buy house greece

17-12-2007

 Spending 365 Days in Greece

Spending 365 Days in GreeceGREECE, one of the oldest civilizations in the planet, is still one of the hottest destinations in the whole world and not just in Europe. So if you’re a European, you don’t need to get a visa to come here. Even if you don’t come here through plane, you can still come here via ferries coming from Italy. Here in Athens and the rest of the country, real properties are still booming. That’s because only the United States has amazingly suffered the ongoing housing and mortgage crunch with them. They have left that piece of misfortune in United States shores and not allow it to cross the Atlantic.

In fact, one of the biggest real estate developers in Greece is investing a whooping 600 million in euros in the country. And the very aggressive real estate developer, the Eurobank Properties, has even announced today that it will not just invest in Greece but it will spend half of the amount to be invested overseas to the rest of the continent. To do that, Eurobank Properties has bailed out 36 million new shares at 9 euros apiece. Other countries that they are eyeing investment on are Ukraine, Bulgaria, Serbia and Romania.

Synonymous to the boom of the real estate sector in Greece is the boom of its hospitality industry. The largest all-Greek hotel chain in Greece is owned by the Braemore Group. And the Braemore Group is planning to build a massive five-star hotel in Kefalonia in Greece. Kefalonia is actually an island in the western part of the Greek territory. The hotel that the Braemore Group is planning to build is said to rival that of the Burj Al Arab in Dubai. The Braemore Group hotel in Kefalonia will have a nursery. This is actually the trend in Europe nowadays following the Madeleine McCann kidnapping in May at Praia da Luz in Portugal. In fact, all nurseries situated in hotels in Europe are staffed with child psychologists and are equipped with the latest state-of-the-art playthings in Europe. David Hunter, CEO of the Braemore Group, said that the playthings will again be intercepted and scanned by qualified hotel personnel for any unwanted ingredients even though they were already inspected by Customs and trade officials in the country. This is to ensure that no lead or any unwanted substance has been used in the manufacturing of these playthings as was proven earlier in the China controversy.

Kafelonia is also a very ideal place for sailing and diving. In fact, Hunter is planning to include a dive service in the five-star hotel that he is planning to construct in the place. The dive resort will have a diving expert. The exact spot of the five-star hotel will be Myrtos Beach. Myrtos Beach is actually the setting of the movie Captain Correlli’s Mandolin. Kafelonia has daily flights originating from the United Kingdom such as London and Dublin and there are also flights coming in from Ankara and Istanbul as well as Madrid, Lisbon, Lyon and Charles de Gaulle in Paris.


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Buying a house or any kind of real estate is a great way of investing your hard earned money. A house and lot that is bought in an area that is especially attractive to people will surely appreciate in value, which makes it a great way of making your nest egg. It is also a wonderful way of making your money work for you by putting it in something that would accrue more money in the long term compared to putting it in a bank where it will only earn a very small interest per annum.

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