By Jonathan – Angels Greek Island Homes
Due to the current global economic down turn some investors are looking towards buying property in Greece instead of investing in stocks and shares. The Greek property market has taken a slight dip and there are many opportunities attracting buyers to Greece.
“So, are houses prices falling thick and fast on the Greek Island of Skopelos?” potential buyers ask us. “If we buy now, can we get a great bargain?”
Well, the answer is a confusing yes and no.
On Skopelos Island for example, the Greek property owners are quite laid back and phlegmatic in their approach to this new economic climate. They know that selling their houses and land could take about three years and are in no rush to drop prices. Some property owners may just prefer to ‘wait it out’.
On the other hand, some overseas property owners who may be feeling the effects of the ‘Credit Crunch’ have decided to put in their own holiday homes on the market.
Here there are bargains to be picked up. Houses in Palio Klima Skopelos which would of fetched Euro 120,000 six months ago can now be bought for Euro 95,000. Land could also be had at bargain prices. A 4000 sq metre plot that you can build your dream Greek Island home on may be bought for as little as Euro 45,000. How about: Barbara’s House in Klima KH025 or Louise’s House Gloss KH027.
For more details on these bargains and property options please see the Glossa Houses link or price list on our property page.
Now is a great time to be a buyer on Skopelos Island Greece
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By: Roger Fox -Glossa Houses
Photograph by: Jonathan – Angels Greek Island Homes
As the bustle of high summer gives way to a more gentle, warm and relaxed October and November, people who can make themselves free of school holidays come house hunting in Skopleos.
Many buyers nowadays are not looking just for a summer holiday house. They want a home they can visit at anytime of the year and feel comfortable.
Skopelos, the greenest Greek island, does have real winters, albeit mild and gentle compared with the UK. The winter rains refresh the island and keep its forests sparkling. They also bring out the wild flowers which are such a feature of this island in the autumn and spring when the weather is perfect for long walks. And of course the sea is warm enough for swimming until at least the middle of October.
There are many houses on the market which are suitable for occupation at all seasons of the year. A two bedroomed house like this in good repair in Skopelos Town will cost from €150,000 to 200,000 and a similar sized property in Glossa a little less. Two bedroomed houses in Glossa needing a little tidying start at €120,000 and a real beauty can be had for €140,000.
But the Mamma Mia effect is already being felt. Having experienced at first hand the pine fringed beaches and the dramatic scenery; many visitors have decided that this is the Greek island for them.
Good plots of land are still available, but the best are starting to be snapped up by smart buyers getting ahead of the game. Prices start at around €60,000 for a 4,000 sq metres plot with good views.
Skopelos is protected from over-development by the short ferry hop from Skiathos, the nearest airport.
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By Roger Fox – Glossa Houses.
Photographs are by Jonathan of Angels Greek Island Homes.
Skopelos, the greenest Greek island, is becoming the place of choice for those in the know. Last summer’s filming of Mamma Mia The Movie has put the island with its dramatic scenery and lovely beaches in the spotlight.
Skopelos Town is a lovely place to have a holiday home. It has small tranquil squares, quaint churches and a waterfront with taverns, bars, restaurants, upmarket antique and jewellery shops. The old town is a designated preservation area as its traditional architecture is unique amongst Greek islands. New buildings must retain the old style.
For those who love the idea of owning a house in a year-round working Greek village, Glossa may be ideal. Plenty of opportunities exist to renovate traditional houses or to buy fast disappearing plots of land for building inside the town plan. There are also houses for sale that are ready to live in; some are furnished, some sell with household items.
The architectural style of the village is similar to that found in northern Greece, white-washed buildings with wooden balconies and terracotta roof tiles. Around 1400 people live here throughout the year with the usual amenities open to serve the local population. You can get quite breathless walking the steep pathways and stairs but the magnificent views make it all worthwhile!
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