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Greek property growing by 25% pa - 2006/08/11   Article Date :11 Aug 2006 Info re statistics released today by property website www.investalist.co.uk Recent figures show that the Greek property market is a very attractive place in which to invest. Statistics released today by property website www.investalist.co.uk show that property on the Greek mainland is achieving capital growth rates of up to 25% per annum. The Greek property market offers property investors the chance to build an entire and well diversified property portfolio within just one country. The wealth of opportunities available in Greece for international property investors became apparent after the Athens Olympics in 2004. The promotion of Athens and mainland Greece to the wider world not only promoted the appeal of the country for investors, it resulted in a huge influx of tourists particularly to the mainland throughout 2004 and also 2005. These additional tourism numbers when added to the large volume of visitors who annually holiday on the Greek islands has created a high demand for rental and resale accommodation. In terms of the current opportunities available to property investors, they include commercial as well as retail investment property in the main cities of Greece. The majority of demand and the highest yielding assets are available in Athens. Tourism accommodation to let out along the Greek coastline is also in high demand. In addition, property investors are now seeing the opportunities for not only investing in the main resorts on every Greek island, but also in retirement and second homes and of course residential accommodation to rent across Greece particularly in the main employment hotspots. And for those who are looking for emerging market opportunities there is the Peloponnese region of Greece where property investment is just beginning to return extremely attractive dividends. Another underlying factor supporting the appeal of Greece currently is the fact that large sections of the property sector are highly competitively priced, especially when you compare the country to another Mediterranean favourite, namely Spain. This means that a property investor can get far more for their money in Greece than elsewhere on the Mediterranean and are therefore buying into a market with healthy room for growth. As there are very few restrictions placed on the foreign freehold ownership of property within Greece and the property buying process is very straightforward, more and more property investors from the UK, South Africa as well as other parts of the world looking for portfolio diversification opportunities are examining the wealth of opportunity in Greece. Some development companies are offering rental guarantees of up to 3 years on developments. This massively reduces the risk for investors and combined with low deposits and mortgage facilities, Greece is fast grabbing the attention of serious property investors and emerging as the Mediterranean choice for property investors in 2006 and on into 2007. For more information contact info@investalist.co.uk. Click here to visit the website. CLICK HERE TO RETURN TO THE MAIN NEWS PAGE