There are a number of articles and arguments about why one should feel comfortable with buying off plan. But considering the benefits of re sales or second hand properties is equally important.
In an article published in the Greek newspaper "Proto Thema" on the 13th of April, 2008 written by Ms Rita Zachariadou a study mentioned provides some interesting data: In 2005 from every 10 properties sold, 8 were new constructions. In 2007 in every 10 houses sold only 4 were new constructions. The other 6 were re sales. This means that re sales have become more attractive. There are 3 main reasons that explain why this trend is appearing now and especially in the Chania area on the island of Crete.
More re sales are available today than ever before
Real Estate in Crete and in Chania is a quite recent market. People that live on the island today say that just 5 years ago when they were asking real estate agents and builders to show them key ready properties there were hardly any show houses available - not to mention re sales. In 2008 this has changed drastically. There are a number of home owners that want to sell their villa or apartment because they want to buy a larger property or want to move nearer to a specific place they became fond of. So today there is a supply of re sales.
Prices are reasonable
In the same article mentioned above, it is stated that the cost of materials has risen by 6,5%. So it is only reasonable that prices of off plan houses are increasing. Home owners that have bought their property some time ago for a much lower price usually do not need to sell expensive. They want to sell their property for a reasonable profit compared to the price they bought it. In other words in most cases, re sales are less expensive to buy than off plan.
A key ready property is something you can use immediately
There are some people that do not want to wait 6 or 12 months for their villa or apartment to be built. They want to be able to use it immediately. They might also want to see what they are buying, finished. As it may be hard imagining how the house will look via plans or 3D computer generated images. Not to mention that a number of re sales are offered partly or fully furnished which means that the whole process is as hassle free as possible. You see it, you like it, you buy it.
The conclusion is that it may be worth while to look into the re sales available in Chania, Crete or in any place you are looking to buy or invest in. Naturally the best way of finding that is via a professional and experienced local Real Estate office. The re sales market is now forming and it is up to you to explore it.
Andreas Batakis has lived in Greece, Ireland and Cyprus, acquiring a Business Administration Degree in Greece, an International Marketing Diploma and a Bachelor of Science in Human Resource Management in Ireland. He is also a member of the UK based Chartered Institute of Personnel and Development. Andreas has extensive experience in helping people from all over the world to locate a home in Crete and is a founding member of the independent consultancy Talos Properties.
Talos properties was created in order to guide and protect all of you who wish to acquire a property in Crete via offering you a wide range of choices as well as professional advice in property related matters. For more information please access the Talos Properties website at: http://www.talosproperties.com
4/16/2008
4/13/2008
Buying properties in Crete: Buying a re sale is now an option worth looking into
Crete in Greece is a popular destination for international villa seekers, but up to recently most properties on offer were off plan. However, a re sales or second hand homes market is now forming providing interesting options to all.
There are a number of articles and arguments about why one should feel comfortable with buying off plan. But considering the benefits of re sales or second hand properties is equally important.
In an article published in the Greek newspaper “Proto Thema” on the 13th of April, 2008 written by Ms Rita Zachariadou a study mentioned provides some interesting data: In 2005 from every 10 properties sold, 8 were new constructions. In 2007 in every 10 houses sold only 4 were new constructions. The other 6 were re sales. This means that re sales have become more attractive. There are 3 main reasons that explain why this trend is appearing now and especially in the Chania area on the island of Crete.
• More re sales are available today than ever before
Real Estate in Crete and in Chania is a quite recent market. People that live on the island today say that just 5 years ago when they were asking real estate agents and builders to show them key ready properties there were hardly any show houses available – not to mention re sales. In 2008 this has changed drastically. There are a number of home owners that want to sell their villa or apartment because they want to buy a larger property or want to move nearer to a specific place they became fond of. So today there is a supply of re sales.
• Prices are reasonable
In the same article mentioned above, it is stated that the cost of materials has risen by 6,5%. So it is only reasonable that prices of off plan houses are increasing. Home owners that have bought their property some time ago for a much lower price usually do not need to sell expensive. They want to sell their property for a reasonable profit compared to the price they bought it. In other words in most cases, re sales are less expensive to buy than off plan.
