The real estate market in Greece has shown significant growth during the last decade mainly due to the reduction of interest rates, the deregulation of rents and the increase in living standards across the country. The many islands that form part of Greece provide an ideal investment opportunity in real estate to suit every investor's needs. The demand for property continues to rise and as a result, prices are rising steadily offering investors excellent opportunities, whether it is land with sea views, village houses, simple farm houses for restoration, new apartment complexes, town houses, luxury villas or hotel complexes.

Continued growth is expected and there are many new developments and opportunities for residential, commercial and office real estate projects. Also, a recently revised legal framework for the establishment of real estate investment companies marks the beginning of a new and exciting era with transparency for real estate investment in Greece and the Greek Islands.

Michelle Wood

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