Buying Property
General Information about Greece
By Antonio Kollaros  
Jul 17, 2003

Investing in an expanding economy with a major and increasing economic role in the Balkans that is part of the EU and the Euro area is always a paying proposition. Greece has the highest growth rate in the Europe and given its prospects, is anticipated to keep this position in the foreseeable future. It is also a natural destination for holiday homes. With a very low crime rate Greece is generally safe and serious and/ or organised crime and rate. There are ‘no-go’ areas at any time of the day or night.

With low cost of living in most areas ( it has the lowest cost of living in the EU countries ), a friendly and hospitable people ready to teach others how to enjoy the simple things in life and a natural environment and weather hard to beat, it is one of the best countries in which to live. In Greece your stress level will drop and your enjoyment of life will rise.

Greece is in the process of establishing a National Land Registry whereby official titles shall be issued for the property secured at the same time by the state. Some areas already have a Land Registry ( such as Rhodes and the Cyclades islands in general ) while most others are based on a different system, that of the Registry of Mortgages on a Municipal basis.