£350
Fridge freezer................................................£350
1 x double bed................................................£275
2 x single beds...............................................£350
Dinning table & 4 x chairs............................£350
Three piece suit (1 x sofa 2 armchairs)......£730
Patio furniture (plastic table & 4 chairs.......£90
TOTAL COST..............................................£2586

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Wednesday, 16 September 2009

Loft in Athens

Another way to live in a lovely place is in a loft. The Fashion of Loft, seems to come in Greece. The Minimal aesthetic, combined with the industrial design and huge single rooms without partitions, where there is use of metal and wood.

The old industrial sites and factories have started to become integrated arrays loft and sometimes parts of Athens, which seemed deserted now, is acquired with color and life.

We have seen that from time to time in different U.S. films and we envy, now it is time to “live” in Athens. The loft promises freedom of movement, with open bedroom in loft, with kitchen, living room and other rooms are on the main floor.

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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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Saturday, 29 March 2008

Greece’s National Day saluted by Bulgaria’s Sofia Echo



Greek National day March 25th Sofia Echo takes a look at the Greek community in Bulgaria, greek property and history in the Ionian Islands, GoldAcre Estates and holidays in Greece sunshine Islands


In honour of Greece’s National Day on March 25, The Sofia Echo takes a look at the Greek community in Bulgaria, business relations between the two countries and opportunities to explore and relax


Article courtesy of Greek national tourism organisation tourism office in Sofia, Bulgaria


Where the sky is blue and the history rich
The archipelago of 11 islands large and small strung out along the west coast of mainland Greece is known as the Ionian Islands. The six large ones are Zakynthos, Ithaka, Corfu, Cephalonia, Lefkada and Paxoi, the small ones being Antipaxoi, Ereikousa, Mathraki, Othonoi, Meganisi and the cluster of uninhabited islets to the south of Zakynthos, the Strofades. Together with Kythera, which is cut off from the rest, opposite the southern Peloponnese and the shores of Lakonia, as well as neighbouring Antikythera, they constitute the Heptanese.


The historic past of the Ionian Islands, known to us from the lines of Homer’s Odyssey, goes back millennia. Ithaka was home to the cunning King Odysseus, some of whose adventures took place in the Ionian Sea, while Corfu (ancient Corcyra) is identified with the Homeric island of the Phaeacians. Important landmarks in the history of the Heptanese are their colonisation by Peloponnesians and Euboeans in the mid-eighth century BCE; involvement in the Peloponnesian War between Athens and Sparta (431-404 BCE); subjugation by the Romans in 197 BCE; Venetian occupation (1204-1797); Septinsular Republic (1800-1807); French occupation (1807-1814); British Protectorate (1814-1864); union with Greece (1864).


These islands, totalling 2200 sq km in area, with their wonderful natural environment, abundant water, fascinating towns and villages, mild climate, inviting bays and beaches, crystal-clear seas, and archaeological sites, are set like jewels in the vast blue Ionian Sea. Their ease of access, modern tourist infrastructure, diverse cultural and folklore events, facilities for sport and entertainment, cosmopolitan ambience and warm-hearted inhabitants complete their attraction.


Corfu

Corfu, which is identified as the Homeric island of the Phaeacians, Odysseus’ penultimate stop on his voyage home to Ithaca (Odyssey vi), is one of the best-known and most highly developed tourist islands in the Mediterranean. Its combination of a cosmopolitan character and couleur locale, its aristocratic town and picturesque villages are the principal poles of attraction for visitors.
The northernmost of the Ionian Islands, Corfu, is 611 sq km in area and has 200km of coastline. Its terrain is fertile, with lush vegetation and lots of water, vast olive groves, vineyards, pine forests, orchards of fruit trees and vegetable gardens. The geomorphology of the coastline varies. Steep, rocky cliffs on the west and gentle shores on east and north, ending in tranquil bays in which the greenery of the land is reflected in the limpid waters of the Ionian Sea.
Human habitation can be traced back to the Palaeolithic Age but the island enjoyed a particular heyday in the eighth century BCE and was enhanced as a great maritime and mercantile power later. During the Peloponnesian War it allied with the Athenians but later came under Spartan influence. From 229 BCE to AD 337 Corcyra was occupied by the Romans. In 1537 it suffered a devastating attack by Barbarossa. In more recent times the island experienced many conquerors (Venetians, Russians, Ottomans, French, British, Italians), which fact largely explains the diversity of its monuments, witnesses to the long and troubled course of the island’s history. On May 21 1864, Corfu was united with Greece, along with the other Ionian Islands, while during World War 2 the town of Corfu was badly damaged by incendiary bombs.
Corfu (also spelt Korfu) has a splendid cultural tradition, particularly in the arts and letters, which continue to be cultivated to this day.


