Thursday, October 30, 2014
There are many reasons behind the boom. First, there is the fact that tourists themselves, who visit Greece once, wish to return or even settle. Second, the government has enacted laws which give residence permits to citizens of third countries (non-EU countries) for investments which exceed €250,000. Moreover, Greek property prices have dropped by as much as 40%, while at the same time, property-sales related tax breaks have been introduced. In any case, the real estate boom has created a momentum which will eventually favour as many as 40,000 Greek country houses waiting for their new owner to come.
