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Although
prices have risen in recent years, this is now an excellent time to buy
property as prices are forecast to rise significantly over the next few years. It
has been widely suggested that Greece
is poised to become the next “Spanish market" with property prices rising on
average 20 per cent per year although a great deal has been learned from other
countries about over development.
Firstly, there is a lot of land that cannot
actually be built on as it may be designated forest land, an area of
archaeological importance or it could be owned by the church. Secondly, Greece as a country has very strict
planning laws, so outside of village boundaries, there are minimum required plot
sizes and it is normal that only up to 5% of the plot can be built on.
These
restrictions get tighter year by year so that even less building is allowed.
This is, however, good news for investors since it ensures that Kefalonia will remain
unspoilt and preserve its amazing natural beauty and charm. For investor advice, real estate and construction services contact Exodus Abroad, a professional company based on the island offering a range of excellent services. http://www.exodusabroad.com
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