After the crisis in 2008, land prices all over the world are dropping, making this an excellent period for great land investment opportunitie.As many relevant studies show, since the beginning of 2008 there has been a rapid increase of interest from international investment companies, who want to exploit the “tidal wave” of tourist development that currently takes place in Greece.
Most of these companies are from the UK, Scandinavian countries, the United Arab Emirates, Russia, Israel and China.
There is also a national plan of high priority to increase the Greek tourism by no less than 50% in the next five years.
This, in simple Greek, means that there will be huge, one-of-a-time opportunities for land investors in Greece, during these five years.
According to numerous studies that monitor the trends of the Greek Real Estate Market, in many areas of tourism interest, the predicted increase in land prices, during that five-year period, is estimated to be between 100% and 150%.CEO of a big investment fund has recently said:“In the end of the 90s it was Spain. Now it’s Greece.
”In Greece, apart from the considerable reduction in land prices – which used to increase literally every month during the past five years – there are other specific factors, that make the Greek Land Investment Market hard – and costly – to ignore.
One of the main factors is that the lack of a reliable national land registry, which has possibly been the biggest problem in the past, is coming to a final solution.A modern, centralized and online accessible land registry is set to be completed by 2010 – which, according to most relevant studies, is the year that land prices will begin climbing again.