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.

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.

Greece, a safe option for Overseas Property Investors

Due to financial times many investors are looking to Greek property rather than stocks and shares and Greece is heading the charts for European Property Buyers. Greece is offering the safest option with a healthy banking structure.

With the global financial market in turmoil, knowing where to invest your money isn't as straightforward as it used to be. Stocks and shares are more volatile now than over the past couple of decades,and banks are collapsing throughout the world.

While the credit crunch are spreading far and wide there are safe havens waiting to be exploited.
Greece is one of the European countries to be guaranteeing all deposits in its banking system at the moment, and The Telegraph recently reported the country was at the heart of a new financial Europe.

Greece's own economy is one of the fastest growing in the Euro-zone, with the country enjoying a sustained economic boom post 2000, including a significant expansion in construction and engineering. Greece is at the hub of the new emerging markets, including the Balkans, and Greek banks have been among the top performers in the EU banking sector, flourishing at home, where they have profited from a surge in the freed-up loans market.Economy and finance minister George Alogoskoufis recently argued that Greece is better placed than most European countries to weather this storm.

“Greece's economy, due to reforms that took place in previous years and the dynamic it has developed, is more resilient than other European countries in this extremely difficult international environment,” he said.This new financial popularity isn’t restricted to the banking sector. Investors that have had their fingers burned by the global stock markets are wary with their funds. Stocks and shares are ultimately worth as much as someone will pay for them, and in this current climate, that amount isn’t nearly the guaranteed outcome it used to be. Where can traditional stock market investors look to place their funds and weather the storm?The answer isn’t a new one; Property. Unlike stocks and shares, property is a tangible asset. It’s not only about investing for the gain, it’s about bricks and mortar. Purchasing property is a very real investment that stands the test of time. Property values peak and trough, but your investment buys you other options.

The rental market is rapidly expanding with high-end luxury property at the forefront of this demand. However, the UK market has witnessed its peak, so the key is where to find that next rising market.Perhaps not unsurprisingly, Greece’s property market is one of the few in Europe to see an increase in values. Strong demand from sun-seeking Northern Europeans added to the thriving local demand. At the beginning of August of this year the Greek authorities said the recent increase in property sales is just the beginning. "Demand for luxury homes within complexes is constantly rising," said Giorgos Souflias, the country's public works minister.Greece is a unique country, half of its territory consists of mainland, with its remaining half consisting of a scattering of islands.

Each island has its own character quirks and charms, some tranquil, some lively, and each has its own property microclimate. "The islands have something for everyone, and they are close to home for Europeans, so foreign interest is strong," said Yannis Perrotis, head of CB Richard Ellis-Atria real estate consultants in Athens.Samos is a beautiful and charming island situated a stone’s throw from Turkey in the south eastern corner of Greece’s territory. Renowned as the birthplace of Pythagoras and for its nectar wine, Samos is a verdant island paradise brimming with quaint character. It also benefits from direct UK flights and a thriving domestic market, boosting rental demand all year round.But despite high occupancy levels, a faithful customer base and increasing international demand, there is one area where the island falters and that is it’s lack of five star accommodation.

In answer to this demand Halcyon Developments are constructing the first luxury five-star marina resort on the island. Halcyon Hills Luxury Resort & Spa has a selection of village-style properties ranging from apartment suites to villas. Off-plan property prices average just €3,500 per square metre.On the popular Aegean islands of Paros, Naxos, Rhodes and Crete, prices can reach €7,000 per square metre. Therefore it is perfectly feasible to assume these prices on completion of the Halcyon Hills Resort, if not more.Investing in property during these tumultuous times is an assured way of placing your funds into a solid asset. Property is a tangible investment that can be fully utilised during your ownership. Not only is your investment secure but purchasing off-plan property means your investment will accrue value during the course of the two-year build time. Once complete, your property is guaranteed an eight per cent rental return for a period of two years.Shrewd investors recognise the opportunities during these tough financial times.

