Is buying property in Corfu good move?
With the recent U.K. government initiative allowing people to invest in residential property through releasing monies held in their pension fund, there has never been a better time to buy a second home in Corfu. Property in Corfu is extremely affordable, when compared to the Northern Mediterranean, and its a much safer place to invest than other places nearby. However, since Greece joined the European Community, property prices have risen at a steady pace year on year.
The latest economic data points to the cost of living in Greece reaching parity with the UK by 2026. When you consider an average two bedroom detached house in the UK costs more than twice that of one in Crete, you can see that buying a home in Corfu, is certainly a good move.
Corfu is an island paradise where a couple can live well on around 11,000 euros a year, and that would include running a small car and even comprehensive private health insurance too!