Corfu is a beautiful island in Greece that has long been popular with tourists. But can Brits actually buy property there? According to Greek law, foreign nationals are allowed to purchase property in Greece. However, there are some restrictions in place that potential buyers should be aware of before they start their search.
The current state of the Corfu property market
The Corfu property market is currently in a state of flux. There are many properties available for sale, but prices have not yet recovered from the economic downturn. This makes it an ideal time to buy property in Corfu, as prices are likely to increase in the future.
There are a few things to consider before purchasing property in Corfu. The first is that you need to be aware of the potential risks involved. The second is that you should consult with a legal advisor to ensure that you are making the best decision for your situation.
If you are thinking about buying property in Corfu, now is a great time to do so. Prices are low and there is a great selection of properties available. Just be sure to do your research and consult with a legal advisor before making any final decisions.
How Brexit has affected Corfu property prices
Since the UK voted to leave the European Union in 2016, there has been a lot of uncertainty surrounding the future of British property buyers in Corfu. Prior to Brexit, Corfu was a popular destination for British holiday home buyers and retirees looking for a sunny place to enjoy their golden years.
However, the Brexit vote has caused sterling to weaken against the euro, making Corfu property more expensive for British buyers. In addition, there is now uncertainty about whether UK citizens will be able to continue to live and work in Corfu after Brexit. As a result, many British buyers are now choosing to wait and see what happens with Brexit before making any decisions about buying property in Corfu.
Despite the current uncertainty, Corfu remains a beautiful and popular destination for holidaymakers from all over Europe. If you’re thinking about buying property in Corfu, it’s important to seek professional advice to ensure that you understand all of the risks involved.
Conclusion
Yes, Brits can buy property in Corfu as long as they follow the necessary procedures. The process is not complicated, but it is important to be aware of the steps that need to be taken in order to avoid any potential problems. With a little research and planning, buying property in Corfu can be a smooth and enjoyable experience. Contact us today to buy or sell property in Corfu
