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Reply To: Hello – Looking to Buy a house with a view to moving to Crete

#92112
Foggyknight
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      • BIC 2.0 Newbie
      Member since: 28th August 2020

      The Greek economy is in tatters as a result of the virus and demand for properties is at risk of falling if Brexit cuts off the flow of British buyers. Crete’s a great place to be (as long as things don’t go wrong) but if you’re  looking for an investment rather than a home it might not be a good option.

      There was a rapidly inflating property bubble before the financial crisis a decade or so ago but that bubble subsequently deflated and from my casual observations of the market prices seem to have stagnated for a long time. But perhaps I’m wrong, I don’t pay much attention to the housing market.

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