Your money can be as safe as houses if invested in bricks and mortar, all you need do is weather the storm in the right place, because the only certainty in this market is, it will improve.For more see: http://www.goldacreestatesgreece.com/eng/property/new-details.asp?ID=55

Article Propvided by Homes Worldwide

Kalamaki Court: New Development for sale in Zakynthos, Ionian Islands, Greece Property for sale

The Kalamaki Court is an exclusive holiday complex set in the stunning countryside of Kalamaki. It is a unique new concept in townhouse living where each unit offers the quality and feel of a luxury villa but with the convenience, security and price of a holiday apartment. The Kalamaki Court was built in 2007 and consists of high quality two-storey holiday homes, set within secure gated grounds accessed only by the residents by an intercom system, offering some of the highest quality holiday properties for sale on the beautiful Greek Island of Zakynthos. The villas are located in a small quiet courtyard amongst olive groves and pine woods and only a five minute walk from tavernas and shops, with the heart of Kalamaki a few minutes walk further.

The complex consists of one bedroom townhouse of 48sqm at the price of 120,000 Euros and a two bedroom townhouse at the price of 140,000 Euros.

ONE BEDROOM TOWNHOUSE:Its ground floor has its own UPVC front door entrance which opens onto an airy open-plan living and dining room with fully fitted kitchen base and wall units. The kitchen has spacious in-built storage cupboard, the living room opens onto large veranda with poolside view and marble stairs lead to first floor. The first floor landing to bathroom and large open-plan bedroom, the bathroom is fully fitted with white bath, wc and basin and there are UPVC windows and fly screens throughout.
TWO BEDROOM TOWNHOUSE: Its ground floor has its own UPVC front door entrance which opens onto an airy open-plan living and fully fitted kitchen base and wall units. The kitchen has spacious floor to ceiling height in-built storage cupboard, WC with sink and area for washing machine, the living room opens to large veranda with poolside view and marble stairs lead to first floor. The first floor landing with doors to bathroom and bedrooms, both double bedrooms have spacious fitted wardrobes and verandas with poolside and countryside or sea view, the bathroom is fully fitted with shower, WC and basin and UPVC windows and fly screens throughout. The townhouses are available furnished or unfurnished.

The communal areas consist of two large communal swimming pools with flag stone surroundings and sun loungers, a children's pool, landscaped grounds and gardens with barbeque area & outside showers, a number of parking spaces, with overspill parking to the rear of the site and an attractive 2 metre stone wall & fencing surrounding entire complex providing security and safety. For the communal places there is full maintenance of grounds, gardens & exterior of properties and full property & rental management services available for your rental clients.
This stylish new holiday complex built in 2007 with an 80% LTV Mortgage package available with 10 year interest only payment. Bookings for 2009 already secured which will automatically be transferred to new owners if interested to buy to let. The potential rental income is between 5%-8% based on last year's rentals. The popular resort of Kalamaki is located in the EU protected National Marine Park of Zakynthos, which means that new developments are highly restricted. Due to this fact, the capital appreciation of these units is expected to be significant (5-10% annually).

The distances from town is 5km, from nearest beach is 1.5km, from nearest resort is 500m and from the airport is 4km.

Greek Real Estate Best European Investment

Intrnational Herald Tribune reports that Greek Real Estate defies the market doldrums with Greek Islands Property being favoured by increasing numbers of Europeans looking for luxury invrestments in Greece…..


Greek real estate boom defies market doldrums
By Niki Kitsantonis Published: International Herald Tribune July 22, 2008
ATHENS: Increasing numbers of affluent Europeans are buying or building luxury properties on the Greek islands, even as the market for top-end holiday homes in other European destinations like Spain and Bulgaria remains stalled, Greek real estate agents say.

Industry experts explain that the range of available properties - from extravagant new villas to bargain plots - has been attracting foreign buyers, some of whom say their investments have doubled or even tripled in value in just a few years. "The islands have something for everyone, and they are close to home for Europeans, so foreign interest is strong," said Yannis Perrotis, head of CB Richard Ellis-Atria real estate consultants in Athens.