• A key ready property is something you can use immediately
There are some people that do not want to wait 6 or 12 months for their villa or apartment to be built. They want to be able to use it immediately. They might also want to see what they are buying, finished. As it may be hard imagining how the house will look via plans or 3D computer generated images. Not to mention that a number of re sales are offered partly or fully furnished which means that the whole process is as hassle free as possible. You see it, you like it, you buy it.
The conclusion is that it may be worth while to look into the re sales available in Chania, Crete or in any place you are looking to buy or invest in. Naturally the best way of finding that is via a professional and experienced local Real Estate office. The re sales market is now forming and it is up to you to explore it.
Andreas Batakis has lived in Greece, Ireland and Cyprus, acquiring a Business Administration Degree in Greece, an International Marketing Diploma and a Bachelor of Science in Human Resource Management in Ireland. He is also a member of the UK based Chartered Institute of Personnel and Development. Andreas has extensive experience in helping people from all over the world to locate a home in Crete and is a founding member of the independent consultancy Talos Properties.
Talos properties was created in order to guide and protect all of you who wish to acquire a property in Crete via offering you a wide range of choices as well as professional advice in property related matters. For more information please access the Talos Properties website at: http://www.talosproperties.com
There are a number of articles and arguments about why one should feel comfortable with buying off plan. But considering the benefits of re sales or second hand properties is equally important.
In an article published in the Greek newspaper “Proto Thema” on the 13th of April, 2008 written by Ms Rita Zachariadou a study mentioned provides some interesting data: In 2005 from every 10 properties sold, 8 were new constructions. In 2007 in every 10 houses sold only 4 were new constructions. The other 6 were re sales. This means that re sales have become more attractive. There are 3 main reasons that explain why this trend is appearing now and especially in the Chania area on the island of Crete.
• More re sales are available today than ever before
Real Estate in Crete and in Chania is a quite recent market. People that live on the island today say that just 5 years ago when they were asking real estate agents and builders to show them key ready properties there were hardly any show houses available – not to mention re sales. In 2008 this has changed drastically. There are a number of home owners that want to sell their villa or apartment because they want to buy a larger property or want to move nearer to a specific place they became fond of. So today there is a supply of re sales.
• Prices are reasonable
In the same article mentioned above, it is stated that the cost of materials has risen by 6,5%. So it is only reasonable that prices of off plan houses are increasing. Home owners that have bought their property some time ago for a much lower price usually do not need to sell expensive. They want to sell their property for a reasonable profit compared to the price they bought it. In other words in most cases, re sales are less expensive to buy than off plan.
• A key ready property is something you can use immediately
There are some people that do not want to wait 6 or 12 months for their villa or apartment to be built. They want to be able to use it immediately. They might also want to see what they are buying, finished. As it may be hard imagining how the house will look via plans or 3D computer generated images. Not to mention that a number of re sales are offered partly or fully furnished which means that the whole process is as hassle free as possible. You see it, you like it, you buy it.
The conclusion is that it may be worth while to look into the re sales available in Chania, Crete or in any place you are looking to buy or invest in. Naturally the best way of finding that is via a professional and experienced local Real Estate office. The re sales market is now forming and it is up to you to explore it.
Andreas Batakis has lived in Greece, Ireland and Cyprus, acquiring a Business Administration Degree in Greece, an International Marketing Diploma and a Bachelor of Science in Human Resource Management in Ireland. He is also a member of the UK based Chartered Institute of Personnel and Development. Andreas has extensive experience in helping people from all over the world to locate a home in Crete and is a founding member of the independent consultancy Talos Properties.
Talos properties was created in order to guide and protect all of you who wish to acquire a property in Crete via offering you a wide range of choices as well as professional advice in property related matters. For more information please access the Talos Properties website at: http://www.talosproperties.com
3/31/2008
Why would you need an independent Property Consultant or Real Estate Agent when buying a home in Crete?
