What is the housing market like in Greece? Is now the time to buy or sell property in Greece? The answers to those questions will vary depending on your circumstances, of course, but there are some market signs to look for when considering your next real estate move.
The real estate market in Greece has been reasonably soft over the past year or so, making now a good time to look into purchasing a holiday property. Properties in the largest cities in Greece, including Athens and Thessaloniki, have suffered the largest drops in price. These are also the most convenient locations in which to have a holiday property, as the time from landing at the airport to relaxing in your villa will be the shortest.
Properties on Crete, Greece’s largest and southernmost island have remained fairly strong. Interest in properties here strengthened after the 2004 Athens Olympics and people who purchased then have, for the most part, retained their properties. Especially for properties located near the sea, demand has remained strong and interest high. A property near the water that is well-kept and staged for sale should command a strong price if placed on the market.
However, purchasers should be able to find good prices for Greece property, making now a very opportune time to buy. Athens and Thessaloniki have shown the most softness in their markets, but the global recession is ending and recovery has already begun in many parts of the world. Purchasing now, when you may be able to find a property at its lowest price in years, could provide handsome profits in the short term.
The market for holiday homes has already begun to rebound, and if you aren’t planning to live in your real estate in Greece year-round, consider letting it for holiday rentals when you’re not using it. You can reap the benefits of rental income to offset your purchase cost, and still keep the property available for your own use. Simply decide when you’ll use the property and keep it off the holiday market during that time. Purchasing Greece properties can give you the best of both worlds.
To ensure your property purchase or sale provides the most benefit to you, be sure to use a property agent or broker who is familiar with the area and has experience marketing, selling and purchasing properties in the area. With that experience on your side, you’ll have the best possible experience.
House Sales Greece are market leaders for property Greece. Leading real estate Greece with the latest Greece property available to view online. Options to sell property Greece as well as market news and advice: http://www.housesalesgreece.com for more information
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