Investors across the world are taking up interest in purchasing holiday homes in Greece and Cyprus. The countries have always drawn in buyers seeking properties in warmer climates and clearer seas and real estate is constantly on the rise. Both countries favourably offer residency visas to those purchasing properties which other countries in contrast tend not to offer.
Residency permits can now be acquired when purchasing homes worth €250,000 and above are even available to non-EU residents. Keen buyers have a number of choices and options at their disposal and are benefitting from the decline in estate prices alongside the political stability of Greece. However, this steady incline in investors is only subject to the Government continuing with their efforts to try and reform the current political program.
It has become apparent that buyers feel more at ease with their investment in affiliation with large prestigious brokers as opposed to smaller local companies. The real estate boom resulted in many smaller participants in the market and problems were thereafter created due to irreconcilable differences; the Cypriot economy collapsing as a result.
Written by Sofia Kluge on Google+