Abstract: Crete in Greece is a popular destination for international villa seekers and there are a number of builders and developers who have their own sales and marketing divisions. So why would anyone look for a Real Estate office in Crete?
Anyone that has ever searched for a home knows that it is a process that takes a lot of time and effort. When we look for a property we are seeking for something that needs to be personalized and tailor made to us. Our involvement is more complicated, exactly because buying a house has many parameters which differentiate it from anything else we buy in our lives. We also know that when we make a decision it needs to be a wise one because a home is something that we do not change that easily, while it is one of the highest investments we will ever make.
Most people have done it in their own country, in areas they have known and lived in for a long time. Even there, the process is not always easy. So it is reasonable that repeating this process abroad is even more challenging. Anyone that has been or will visit Chania in Crete, Greece for example will notice that there is high number of construction and developers available, offering different choices. The obvious choice is to talk to every single one of them and go and see all of their properties and houses, which means that you would need to repeat again and again what you are looking for. Naturally this requires a great amount of energy and time.
But as with all things in life there are always more than one ways in achieving a goal. Most people ignore the fact that most construction companies and developers have agreements with local independent Property Consultants or Real Estate offices for promoting their properties without the home buyer needing to pay additional fees. This means that when a house seeker goes straight to a builder and developer the price he is going to pay is the same if he purchases through a Real Estate office. This is the result of intense competition in the wider area of Chania in Crete, which is of benefit to all house seekers since it has led some builders or developers in wanting to ensure that their prices are the same via all channels of promotion – including local Real Estate offices.
At the same time there is a number of small to medium size builders who may not be able to communicate in any other language than Greek. Some of these professionals are highly skilled and may offer unique personalized options that are not available by larger developers. The involvement of the local Real Estate agent ensures that what these builders have to offer is available to international seekers while the agent is involved in serving the home buyer up to the point when the house is delivered to him – and beyond.
However, these are not the only reasons for anyone to seek a Real Estate office. Selecting an independent Property Consultant for your research is not just offering you immediate access to more than one builder. It gives you also the options of second hand properties or plots of land, things that developers and builders rarely sell.
If you wish to find a key ready villa or choose your own plot of land to build on rather than being confined to the options given in a development by a specific builder then a Real Estate office will be of much more benefit to you.
Certain builders have very often specific geographical areas and house styles of expertise. By providing your specifications to an independent Property Consultant you are giving yourself a much wider selection while the research that you would do individually is done by your Consultant. Naturally for this to work you will need to locate a professional who knows what he does and is committed in providing high quality of service.
Only in Chania the number of advertised Real Estate agencies is exceeding 150 but you are looking for the best. Differentiating the professionals is not as difficult as it might seem. Professional means that the Real Estate office is qualified by having the license to operate as one, is manned with people that are working in full time positions and do not treat real estate as a part time employment. People trained to listen to what you need, are able to communicate with you properly and are not going to show you things that do not suit your requirements.
Many wonder why a Real Estate office would be really independent when they have collaborations with specific builders. The answer is that a professional Property Consultant knows the simple truth that the person that trusts him is the property seeker. As a result he can not afford putting this trust in jeopardy by offering him anything less than the best.
Andreas Batakis has lived in Greece, Ireland and Cyprus, acquiring a Business Administration Degree in Greece, an International Marketing Diploma and a Bachelor of Science in Human Resource Management in Ireland. He is also a member of the UK based Chartered Institute of Personnel and Development. Andreas has extensive experience in helping people from all over the world to locate a home in Crete and is a founding member of the independent consultancy Talos Properties.
Talos properties was created in order to guide and protect all of you who wish to acquire a property in Crete, the island that has been loved by Gods and humans alike throughout the centuries. When you choose Talos Properties for the search of your property in Crete we can offer you a wide range of choices as well as professional advice in all property related matters. For more information please access the Talos Properties website at: http://www.talosproperties.com
Anyone that has ever searched for a home knows that it is a process that takes a lot of time and effort. When we look for a property we are seeking for something that needs to be personalized and tailor made to us. Our involvement is more complicated, exactly because buying a house has many parameters which differentiate it from anything else we buy in our lives. We also know that when we make a decision it needs to be a wise one because a home is something that we do not change that easily, while it is one of the highest investments we will ever make.
