While the idea sounds attractive to me as it is something I would think of doing in the future myself, the word 'invest' scares me a little for the simple reason that with things the way they are at present 'investing' anywhere is not cut and dried and getting your money back out could be difficult. Also transaction cost in Greece are high (up to 16%). If it were me I would think of renting there over one winter to see if it suits you before deciding to commit a large amount of money, Good luck with it.
http://www.livingincrete.net/buyingproperty.html
If you listen to too many negative comments from people who always sit on the fence you will never buy anything
so enjoy it as long as you can and leave the negative people sitting in the rain back in Ireland waiting for the right time to buy which will never happen for them.
Last chance guys - Stick to the point or I get deleting
If you check out some people past posts you will find if, you were buying in Paradise they would find problems with the place
I also own a holiday home unlike some but not in Crete
My advice is talk to someone who has a holiday home in Crete and who has this experience and will give you good and independent advice.
plans to live part of the year in Ireland and a fair bit of our long winter abroad.
I don’t think you should have any problems with access during the summer months with flights available on charter flights every week, I have not heard of anyone having problems with access.
hmmm.
here's +1 for the idea of renting for one long Winter, and taking a couple of breaks at various times of year before you buy. It ain't going to cost you much at all to rent for a few months in the Winter and then you can really see what it's like then. I have friends who ran a windsurf school on the south of Crete (Paleochora). It is a very different place in and out of season. I was also shocked by the general cost of living in Greece when I visited recently. Even in November when the Plaka was all but deserted, eating out felt expensive.
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