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Property in Greece? Tempting, but buyers are holding back

Interview with Emmanouil Zervos

You can be forgiven for thinking a Greek vacation home would be a bargain – as attractive as a Greek holiday.

Greece’s debt crisis has created an economy of bargains for foreigners. Tourists have been coming in droves. A record number of visitors came to Greece in 2014, at least 22 million according to the Bank of Greece (up 23 per cent from 2013), all deciding that now’s the time to take in the Parthenon or Aegean Coast at discount prices.

And by all accounts, the residential real-estate sector is said to be a buyer’s market for foreigners. Good homes are available at practically any price for which a buyer may be looking.

> To the article on www.theglobeandmail.com

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