Most people have done it in their own country, in areas they have known and lived in for a long time. Even there, the process is not always easy. So it is reasonable that repeating this process abroad is even more challenging. Anyone that has been or will visit Chania in Crete, Greece for example will notice that there is high number of construction and developers available, offering different choices. The obvious choice is to talk to every single one of them and go and see all of their properties and houses, which means that you would need to repeat again and again what you are looking for. Naturally this requires a great amount of energy and time.
But as with all things in life there are always more than one ways in achieving a goal. Most people ignore the fact that most construction companies and developers have agreements with local independent Property Consultants or Real Estate offices for promoting their properties without the home buyer needing to pay additional fees. This means that when a house seeker goes straight to a builder and developer the price he is going to pay is the same if he purchases through a Real Estate office. This is the result of intense competition in the wider area of Chania in Crete, which is of benefit to all house seekers since it has led some builders or developers in wanting to ensure that their prices are the same via all channels of promotion – including local Real Estate offices.
At the same time there is a number of small to medium size builders who may not be able to communicate in any other language than Greek. Some of these professionals are highly skilled and may offer unique personalized options that are not available by larger developers. The involvement of the local Real Estate agent ensures that what these builders have to offer is available to international seekers while the agent is involved in serving the home buyer up to the point when the house is delivered to him – and beyond.
However, these are not the only reasons for anyone to seek a Real Estate office. Selecting an independent Property Consultant for your research is not just offering you immediate access to more than one builder. It gives you also the options of second hand properties or plots of land, things that developers and builders rarely sell.
If you wish to find a key ready villa or choose your own plot of land to build on rather than being confined to the options given in a development by a specific builder then a Real Estate office will be of much more benefit to you.
Certain builders have very often specific geographical areas and house styles of expertise. By providing your specifications to an independent Property Consultant you are giving yourself a much wider selection while the research that you would do individually is done by your Consultant. Naturally for this to work you will need to locate a professional who knows what he does and is committed in providing high quality of service.
Only in Chania the number of advertised Real Estate agencies is exceeding 150 but you are looking for the best. Differentiating the professionals is not as difficult as it might seem. Professional means that the Real Estate office is qualified by having the license to operate as one, is manned with people that are working in full time positions and do not treat real estate as a part time employment. People trained to listen to what you need, are able to communicate with you properly and are not going to show you things that do not suit your requirements.
Many wonder why a Real Estate office would be really independent when they have collaborations with specific builders. The answer is that a professional Property Consultant knows the simple truth that the person that trusts him is the property seeker. As a result he can not afford putting this trust in jeopardy by offering him anything less than the best.
Andreas Batakis has lived in Greece, Ireland and Cyprus, acquiring a Business Administration Degree in Greece, an International Marketing Diploma and a Bachelor of Science in Human Resource Management in Ireland. He is also a member of the UK based Chartered Institute of Personnel and Development. Andreas has extensive experience in helping people from all over the world to locate a home in Crete and is a founding member of the independent consultancy Talos Properties.
Talos properties was created in order to guide and protect all of you who wish to acquire a property in Crete, the island that has been loved by Gods and humans alike throughout the centuries. When you choose Talos Properties for the search of your property in Crete we can offer you a wide range of choices as well as professional advice in all property related matters. For more information please access the Talos Properties website at: http://www.talosproperties.com
3/23/2008
Is this a good time to buy property abroad and more specifically in Crete?
Abstract: The recent subprime crisis has influenced everybody’s thoughts concerning investment in properties. This article provides a realistic point of view on why should one consider buying a property in Crete, Greece.
