Greek property news

April 6, 2012

- Will other countries follow Greece Potato Movement example.



This series of articles is brought to you by Lou Traki.

Is Greece laying the groundwork for how debt ridden countries will manage in the future? Will they follow Greece’s Potato Movement example?

It’s no real surprise that the Greek people face an uncertain future with a degree of stoicism.

After all it is a Greek word, a philosophy founded on the principles espoused by Zeno of Citium and taught in Athens around 300BC.

What is surprising is that a proportion of Stoic principle is so un-Greek. Zeno taught that people should be free from passion, unmoved by joy or grief, and submit without complaint to unavoidable necessity.

Greeks free from passion? Not something I would have thought would ever catch on here. To see a Greek person holding forth on almost any subject, be it football, food, finance or family, is to behold a whirlwind of extravagant gestures, a multitude of facial expressions and a verbal bombardment of unbridled opinion.

OK, so the current economic situation could not in all conscience be declared unavoidable necessity, but it’s the Greek in the Street who is bearing the brunt of reform. One who works hard, pays his taxes and is seeing his wages cut by perhaps 30%.

With prices rising in the shops, and new taxes being introduced, ends are not only not meeting, but moving further apart.

Nonetheless, there is stoicism. More in the currently accepted definition, that there is adversity that must be met and difficulties to be overcome, and the Greeks are making a good fist of it.

I recently travelled to Larissa on the Greek mainland, in an area of large agricultural production. Potato farmers there have formed co-operatives to market their produce, bypassing the wholesalers and bringing goods to the consumers at more affordable prices. There is talk of apple producers doing the same. They are finding new ways to mitigate the impact of reform.

The shops in Larissa bustled, the cafes thronged. People just tried to get on with their lives. However, a doctor I spoke to was fearful about cuts in health services, and she was uncertain whether she could afford to continue working here, suggesting that a move to a more ‘developed’ country may be her only option.

This is a big part of the Greek tragedy. Those with desirable and transferable skills may end up leaving, and the country will be poorer if they do.

Ultimately, the Greek situation is an experimental work-in-progress. This will form the model for the next failed economy, and of course there will be more than one to come. Be it Portugal, Italy, Ireland or Spain, it can be no surprise that whatever happens in Greece is likely to be replicated elsewhere when the EU moguls come calling.

All of that means if you take your holidays in Tuscany, the Algarve, the Costas or in Wicklow, you would do well to pay attention to the Greeks, as this may be a portent of things to come.

And as for Zeno of Citium? Because he was a foreigner in Athens, being Byzantine Cretan by birth, he also gave rise to the word Xenophobia, an unreasonable fear of that which is foreign or strange. Again, from personal experience something which the Greeks as a whole cannot be accused of.

Maybe he went from Zeno to hero to zero….

Glossa is starting to wake up from winter, we’re in the middle of Lent of course but still only 2 restaurants open until at least after Easter, and the car ferry has only just started again. But on the plus side, the sun has started to shine after one of the longest and wettest winters most people can remember!

Contact Lou Traki or Angels Greek Island Homes HERE

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February 13, 2012

- Skopelos – Island Life Winter 2012



This series of articles is brought to you by Lou Traki.

It is an inescapable fact that most people see the Greek islands as a summer destination. There are some that also take advantage of the Spring and Autumn – cooler than the mad heat of July and August, a delight for nature spotters with flora and fauna abounding, and quieter without the mad scramble for a prime six square feet of beach.

Few, apart from some hardy and adventurous types, see the islands as a place to go in the winter. Travel is more complicated and subject to the vagaries of the weather, as is the supply of both water and electricity. You see being an island, Skopelos is in the middle of a ‘daisy chain’ of electricity supply that comes from the mainland, via undersea cable to Skiathos, Skopelos and then on to Alonissos. An interruption to that supply, and the whole island can be without power for several hours. It pays to be prepared. Gas lanterns, candles and camping stoves are available in most supermarkets.

That said, Glossa is a magical place in winter. Ignore the fact that many restaurants close, that half the village move to the mainland and the other half hibernate indoors, as much as possible Glossa becomes a proper village again as opposed to a tourist destination.

Awaking this morning to a light dusting of snow, (yes, snow, in the Greek islands), I decided to take a walk through the village, and then beyond towards the north side of the island. The village streets, normally resonating as sounds bounce off stone surfaces, seemed dulled as the snow softened any echoes.

There were children playing, genuinely thrilled by the cold, white powder, something they perhaps only see every three or four years. The ladies, muffled against the cold carried on the basic daily rituals of visiting the bakery for bread, and carefully choosing their vegetables from the shop. The old men ensconced in the kafeneion with hot, sweet elliniko kafe, playing cards or tavli (backgammon), various tradesmen grafting in workshops with wood or iron, windows steamy with the output from the somba, or woodburning stove.

Meanwhile, in the distance the faint crack of a small-bore rifle as some of the men go hunting, and another small but edible animal bites the dust.

I loved it. Yes, Glossa is a magical place in winter. Quiet, cold, windy, but magical. However, roll on the spring and a different kind of magic.

A brief word on the Greek economy: this is a discussion often heard in the cafe’s. Yes, Greece has problems. But so do Italy, Portugal, Ireland, Spain and to no small extent the UK. It is a European and in fact worldwide issue.

The vast majority of Greeks, despite many peoples’ preconceptions, are honest, hardworking and honourable people. They have seen their salaries slashed, the pensions reduced, taxes hiked, prices in the shops increased and a perceived handover of economic control to the EU. Rioters take to the streets of Athens, and the islanders look on in equal bemusement as non-Greeks.

Contact Lou Traki or Angels Greek Island Homes HERE

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November 10, 2011

- It is 2011 and I am living in Greece



This series of articles is brought to you by Lou Traki.

