Investors monitor property in Greece
As speculation grows regarding the economic situation in Greece international property investors are closely monitoring the real estate market in the hope of picking up a bargain or two.
It remains unclear whether Greece will stick with the Euro amid the current economic and political furore and many property experts believe the price of property in Greece could fall by at least 20 per cent should Greece decide to go it alone.
A new election is planned for June 17 and the outcome is expected to decide the question of the rescue package with strict austerity conditions attached to the 130 billion Euro lifeline. Up to the minute opinion polls suggest that public support is very closely divided for and against the bailout option.
Many residents believe life would be more affordable without the Euro and have a high expectation of falling prices across the board.
Several agents that specialise in selling property in Greece have noticed an uplift in overseas enquiries so far this year and interest is expected to build if and when property prices start to fall.