In the Greek newspaper ‘Kiriakatiki Eleutherotipia’ of Sunday, 23rd of March 2008 the writer G. Aggeli places a straight forward question ‘Should I buy a property now or not?’. The answer given is probably no surprise: Most experienced analysts would say that it depends on the property and on the area. The so called commercial sizes of 70 to 80 square meters at areas where demand is high are unlikely to decrease in price. One of the reasons being that construction costs increase year after year and builders or developers do not seem willing to sell for less.
The real estate market on the island of Crete in Greece and more specifically in the area of Chania involves a location where demand is high for a number of years now and one can find properties that are built according to high quality standards and designs. As a result despite the recent events in the world economy the number of people from Crete and beyond seeking for a villa or a home in Chania today is steady.
At the same time the developers and constructors in Crete know that they must restrain price increases so that they do not put people off. This mere fact, makes purchasing a property in Crete even more attractive now since the location is ever popular while the prices are still reasonable. So whether one is looking for a holiday home, a retirement villa or an investment property with high commercial value, these can be found in Chania and the best thing is that they can be found for quite reasonable prices.
Nektaria Kladitis is a Greek Canadian who has lived in Canada, Greece and England, acquiring a Bachelor of Arts, a Masters of Science as well as years of experience in properties overseas. Nektaria is also the creator of the property consultancy - Talos Properties.
Talos properties was created in order to guide and protect all of you who wish to acquire your dream property in Crete, the island that has been loved by Gods and humans alike throughout the centuries. When you choose Talos Properties for the search of your property in Crete we can offer you further advice on financial and other matters. For more information please access the Talos Properties website at: http://www.talosproperties.com
In the Greek newspaper ‘Kiriakatiki Eleutherotipia’ of Sunday, 23rd of March 2008 the writer G. Aggeli places a straight forward question ‘Should I buy a property now or not?’. The answer given is probably no surprise: Most experienced analysts would say that it depends on the property and on the area. The so called commercial sizes of 70 to 80 square meters at areas where demand is high are unlikely to decrease in price. One of the reasons being that construction costs increase year after year and builders or developers do not seem willing to sell for less.
The real estate market on the island of Crete in Greece and more specifically in the area of Chania involves a location where demand is high for a number of years now and one can find properties that are built according to high quality standards and designs. As a result despite the recent events in the world economy the number of people from Crete and beyond seeking for a villa or a home in Chania today is steady.
At the same time the developers and constructors in Crete know that they must restrain price increases so that they do not put people off. This mere fact, makes purchasing a property in Crete even more attractive now since the location is ever popular while the prices are still reasonable. So whether one is looking for a holiday home, a retirement villa or an investment property with high commercial value, these can be found in Chania and the best thing is that they can be found for quite reasonable prices.
Nektaria Kladitis is a Greek Canadian who has lived in Canada, Greece and England, acquiring a Bachelor of Arts, a Masters of Science as well as years of experience in properties overseas. Nektaria is also the creator of the property consultancy - Talos Properties.
Talos properties was created in order to guide and protect all of you who wish to acquire your dream property in Crete, the island that has been loved by Gods and humans alike throughout the centuries. When you choose Talos Properties for the search of your property in Crete we can offer you further advice on financial and other matters. For more information please access the Talos Properties website at: http://www.talosproperties.com
3/13/2008
3/12/2008
Greece has become an increasingly attractive destination for people looking for a property overseas
How prices of properties are rising in Greece
According to a 2007 study conducted by "A Place In the Sun" a specialist magazine, through exhibitions devoted to property seekers in Britain, Greece has acquired position No 7 in the top ten most popular countries for a British to purchase a home in the sun. Results of a survey published in January of 2008 in an article in the Greek newspaper "Kathimerini", showed that in Athens and Thessaloniki in the so called "premier areas" the value of properties have increased by 175% between December of 1998 and December of 2006. On average this rise in value equals to a 26% annual increase. At the same time in the less expensive areas, the value of properties has increased by 91% for the same period, which translates to an average percentage of 13% per annum. In other parts of Greece as in Crete, the annual rise of property prices is 10 to 15% despite the fact that on the island of Crete, developments emerge mostly in premier areas. The natural formation of this island offers a large number of plots in what is considered by locals and citizens of the world as premium