Author Topic: Holiday home sales surge  (Read 3905 times)

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Offline Maik

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Holiday home sales surge
« on: Thursday, 25 June, 2015 @ 13:23:03 »
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Foreign investment in holiday homes nearly doubled in Q1

The flow of funds from abroad destined for the acquisition of properties in Greece – mostly holiday homes – surged 78.6 percent in the first quarter of this year from Q1 2014, according to data released by the Bank of Greece.

In total, 49.3 million euros was invested in the Greek property market from abroad, against 27.6 million in the same period last year and 27.5 million in 2013.

That figure indicates the great margin for recovery in the holiday home domain, given that it was recorded during a period when the market conditions were far from ideal due to the change in government and the uncertainty that continues to prevail today.
http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_24/06/2015_551482