As overseas property investment becomes more attractive as an investment tool, the interest in Greece is widespread. Since the country entered the Exchange Rate Mechanism of the European Union, opportunities in Greece have begun to match and exceed those of neighbouring countries.

Greece is hotly tipped to become the next "Spanish market" with property prices rising on average 20 per cent per year and the demand for property can be seen from both the private and the public sector. As Greece's economic and development infrastructure continues to grow following on from the Olympic Games, there are many special investment incentives that are enticing businesses and investors to the country. There are opportunities for businesses to flourish in a wide range of areas ranging from agriculture through to tourism.

Recent reports have already highlighted foreign interest in Greek real estate and there have been some major purchases by leading players into the Greek market. The investment arm of Prudential has purchased over 5000 square metres of office floor space in Athens. Pradera, a specialist management company for out-of-town retail property funds for Continental Europe has bought the Village Park Entertainment Centre in Athens and have a focus on Greece for their portfolio.

For the individual these are exciting times to purchase a property in a country of such amazing beauty with the promise of a peaceful, safe environment blended with the sweet Mediterranean climate and its history.

One area of Greece currently generating a lot of interest is the Ionian Sea with its emerald islands with their distinctive character, mild climate, dazzling beaches and their close proximity to Europe.

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