There are about 70,000 foreign owners with property in Greece and, while there are no official records of house purchases by foreign nationals, there is a lot of anecdotal evidence that the numbers are continuing to grow.

The British and the Germans make most purchases, according to agents, who agree that the slump in the British housing market and a weak pound have had little impact on top-end property sales. Next are the French, Italians and Scandinavians. There have been fewer U.S. buyers since the dollar fell against the euro, but fast-growing interest from newly wealthy Russians is absorbing the slack.

Agents say most of these customers pay €4,000 to €10,000 per square meter, or $590 to $1,470 per square foot, for new top-end properties, depending on the cachet of the location. These prices, up by about 20 percent since a 2005 real estate boom, are three times as high as those for similar structures in the fledgling second-home markets of Turkey, Bulgaria and Croatia and significantly higher than those for equivalent properties in Spain, where prices have plummeted in the past year.

Also, they note that the price of land on the islands and subsequent construction costs are a fraction of the expense of buying something new from a developer. For many prospective buyers, however, completing a sale on one of the several hundred Greek islands can be a Herculean task. "Many are turned off by the endless procedures," Perrotis acknowledged.

He and other agents complain that inadequate national laws governing real estate purchases and an incomplete national land register causes complications and delays, complaints that also are heard from developers trying to build luxury vacation complexes.

By early next year, a new national zoning law is expected to clarify where construction is allowed and where it is forbidden, although the minimum plot size required for building, now 4,000 square meters, or nearly an acre, is not expected to change.

Any prospective buyer must hire a lawyer who can navigate the land register and deal with forestry and archaeological authorities. For older buildings, a civil engineer should be enlisted to check the structures' resistance to earthquakes, which are common in Greece.

Just as the islands have different characters - some tranquil, others lively; some with strong Venetian or Ottoman influences, others distinctively Cycladic, with white-washed villas - they also have different rules. "Some islands require more paperwork, others are stricter about issuing building licenses, so it is best to talk to an agent first," said Giorgos Zappas of Re/Max Properties in Athens.

Generally, EU citizens face the same requirements as Greeks, and all buyers must pay taxes of 19 percent on new construction or about 10 percent for older properties. "There is some extra paperwork for non-EU citizens, like Americans and Russians, but we help with that," Zappas said.

Prices for new luxury homes vary. On the popular Aegean islands of Paros, Naxos, Rhodes and Crete, they range from €3,000 to €7,000 per square meter. More tranquil spots, like Antiparos, Patmos and Tinos, have a similar price range.

On the more cosmopolitan Mykonos and Santorini, the sky is the limit for property costs. Foreign interest in Santorini is more or less restricted to areas around the caldera, the large central lagoon that was created by a massive eruption 3,600 years ago. Most villas with caldera views cost €3 million to €4 million.

Prices are similar on Mykonos, where a well-positioned new home costs €7,000 to €15,000 per square meter. A magnet for jet-setters since the 1960s, the island is divided into two zones - blue, where building is allowed, and brown, where it is not.

But there are a lot of "unofficial" rules too.Roy Elsbury, a 52-year-old British property developer, said his first attempt to buy on Mykonos was aborted when the seller asked for payment under the table. "Coming from an environment where everything is done by the book, it was a shock," he said.

Elsbury's second attempt was successful. In 2005 he bought two 100-square-meter villas on a cliff overlooking Mykonos's famed Elia Beach. Now the renovated 20-year-old properties have doubled in value and are worth €1 million each, he said.For Keith Miller, 59, an NBC-TV correspondent, building in Greece was surprisingly trouble-free.

With a good lawyer and "a great deal of homework," Miller built two villas on the Ionian island of Corfu. He paid €60,000 for the land, which is in the island's coveted northeast region - called Kensington-on-the-Sea because of its growing population of wealthy Londoners. And he spent €500,000 to build the villas.

The larger property - a 500-square-meter villa built in 2005 - has tripled in value to €1.8 million, according to Aylesford International, a London-based agency. He rents it out for €7,000 a week in the summer, which covers the maintenance cost on both properties.

