Real Estate in Greece May be the Word, but Corfu is the Dream

Last month a leading international property portal reported a massive 120% increase in the numbers of people actively interested in a home for sale in Greece compared to the numbers who were looking for a Greek property just one year ago. According to Britain’s The Independent newspaper, this increase in interest has been fuelled by the success of the musical Mamma Mia!, and it’s proving to be a sustainable increase as buyers realise their property dollars go far further in Greece than in traditional Mediterranean facing destinations in Europe.

All of a sudden ‘Greece’ is the word on property buyers’ lips, and as one of the most developed, idyllic and accessible locations in the entire nation, the island of Corfu is the destination where thousands of would-be buyers are fixing their attentions.

Offering all of the idyllic charms of Skopelos and Skiathos where Mamma Mia! was filmed, the island of Corfu also offers buyers the benefits of a near perfect year round climate, stunning Ionian Sea views, a developed infrastructure, cheap and scheduled international flight accessibility as well as property prices that have remained realistic and therefore sustainable in the face of fluctuating property fortunes elsewhere in Europe.

“Greece is a destination favoured by home seekers as well as holiday makers, it is not a market that has been damaged by speculation or over-development, and as a result we’re happy to see the ongoing levels of international interest in homes for sale, particularly on the Greek islands such as Corfu.” Reports Spiros Makrodimitras, Greek property expert.

With property prices ranging from the USD 100,000 mark for a spacious and traditional village home to over USD 650,000 for a stunningly luxurious villa complete with pool and breathtaking ocean and landscape views, Corfu has a dream home for everyone. And with weekly villa rental rates averaging USD 3,000 in peak season on the island of Corfu, this is also a property investor’s paradise too.

So, whether you’re looking to live the laid back dream like Meryl Streep in a traditional stone property in rural Greece with spectacular sea views, or you want to find a beautifully styled modern villa on the beach where you can holiday and profit, Corfu is an island worthy of much closer inspection.