“The most beautiful real estate in the world”
This is what the Greeks used to say about their islands, coasts and mountains, to console themselves in times of trouble. This year, the Greek tourist economy has achieved record breaking levels in the last two years, and looks set to continue at the same pace. Political stability, government incentives for foreigners to invest, improved services and infrastructure are largely responsible, although the beauty of the land and the warm hospitality of the Greeks play a real part too. “The most beautiful real estate in the world” now also looks like a pretty good investment.
Rental returns – always a good indicator, have increased each year and the hotspots are clearly Mykonos, Porto Heli on the Peloponnese Riviera, Santorini and Corfu. Until a few years ago, the best Greek real estate was snapped up quietly by Greeks, with foreigners being unable to access the rather fragmented and messy Greek market.
This is due to change now – Five Star Greece Estates is proud to announce its launch this autumn; the brain child of its sister company, Five Star Greece, which pioneered the high end Greek villa rental market 15 years ago, and still leads the way, Five Star Greece Estates has the inside track on the most beautiful houses in Greece, both on and off the market, and expertise on how to maximise rental revenues. Just as importantly, its aim is to make the Greek real estate market accessible and transparent to foreign investors and to those just looking for a place in the sun to love.
Greece is more than just an investment opportunity though; blessed with a dry, Mediterranean climate, 300 days of sunshine a year, the safest and cleanest seas in the world, fresh and healthy local produce, warm and generous people, world class culture and activities for all, a house in Greece can be enjoyed most of the year.