Corfu has one of the largest expatriate communities of all the islands, accommodating 20,000 Britons alone.

The Ashcrofts, a British-Corfiot couple, recently finished renovating a 400-year-old mansion, a relic of the island's Venetian occupation. "It was a real challenge to do it in the original style but we got there in the end," Alex Ashcroft said.

He and David Ashcroft, both 65, bought the property 14 years ago for the equivalent of £56,000, or $112,000, and said they had spent "about double that" on renovations. Now, they say, their home has been valued at €1 million.

On postcard-pretty Hydra, between the Argolic and Saronic Gulfs, near Athens, a few wealthy Europeans have renovated neoclassical buildings, albeit with difficulty. Cars are banned, so donkeys are used to transport materials, said Alex Calothis, who runs an agency for foreigners scouting Hydra and the southern Peloponnese. Calothis said many Britons had inquired about old houses for renovation but then ended up buying new. "The lure of a no-hassle, key-in-hand villa usually outweighs the romantic dream," he said.

The Peloponnese - a peninsula connected to the mainland by a narrow strip of land - is attracting buyers, particularly Germans, despite the damage caused by severe fires last summer.

The Peloponnese, Crete and Paros have been besieged by developers building luxury complexes with golf courses and "clusters" of high-end villas. Last year, about 400 villas were built just on Paros, an island that totals only 200 square kilometers, or 75 square miles, with a full-time population of about 13,000.

The authorities say the recent increase in property sales is just the beginning. "Demand for luxury homes within complexes is constantly rising," said Giorgos Souflias, the country's public works minister, who insists that Greece will not overdevelop its coastland as Spain has done.

But Dimitris Bailas, prefect of the Cyclades island group, including Mykonos, wants the islands' character preserved. "Authorities should offer incentives for the renovation of original buildings, not allow construction on every hill and beach," Bailas said.

APHRODITE’S GARDEN LEFKOGIA: New Development for sale in Rethymno, Crete, Greece

The project is situated west of Lefkogia, facing southwest to the Libyan sea, overlooking the bay of Plakias. The plots are well above sea level so you actually look down over a spectacular, uninterrupted 360o panoramic view to the sea. You will always have to keep pinching yourself to check if you are dreaming or not. The homes are surrounded by the green olive groves, vegetable fields and vineyards of this cultivated area. The eight detached stone villas are to be built on a gently sloping site which in total area is 17,427m2. Each house stands in a generous plot ranging from 1,900m2 to 2,500m2.

The 8 villas are to be developed on 2 levels. Four of the homes are to be of two storeys, and the other four will have a split level design allowing access to roof terraces from the bedrooms. The large terraces, barbecue areas and pergolas give excellent space and privacy for each villa. The use of local Akoumia stone allows the properties to blend harmoniously into the local environment. Also, as the development is outside the village area, the homes sit on very large plots in compliance with Cretan planning laws. The individual pools range in size from 35m2 to 80m2 and complement the 100m2 villas perfectly. For storage, each home comes with a basement giving a further 50-70m2 of usable space.

More Information on this new development : http://www.goldacreestatesgreece.com/eng/property/new-details.asp?ID=39

or email us : mailto:info@goldacreestatesgreece.com?subject=Aphrodite´s Garden

New Website for Finding Greek Homes Launched by GoldAcre Estates

A new website has just been launched for finding real estate in Greece, at www.goldacreestatesgreece.com.

