Demand for Greek property rising
The high-end residential property market in Greece is
seeing a significant rise in enquiries from investors, research has
shown.
A report by real estate agency for luxury properties, Engel
& Völkers, found that demand rose significantly during the
winter months.
According to the report, the majority of the potential buyers
are from Germany, England, France and Italy and are looking to buy
a second home.
Georg Petras, licence partner at Engel & Völkers on the
island of Rhodes, said: "We are witnessing a rise once again in the
demand for second homes on the Greek islands."
The findings of the report reveal there has been no decline in
prices for exclusive properties in Greece.
Mr Petras added: "Now is a good time to acquire a property on
Rhodes, as we are not expecting prices to fall any further."
Copyright Press Association 2011 | Jake Richards
