Is the time right to invest in Greece real estate? This is the question on the minds of people who are interested in buying property in Greece. The Greek island property for sale prices are at rock bottom right now and have the potential for giving excellent returns in the medium term. Greece has 6ooo islands which are clustered into seven groups.
Of these, the smaller island properties are priced higher than the properties on the larger island. The development work on the island of Crete is pushing up the prices slowly there. Due to Government easing of rules and offering residential visas for investing more than $250,000 has resulted in growing demand for property for sale Greek islands.
Investors from the UK had invested earlier before the economy of Greece went bad. Many of these properties are up for sale for a fraction of the price that was sold for due to overdue payments on the mortgages. The Turkish investors have shown a keen interest in buying which is a good sign for appreciation of property value.
This may just be the right time to invest in Greek homes for sale as the prices are probably at the lowest and can move only upwards from hereon. Due to the low prices, the tourists have been coming in larger numbers in recent times which is also a good sign for real estate appreciation. Investing in Greek holiday homes at this low rates is a smart move. Owning a holiday home in Greece is a dream of many people.