Things have got very quiet here, many people have left or gone into an early hibernation as they prepare for the winter. It has been quite cold and cloudy, not much sun. There is no more referendum and the Prime Minister has resigned. I’ve also heard that the local Town Hall people in Skopelos have had their salaries cut by 50%, so things are getting serious. The austerity measures are very bad. A Greek friend of mine living in Skopelos told me the Greek Government can take everything from him except his smile. They tried to take it but he wouldn’t let them…

The property tax in Skopelos will be 3 euro per square metre, and anyone who pays electric and has a tax number will have to pay. However, the electric company have complained that they will effectively be unpaid tax collectors and are talking about boycotting it as there will be a hell of a lot of administration work for them to do. Incidentally, Volos is rated at 6 euro and Thessaloniki at 9 euro!

Which brings me to living in Greece in November 2011

The house that Jack didn’t build…

Given the aforementioned, (or if you’re reading this in anti-chronological order, the after-mentioned), you would have to be bonkers to want to live in Greece. This was 2007 remember, so it was pre- banking collapses, global economic meltdown, new property taxes, Greek referendum, new coalition Government with economist Lucas Papademos as Prime Minister, a eurozone demand that a paper is signed by the Greek Government so there is no futher negotiation or hiccups over the bailout agreement and a pint in the local pub didn’t need a second mortgage.

We had certain set criteria which we had discussed, agreed and cast in stone: We didn’t want to buy, only rent; we didn’t want a ruin or massive restoration project and we DEFINITELY didn’t want the first house we saw.

So after agreeing to buy the first house we saw, a massive restoration project but with spectacular views and almost 1000 square metres of land, we pronounced ourselves happy and ran back to England to await the massive realisation and cognitive dissonance of what we had done.

“No problem”, I said, full of optimism. “We’ll just sell our house here and move over to Glossa Skopelos to live, and then take it from there. What on earth can go wrong?” The answer came with the resounding crash of the American sub-prime mortgage market, widely acknowledged as the catalyst of the 2008 crisis.

After four years of ‘For Sale’ signs outside our house – yes, that’s four years…in 2011 we finally pitched up in Glossa Skopelos, O.K so the economic situation in Greece and timing could not be worse. But we were here, my wife for a month and me, for the duration.

And that more or less brings us up to now.

Apart, that is, from the motorbike, horse, chickens, dog, cats and other sundry encumbrances.

Well, the horse is Yianni’s. He’s gone off to Europe for a few weeks with his wife to see their grand-daughter and I’ve agreed to look after it while they are away.

So I’m a mug…. I don’t know anything about horses. So far it only entails going to their house for about half an hour every morning and giving it straw as well as shovelling sh1t, but being a “stupid English” I’m also buying it carrots, apples and cereals from the supermarket.

Not to mention feeding their chickens (although the eggs are a bonus) and their dog and cat!

Life in Glossa Skopelos, what can I say? The rest can wait for the next instalment…

Contact Lou Traki or Angels Greek Island Homes HERE

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For information about buying and building property in Greece
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Buying property in Greece – Legal Guide

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Filippos Petsalnikos


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October 15, 2011

- Lou Traki moves to Greece – Why to Glossa Skopelos?



This series of articles is brought to you by Lou Traki.

Lou Traki has just moved from the UK to Glossa, Skopelos Greece, where he plans to live and start a Business

In the beginning…

Which is actually, not the beginning, but the end of the beginning.

It’s actually all Peter Mayle’s fault. Him and my friend Gary.

Peter Mayle was the first person I remember who wrote about going off and living somewhere else. Of course he wasn’t the first person to actually do it, but he popularised (some may say ruined) Provence in his books and I remember reading them.

Gary you won’t know. Unless you worked as an Apple Mac operator in Manchester in the 80’s or 90’s, lived in Chadderton, or drank in the Trafford Hall Hotel.

He was, and indeed is a good pal of mine who upped sticks and moved to Perth, Western Australia in about 1998. Being a good pal I did the decent thing and went to the airport to see him and his family off on their big adventure. In the back of my mind was the nagging thought: “Why do these things always happen to other people and not me?”

In 2000, being a good pal I did the even more decent thing and went with my wife and our kids out to Perth just to see if he was alright. He was… We came back, but the seed was sown.

“Why don’t we just bugger off and live somewhere else?” I said to my wife one day, sometime later. “cos” she said, in that way that means ‘Don’t be so daft’. From then on I was determined. That’s just the way we are.

Having frequently travelled to Greece and the Islands on holidays, it was the natural place to start. Keffalonia had always been a favourite destination, but had been unfortunately Correlli’d when we went back in 2005.

Crete in 2006 bore little fruit, once we battled through full English breakfasts, Sky Sports football and Daily Mirrors on street corners. We wanted something different.

Not wishing to give the impression that we were looking for the ‘Real Greece’, which incidentally doesn’t exist except in other people’s travel books from the 60’s or 70’s, we were looking for real life, somewhere with a bit of character. Charm, yes, but not all feta cheese and goats in the living room.

Fate brought us to Skopelos and the village of Glossa in 2007.

Now Greece is a bonkers country. For the uninitiated, ‘bonkers’ is an endearing northern term meaning ‘eccentric, charming, infuriating, frustrating and brilliant but with a tinge of madness’. The Greeks are bonkers people. Skopelos is a bonkers island, and Glossa is a bonkers village.

What on earth would make us want to stay there?

Contact Lou Traki or Angels Greek Island Homes HERE

Buy property in Skopelos
Property For sale in Skopelos

For information about buying and building property in Greece
Buy a home in Greece

Legal guide for buying property in Greece
Buying property in Greece – Legal Guide

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