GoldAcre Estates is proud to announce the launch of its new website for finding Greek homes, at www.goldacreestatesgreece.com. Shrewd investors have long seen real estate in Greece as an opportunity. But now, Greece is emerging as the new destination for holiday and retirement homes. It is anticipated that the real estate market in Greece will experience exponential growth in the coming years.
"Though the recent slump in property markets along with the rise in euro interbank interest rates has caused alarm in many European countries, real estate in Greece is in much better shape than its Spanish and UK counterparts," says John Goldacre, Managing Director for GoldAcre Estates. "The time is right to fully exploit the opportunities that Greece has to offer."
The Greek market place is very consumer orientated which will be one of the drivers of the Greek homes market in the future. Greek families hold huge land banks that have been amassed over many years and it is anticipated that these will start to be released. In addition to this, Greek families and communities that are spread throughout the world such as the United States and Australia are starting to realize the value of the property that has been held in their families for generations.
GoldAcre Estates, one of the leading Canary Island Real Estate companies, has recognized the long term opportunity that Greece has to offer, as it has been involved in real estate in Greece for more than 8 years.
"Greece offers some of the most diverse beauty that can be found anywhere, with over 2,500 islands, ski resorts and some of the most beautiful beaches and coves that can be found not only in Europe, but the world," says Goldacre. "Together with the ancient monuments and history make Greece an irresistible place for a permanent vacation home, investment or place to retire."
GoldAcre Estates’ new site, www.goldacreestatesgreece.com, is a comprehensive site that not only includes up-to-the-minute property listings, but the latest Google map technology and tourist information. The property information is identified by region, covering the whole of mainland Greece including the individual islands and ski resorts.
Greece is well served by many airlines. There is also an abundance of charter airlines that serve destinations throughout Greece both in the summer and winter months.
Elena Panagopoulou has been named new Operations Manager in Greece, charged with implementing GoldAcre Estates’ total customer satisfaction policy.
Crete is already experiencing a building boom by the Cyprus based developers. In other regions of Greece, European development companies are building a mixture of quality properties that offer excellent value for the money. The main difference with the Greek real estate, says Goldacre, is that it is sustainable.
"The Greek homes market is no flash in the pan. Buyers will experience continual and steady growth over years to come because of factors like flight accessibility, European support and inward investment by the Greek government. Greece’s short winter makes it an ideal place for retirement and vacation homes. And, with the diversity of property and locations, it ensures that the Greek real estate market is the marketplace of the future."
About GoldAcres Estates
GoldAcre Estates’ success is based on total client satisfaction and is the main driver throughout its expansion into the Greek homes market. The company has scheduled a long term investment program which will eventually see a network of 10 offices throughout mainland Greece and the key Greek Islands. For further information, please visit www.goldacreestatesgreece.com or e-mail john@goldacre-estates.com.

GoldAcre Estates Launches New Greek Website!

GoldAcre Estates the successfully Canary Islands Real Estate Agent has expanded its International Network of offices to now include the important and exciting Real Estate market of Greece.

GoldAcre Estates Greece is dedicated to providing the first class service that GoldAcre Estates has become renowned for with its Canary islands clients, the new website www.goldacreestatesgreece.com offers many new and exciting features including extensive use of Google maps to assist clients with the location of each property, along with many unique features for the areas of property search, you will be able to compile you favorites lists and send properties on to you friends for their advice and discussion.

The whole Greek property market offers outstanding future growth opportunities and the selection of properties available, extends from stunning beach and marina locations to rural stone houses and ski lodges and chalets.

Greece is a diverse marketplace that is steeped in history with a great infrastructure and accessibility from throughout the world by both boat and plane including some of the well know tour operators and Low Cost airlines such as Easy Jet.

Huge inward investment was made in Greece to accommodate the 2004 Olympic Games of which the whole country has benefited from, and this is now being seen in the real estate market with a stable and of course continued growth market.

GoldAcre Estates new website covers all areas in Greece including some of the well known Islands such as Crete, Corfu, Santorini, Kos , Rhodes, Mykonos, Poros, Kafalonia, Zante and many more, the mainland coverage of this website is extensive and includes places such as Athens, Patras, Thessaloniki, Olympia, Nafplio and so much more by visiting www.goldacreestatesgreece.com you can travel to a whole new world of real estate opportunities

Developers and private clients alike GoldAcre Estates is an Estate Agent who has a pedigree of offering a service second to none, and would like to discuss your opportunities to offer to their extensive client database, individual clients that have either new or resale properties for sale GoldAcre Estates can provide a new and exciting service to promote your property in Greece.

For further information GoldAcre Estates can be contacted at info@goldacreestatesgreece.com or visit www.goldacreestatesgreece.com