Friday Jul 25, 2014 Search
Weather | Athens
32o C
23o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Corfu property market puts up resistance to pressures

By Nikos Roussanoglou

A survey by Savills has revealed increased interest in Corfus property market. The report by the international estate agents on areas in high demand by holiday home buyers has identified the northernmost Ionian island as one of the most attractive destinations in the countrys property market for buyers from abroad, especially pensioners from Northern Europe.

The Savills analysis shows that property prices on the idyllic island have declined by 30 percent on average since the start of the financial crisis in 2008. This decline mostly concerns the northeastern part of Corfu, which is the most popular among foreign buyers. This contrasts with a drop of over 50 percent in the countrys main towns, Savills notes, which highlights the resistance the local market is putting up to pressures.

Analysts say that this resistance is attributed to the participants in this particular market, who were always of a higher socioeconomic level i.e. people least affected by the financial crisis. Traditionally most international buyers on Corfu are from the UK, Germany and France, but Savills expects a rise in buyers from China and Russia.

ekathimerini.com , Tuesday April 22, 2014 (23:46)  
Illegal betting worth 5.5-6 billion euros
Wait is still on for many taxpayers
Hardouvelis to push for milestones target
IMF insists on eurozone lightening Greeces debt
PPC to look into death of disabled customer
The Public Power Corporation (PPC) launched an administrative inquiry on Thursday into why electricity supplied to the home on Crete of a quadriplegic customer on life support was cut, resul...
Boutaris plans Islamic art museum for Thessaloniki
Thessaloniki Mayor Yannis Boutaris on Thursday announced plans to establish a museum of Islamic art in Greeces northern port city. Boutaris, who was re-elected in May, told Kathimerini he h...
Inside News
TRACK & FIELD
Athens, the Marathon capital of the world for good
Paco Borao, the man who restored Athens as the Marathon capital of the world with the establishment at the Olympic Sports Center of the headquarters of the International Association of Marat...
TRACK & FIELD
Pole vault record on same day as three doping cases
Greek track and field had a mixed weekend, as on the same day as Katerina Stefanidi matched the national record in pole vault as well as the leading result in Europe so far this season, thre...
Inside Sports
COMMENTARY
When evaluation is seen as useless
The reactions toward the governments plans for an evaluation of public sector workers are completely unsurprising. Civil servants and not just the unions that represent them abhor the m...
EDITORIAL
Playing the good guy
There is a part of the government that is striving to fulfill the commitments that Greece has undertaken toward its foreign creditors, most of which pertain to reforms that are absolutely es...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Illegal betting worth 5.5-6 billion euros
2. Wait is still on for many taxpayers
3. Hardouvelis to push for milestones target
4. IMF insists on eurozone lightening Greeces debt
5. Investors buy into possible rating upgrade
6. PPC to look into death of disabled customer
more news
Today
This Week
1. Quadriplegic woman on life support 'dies due to unpaid power bills'
2. Efforts continue on Crete to find 'Sifis' the crocodile
3. Democracy 'retreated' during crisis, says Papoulias
4. Family of deceased woman on life support says application for 'special status' had been filed with PPC
5. Medical assistance for Acropolis visitors
6. Presidential election will not lead to snap elections, Samaras tells ND deputies
Today
This Week
1. Greece seen in third bailout as bonds not enough, economists say
2. Climber dies in Mount Olympus fall
3. Greek sovereign debt at 174.1 percent of GDP in first quarter
4. Greek banks able to tap investors after stress tests, HFSF Says
5. Death on MH17 and our global war
6. Unequal after death
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.