locations. In the same article mentioned above "Kathimerini", writer Giannis Siotou mentions: According to the experts, renewing a property portofolio according to when it was built and to the current market trends i.e. emerging markets, can protect its value from time. A property is not like wine which gets better as time passes by. Despite regular maintenance its value shrinks as years pass by. However in the Greek property market there is limited experience of investments leading in damages. Two of the main factors that will help a property maintain its value even in times of crisis are highlighted in the above article but are also known to most property seekers these consist of: a) location and b) quality of construction. There are a number of developers who believe that in the wider Chania area in Crete there is now an emerging market where prime location is offered widely. Views of the sea and/or mountain peaks covered with snow are found in the majority of villages while access to sandy beaches is often a matter of a few minutes drive or walk. As a result the factor "location" is covered in the majority of cases. As far as quality of construction is concerned the competition in Chania and Crete is probably more intense when compared to the rest of Greece. The reason behind this is exactly the number of interested buyers attracted and the offer of options through various builders and developers. Naturally selecting a quality builder is vital and property seekers may always remember that people get what they pay for. In general quality and location exist and that is the reason why, while in most areas in Greece prices remain stable the prices in Crete are raising. However, the raise when compared to other areas in Greece or overseas is reasonable and that is a key factor that protects the market and the purchaser. A home seeker or an investor may not forget the importance of real estate companies. They are bound to be professional and guide people by offering them independent advice when conducting a research for them. This article has been written by Nektaria Kladitis, owner of Talos Properties, a real estate company based in Chania, Greece.
According to a 2007 study conducted by "A Place In the Sun" a specialist magazine, through exhibitions devoted to property seekers in Britain, Greece has acquired position No 7 in the top ten most popular countries for a British to purchase a home in the sun. Results of a survey published in January of 2008 in an article in the Greek newspaper "Kathimerini", showed that in Athens and Thessaloniki in the so called "premier areas" the value of properties have increased by 175% between December of 1998 and December of 2006. On average this rise in value equals to a 26% annual increase. At the same time in the less expensive areas, the value of properties has increased by 91% for the same period, which translates to an average percentage of 13% per annum. In other parts of Greece as in Crete, the annual rise of property prices is 10 to 15% despite the fact that on the island of Crete, developments emerge mostly in premier areas. The natural formation of this island offers a large number of plots in what is considered by locals and citizens of the world as premium locations. In the same article mentioned above "Kathimerini", writer Giannis Siotou mentions: According to the experts, renewing a property portofolio according to when it was built and to the current market trends i.e. emerging markets, can protect its value from time. A property is not like wine which gets better as time passes by. Despite regular maintenance its value shrinks as years pass by. However in the Greek property market there is limited experience of investments leading in damages. Two of the main factors that will help a property maintain its value even in times of crisis are highlighted in the above article but are also known to most property seekers these consist of: a) location and b) quality of construction. There are a number of developers who believe that in the wider Chania area in Crete there is now an emerging market where prime location is offered widely. Views of the sea and/or mountain peaks covered with snow are found in the majority of villages while access to sandy beaches is often a matter of a few minutes drive or walk. As a result the factor "location" is covered in the majority of cases. As far as quality of construction is concerned the competition in Chania and Crete is probably more intense when compared to the rest of Greece. The reason behind this is exactly the number of interested buyers attracted and the offer of options through various builders and developers. Naturally selecting a quality builder is vital and property seekers may always remember that people get what they pay for. In general quality and location exist and that is the reason why, while in most areas in Greece prices remain stable the prices in Crete are raising. However, the raise when compared to other areas in Greece or overseas is reasonable and that is a key factor that protects the market and the purchaser. A home seeker or an investor may not forget the importance of real estate companies. They are bound to be professional and guide people by offering them independent advice when conducting a research for them. This article has been written by Nektaria Kladitis, owner of Talos Properties, a real estate company based in Chania, Greece.
Why National Growth is higher in Greece and why investing in properties in Crete is a wise choice.
A line of thought that highlights the importance of the property market and of Greek culture.
