Foreign property investors eye Greek bargains

Greece is back on the radar of foreign property buyers, particularly as far as holiday homes are concerned, following the major decline in prices that now reaches up to 60 percent compared with 2008.

Foreigners are seeking out bargains in popular summer destinations such as Santorini (pictured), Corfu, Myconos and Crete, whose prices are lower than those to be found in Spain, Italy and Portugal, and are in fact edging closer to those seen in Turkey.

Competition with other Mediterranean countries is fierce.