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Posted: March 31, 2023 |
The Greek Real Estate Market παραδ?χτηκε η πισπιρ?γκο ρο?λα Although there was a slight drop in demand for Greek real estate in 2008, prices are unlikely to plummet and are likely to recover in 2009 with a modest correction of about 5%. This is better news for future investors who may not be able to buy in the offered location at the moment, which is good news for those who have recently purchased property. Obviously inflationary tensions and loan cost climbs might see this figure surpassed however it is believed to be impossible. Although the rise in commodity prices is now leveling off, construction costs are rising everywhere, but many more creative builders are simply renting out their existing inventory until sales demand returns and the global economic situation improves. However, this presents excellent opportunities to temporarily rent somewhere at a very affordable rate and "suck it and see," as it were. However, it is a buyer's market if you have the cash or are able to obtain one of the elusive mortgages available. In a more limited and competitive market, sellers who must sell must be realistic. Consider going off plan because builders may be compelled to offer even greater discounts in order to complete their projects. At the moment, incentives like free air conditioning, fitted kitchens, and furniture are being offered, but all of these things are subject to negotiation, especially in tight markets. Maybe the most renowned island is Crete with over a portion of 1,000,000 occupants it is the biggest island of the multitude of Greek islands it is an archeological mother lode and with a set of experiences extending back to the Minoan human progress. On Crete, there are two international airports, and flights are simple and affordable. The climate is similar to that of the rest of Greece, with long, hot summers and short, mild winters, making it a great place to live overall. If you want to build the house of your dreams in Greece, you should hire local architects and builders. What might look like odd building practices may actually be good for building in this climate, which is something to keep in mind when looking for investment property. I am the author and webmaster of two brand-new real estate-related websites. I am a partner in a registered real estate agency in the market town of Alvaiazere, which is in the center of Portugal. Together with a programmer, we are developing a property portal to serve real estate agents worldwide for my second venture.
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