Paxi

This is the smallest large island in the Ionian Sea, just 25 sq km in area, with a coastline of 46km. It lies seven km south of Corfu and its history is closely linked with that of its neighbour. Indeed, according to one myth, the two islands were originally joined together and rent asunder by a blow from the trident of the sea god Poseidon.
The whole island of Paxi (also spelt Paxoi; also referred to as Paxos) is a delightful microcosm that gives the impression of an endless olive grove alongside which are beautiful villages and beaches. In 2004, it was declared Cultural Village of Europe.
LefkadaYou do not have to travel by boat to Lefkada. It can be reached easily by motor vehicle by crossing the two small bridges over the channel that separates it from the opposite coast of central Greece.
The island is 295 sq km in area and has 117km of coastline. Its terrain is mainly mountainous, with Elati as the highest peak (118 m), a few plains, dense vegetation cover in the eastern and southern parts. The east coast rolls gently to the sea and is sheltered and bordered by verdant islets. In contrast, the west coast is steep and forms small coves with golden sands. The lagoon just outside the town is an important wetlands habitat with rare fauna and flora.
The island was settled in the Neolithic Age; the first inhabitants were Lelegians. At that time it was part of central Greece, but tradition has it that the Corinthian colonists who founded the city of Leukas in the sixth century BCE cut through the isthmus that linked the peninsula with the mainland.
During the Peloponnesian War, Leukas supported the Corinthians. Later it was subjugated by the kingdom of Macedon and subsequently became a Roman province (197 BCE). In Byzantine times it fell into decline and after the sack of Constantinople by the Franks (1204) it became part of the Despotate of Epirus. It subsequently came under the rule of the Ottoman Turks until 1684. It was united with Greece in 1864.


Kefalonia

Generously endowed by nature, a place with rare geological phenomena, mysterious caves, interesting subsoil, therapeutic springs and subterranean water, with superb beaches, traditional villages and rich archaeological finds, Kefalonia (also spelt Cephalonia) is an island of unique experiences. In 2001 John Madden shot the film Captain Corelli’s Mandolin on location in Kefalonia. The largest island in the Ionian Sea at 786 sq km and with 254km of coastline, Kefalonia lies opposite the west coast of the Peloponnese. To its north-east is Ithaca, from which it is separated by a narrow sound, the Straits of Ithaca. The two islands comprise the prefecture of Kefalonia.
Its terrain is basically mountainous with Ainos, a national forest park, as its highest peak in the south-west (1628 m). The island essentially comprises four interconnected peninsulas and has a highly indented coastline with deep bays. The rich woodlands and the extensive vineyards that produced the delicious Kefalonian wine have been renowned since Antiquity. The Kefalonians have the reputation of being the most-travelled Greeks, since for centuries they have been ploughing the seas as mariners and merchants, or voyaging as migrants to all corners of the earth. The island also has a flourishing tradition in arts and letters, boasting a number of eminent creative spirits.
Its name is possibly due to the mythical king Kephalos, while the first mention of the name of the “Kefallanians” is in Homer. The island was first inhabited in prehistoric times and in about the sixth century BCE it was divided into four kingdoms, which went to war with one another: Krane, Same, Pronnoi and Pale. By the time the Romans gained power in Greece, Kefalonia became a Roman province, while during the Byzantine Age it was plundered repeatedly by pirates. The pillage continued throughout the 11th and 12th centuries at the hands of the Normans and the Crusaders. Kefalonia was subsequently conquered by the Ottomans, the Venetians and the French. Then came the period of the Septinsular Republic, under the suzerainty of the Sublime Porte, and not long after of British rule. It was finally united with Greece in 1864.


Ithaca

An island known worldwide from Homer’s Odyssey, a mythical and symbolic place, the desired homeland of return for King Odysseus and his companions.
Ithaca (also spelt Ithaka) covers an area of 96 sq km, has a coastline 101km long and lies two nautical miles east of Kefalonia. Its western part is mountainous and treeless, with precipitous coastal cliffs, whereas the east has rich vegetation and slopes gently to the sea. Myth has it that the island, inhabited by man since prehistoric times, is named after Ithakos, son of Poseidon and Amphimile. During the Mycenaean period it acquired great power, as is attested by the Homeric epics (Iliad and Odyssey). Nevertheless, despite archaeological investigations, the Homeric capital of Odysseus and his palace have not been found, possibly because of the catastrophic earthquakes that have struck the region many times since time immemorial. An important turning point in Ithaca’s history was its capture by the Normans and later by the Orsini family (12th century). During the ensuing centuries its fate was the same as those of the other Ionian Islands.


Zakynthos

The Venetians’ Fiori di Levante (flower of the East), Zakynthos (or Zante) is known not only for its natural beauty but also for the turtle Caretta caretta.
Myth has it that the island was named after the first founder-hero, the Arkadian Zakynthos. It enjoyed a great heyday during the Classical period, but because of its strategic position was attacked many times and captured successively by the Macedonians and the Romans.
In the Byzantine Age it was plagued by pirates; afterwards came the Venetian occupation; in later times its fortunes followed those of the other Ionian Islands, until their union with Greece in 1864.
Zakynthos covers an area of 406 sq km; its coastline is 123km. On the east side of the island the vegetation is luxuriant and there are tracts of plain, whereas the west part is mountainous. The east coast is smooth and sandy, whereas the west is steep and rocky.

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