Greece Tipped to Slide Through Credit Crunch
According to several recent reports by reputed industry sources Greece's economy and property market are geared up to survive the global downturn better than most in Europe, with The Telegraph putting Greece at the heart of a "new financial Europe."
Hartlepool, United Kingdom, November 12, 2008 --(PR.com)-- Les Calvert, director of rapidly growing overseas property portal Property Abroad concurred with the report:
"With very little in the way of banking catastrophes being reported, and banks guaranteeing all deposits, Greece does indeed look sufficiently stable to weather the global financial storm relatively intact. Greek banks have been among the best performing in Europe over the past few months, and the consistent availability of mortgage finance has seen continually rising property prices -- on top of the impressive rise of more than 200% in the past 15 years."
Property Abroad currently has a vast array of properties for sale in Greece, including a small studio cottage in need of renovation for £11k, and tens of other Greek properties under £40k all in need of a little work but with great money-making potential.
According to Les Calvert, director of property abroad, one of the best opportunities is the off-plan 5* Halcyon Hills development right on one of Samos Islands gorgeous coastlines. Halcyon Hills offers ground floor suites from £160,000, and top floor apartments that make the most of the developments' spectacular sea-views from £187,000. Halcyon Hills also offers an array of other property types including luxury villas, all of which offer fantastic value for money.
Liam Bailey, Property Abroad's chief market analyst said:
"Properties like the Halcyon Hills development have amazing money making potential, with the possibility that they will be worth something in the region of twice the asking price immediately after completion, because of the usual risk affected discount given for buying off-plan property, especially at mid-level prices. The good thing about said immediate profit on Greece property is the seemingly never-ending supply of buyers coming from the financially strong Balkans, Russia and other affluent locations in northern Europe, which will allow today's investors to realise their profits tomorrow."
About Property Abroad
Property Abroad is rapidly growing into one of the best known, trusted and most successful overseas property portals in the U.K. With a slick dynamic site and very reasonable rates Property Abroad currently has among the most extensive worldwide property listings on the net.
To find out more contact the team at: info@property-abroad.com
###
"With very little in the way of banking catastrophes being reported, and banks guaranteeing all deposits, Greece does indeed look sufficiently stable to weather the global financial storm relatively intact. Greek banks have been among the best performing in Europe over the past few months, and the consistent availability of mortgage finance has seen continually rising property prices -- on top of the impressive rise of more than 200% in the past 15 years."
Property Abroad currently has a vast array of properties for sale in Greece, including a small studio cottage in need of renovation for £11k, and tens of other Greek properties under £40k all in need of a little work but with great money-making potential.
According to Les Calvert, director of property abroad, one of the best opportunities is the off-plan 5* Halcyon Hills development right on one of Samos Islands gorgeous coastlines. Halcyon Hills offers ground floor suites from £160,000, and top floor apartments that make the most of the developments' spectacular sea-views from £187,000. Halcyon Hills also offers an array of other property types including luxury villas, all of which offer fantastic value for money.
Liam Bailey, Property Abroad's chief market analyst said:
"Properties like the Halcyon Hills development have amazing money making potential, with the possibility that they will be worth something in the region of twice the asking price immediately after completion, because of the usual risk affected discount given for buying off-plan property, especially at mid-level prices. The good thing about said immediate profit on Greece property is the seemingly never-ending supply of buyers coming from the financially strong Balkans, Russia and other affluent locations in northern Europe, which will allow today's investors to realise their profits tomorrow."
About Property Abroad
Property Abroad is rapidly growing into one of the best known, trusted and most successful overseas property portals in the U.K. With a slick dynamic site and very reasonable rates Property Abroad currently has among the most extensive worldwide property listings on the net.
To find out more contact the team at: info@property-abroad.com
###
Contact
Property Abroad LTD
Les Calvert
0845 2000 467
www.property-abroad.com
Les Calvert
0845 2000 467
www.property-abroad.com
Contact
Categories