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British interest alone has grown by more than 200 percent in recent weeks. After the UK government announced plans to ease travel restrictions a few weeks ago, the British were quick to take an interest in investment opportunities, local and international real estate agents say.
According to dw.com, Greece was ranked the best home search site in Europe by a recent review by the UK’s leading real estate company, Rightmove. In fact, interest was so high that more than a million online inquiries were recorded the same day in June when the government announced a further reduction of travel restrictions.
In the five most attractive travel countries (Greece, Spain, France, Portugal and Italy), interest abroad has increased by up to 340 percent compared to the figures registered in mid-June, real estate agents report.
But Greece, according to Chestertons Ionian’s Piers Williams, “is actually recovering … We haven’t seen as much interest in over a decade.”
However, it is still unclear whether smooth inquiries will mean solid sales. Despite relaxed travel restrictions, most Britons are reluctant to travel outside of their home country.
And here the Germans are already in place and are urgently receiving offers, reports DW. Like the home hunters of France, Austria and Switzerland.
“The phone keeps ringing,” admits Hillary Dawson of Crete Homes. “I have organized house inspection meetings until the end of the summer,” she says.
According to industry officials, German real estate investment alone has increased 50 percent in recent months. Germans are more interested in large areas of arid lands in the Peloponnese and millions of dollars in villas on islands such as Amorgos, Crete, the Carpathians and Corfu, most of which have entered the market due to the difficult Greek national economy. .
Of the approximately 5,750 real estate properties offered by Rightmove, 1,754 are located in Crete. These are mostly private residences, which cost between 10 thousand and 10 million euros. More than 25 ads offer huge seaside hotels with cafes and large stretches of beach suitable for further development.
The list is expected to grow, with an increase in commercial plots and investment assets. If there isn’t a miraculous increase in reserves in the coming months, up to 65 percent. The country’s hotels are bankrupt, many of them located on the islands of Crete, Rhodes and Corfu, according to official statistics.
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