At a time of doubt and uncertainty in the world economy, it is encouraging to be presented with positive facts about Europe. In an article in the Greek financial newspaper "Naftemporiki" published on Friday the 15thΒ of February 2008 (pg. 5), the economic growth of all the European Union member states in 2007 is 2,6% when compared with 2006 while Greece had a growth of 3,95%.
Naturally no one can disagree that this growth is decreasing when compared with previous years but it may be considered as leveling off after the explosion of growth which was generated because of the 2004 Olympic Games hosted in Greece. The construction sector was obviously a dynamic element in the growth created during the past five years. The positive factor is that this has evolved in a real estate market for various areas in Greece such as the island of Crete.
It is no secret that builders have become developers because they focused on attracting in Crete, potential home owners from wealthier countries. One of the revelations of the past year is that these companies now realize that Greeks are also looking for properties and realize that the percentage of home owners is quite high when compared with other countries in Europe. By focusing on international clients, companies had forgotten that Β the local culture purchases or builds a house at least once in their lives, for example when one is getting married. Investing in properties for the future generations of a family is equally popular.
A temporary slowing down of the world economy or a sub prime loan generated crisis, can not change the culture of the people in a country, especially when the locals are the Cretans. As a result the purchase of properties is not slowing down exactly because it is also generated from the local market as well as from the international clientele. This means, that the property market has an additional shield of protection and a factor which may convince people to view buying property in Crete as a safe investment.
It may come as a surprise that national or local cultures and beliefs can have an influence in maintaining economic growth in a country. On the other hand, it is important to remember that human resources are behind every economic chart no matter whether it is positive or negative.
Nektaria Kladitis is a Greek Canadian who has lived in Canada, Greece and England, acquiring a Bachelor of Arts, a Masters of Science as well as years of experience in properties overseas. Nektaria is also the creator of the property consultancy - Talos Properties.
Talos properties was created in order to guide and protect all of you who wish to acquire your dream property in Crete, the island that has been loved by Gods and humans alike throughout the centuries.
At a time of doubt and uncertainty in the world economy, it is encouraging to be presented with positive facts about Europe. In an article in the Greek financial newspaper "Naftemporiki" published on Friday the 15thΒ of February 2008 (pg. 5), the economic growth of all the European Union member states in 2007 is 2,6% when compared with 2006 while Greece had a growth of 3,95%.
Naturally no one can disagree that this growth is decreasing when compared with previous years but it may be considered as leveling off after the explosion of growth which was generated because of the 2004 Olympic Games hosted in Greece. The construction sector was obviously a dynamic element in the growth created during the past five years. The positive factor is that this has evolved in a real estate market for various areas in Greece such as the island of Crete.
It is no secret that builders have become developers because they focused on attracting in Crete, potential home owners from wealthier countries. One of the revelations of the past year is that these companies now realize that Greeks are also looking for properties and realize that the percentage of home owners is quite high when compared with other countries in Europe. By focusing on international clients, companies had forgotten that Β the local culture purchases or builds a house at least once in their lives, for example when one is getting married. Investing in properties for the future generations of a family is equally popular.
A temporary slowing down of the world economy or a sub prime loan generated crisis, can not change the culture of the people in a country, especially when the locals are the Cretans. As a result the purchase of properties is not slowing down exactly because it is also generated from the local market as well as from the international clientele. This means, that the property market has an additional shield of protection and a factor which may convince people to view buying property in Crete as a safe investment.
It may come as a surprise that national or local cultures and beliefs can have an influence in maintaining economic growth in a country. On the other hand, it is important to remember that human resources are behind every economic chart no matter whether it is positive or negative.
Nektaria Kladitis is a Greek Canadian who has lived in Canada, Greece and England, acquiring a Bachelor of Arts, a Masters of Science as well as years of experience in properties overseas. Nektaria is also the creator of the property consultancy - Talos Properties.
Talos properties was created in order to guide and protect all of you who wish to acquire your dream property in Crete, the island that has been loved by Gods and humans alike throughout the centuries.
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