There has been much speculation about whether or not property prices are falling in Corfu. While the economic downturn has hit the island hard, there are still many people who are interested in purchasing property here. In this article, we’ll take a look at the current state of the market and what experts are predicting for the future.
Greece’s housing market
According to the Hellenic Statistical Authority, home prices in Greece have been on the decline since 2008. However, there are some areas of the country that have been hit harder than others. One of these areas is the island of Corfu.
Since the beginning of the economic crisis, property prices on Corfu have dropped by as much as 50%. This has caused many people to lose a significant amount of money on their investment.
However, there are some signs that the market is beginning to rebound. In the first quarter of 2014, prices rose by 2.5%. This is a small but encouraging sign for those who have been waiting for the market to bottom out.
If you’re thinking about buying property in Greece, now is a good time to start doing your research. Prices are still very low and there are some great deals to be had. But don’t wait too long – as the economy continues to improve, prices are sure to start rising again.
The effects of the pandemic on property prices in Corfu
The pandemic has caused a lot of uncertainty in the world, and this has had an effect on property prices in Corfu. While there is no definitive answer on whether prices are falling or not, there is certainly a lot of speculation. Some believe that the pandemic will cause a decrease in demand for holiday homes, which could lead to prices falling. Others believe that the pandemic could actually increase demand for properties in Corfu as people look for a safe place to invest their money. Only time will tell what the real effect of the pandemic will be on property prices in Corfu.
Where to buy property in Corfu
Corfu is one of the most popular Greek islands and is well known for its stunning beaches, crystal clear waters and beautiful scenery. It’s no wonder that property prices on the island have been steadily rising in recent years.
However, there are signs that the Corfu property market may be cooling off. Prices in some areas have begun to flatline or even fall, particularly in the luxury market. This could be a great opportunity for buyers who are looking to invest in property on the island.
If you’re thinking about purchasing property in Corfu, it’s important to do your research and consult with a local expert. They will be able to advise you on the best areas to buy, depending on your budget and needs.
So, if you’re looking for a bargain on a stunning Greek island, now could be the time to snap up a property in Corfu!
What type of property is popular in Corfu
There are many different types of properties popular in Corfu. Villas, apartments, and even old properties renovated into modern homes are all in demand. For those looking for a more affordable option, there are plenty of lower-priced options available as well. No matter what your budget is, there is a property type available to match it in Corfu.
Conclusion
There is no simple answer to the question of whether or not property prices are falling in Corfu. The market is constantly changing, and what may be true today could very well change tomorrow. However, if you’re thinking of buying property on the island, it’s worth keeping an eye on the trends so that you can make the best decision for your needs. Contact us to buy or sell your property in Corfu
