https://www.elizabethestateagency.com/en/blog/?p=10 A blog on real estate in Greece Thu, 15 Apr 2010 16:14:29 +0000 hourly 1 http://wordpress.org/?v=3.0.4 https://www.elizabethestateagency.com/en/blog/?p=10#comment-2 Claire May Thu, 15 Apr 2010 16:14:29 +0000 http://www.elizabethestateagency.com/en/blog/?p=6#comment-2 <p>The real estate market in Greece has not collapsed, as the Greeks prefer to invest in real estate properties rather than entrusting their savings to the banking system. The preferences of the Greeks have also changed. Up to now they preferred unused instead of old houses, but changes in the tax system have pushed them into smaller and older properties. To conclude, what has actually changed is the preferences of the Greek buyers regarding the properties that they purchase. And this is the reason why property prices don't drop as fast as they do abroad. Greece remains a great place to buy real estate.</p> The real estate market in Greece has not collapsed, as the Greeks prefer to invest in real estate properties rather than entrusting their savings to the banking system. The preferences of the Greeks have also changed. Up to now they preferred unused instead of old houses, but changes in the tax system have pushed them into smaller and older properties. To conclude, what has actually changed is the preferences of the Greek buyers regarding the properties that they purchase. And this is the reason why property prices don’t drop as fast as they do abroad. Greece remains a great place to buy real estate.

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