25 February 2015

Good news on mortgages to purchase your dream home

After the last few years of no loans being offered to foreigners, mortgages for foreign buyers will soon be available again in Greece. Today, we were invited to a meeting with representatives of one of the major Greek banks, at which they outlined mortgage schemes which they anticipate will shortly be available to foreign buyers. 

They will consist of up to 50% loan to value, at a variable rate, over periods of up to 15 years and with no early repayment penalties. They will consider most amounts, on most types of properties, each case being treated individually. They will also consider land purchase, and construction loans.

Other types of loans, unsecured, for repairs and renovations will also be on offer.

Buyers will be required to provide the usual proof of income, and credit worthiness.

The bank have promised to make full details available to us shortly - they had the schemes under way at the end of 2014 but shelved them temporarily because of the elections, and now arrangements are under way again. 

What is interesting is that they specifically requested to meet us, to promote the fact that they will be actively offering these facilities. In the past some of the banks used to say that ‘of course we will consider applications’ but after dragging out the process, the loans often didn’t materialise, so we are actually quite impressed.

Light at the end of the tunnel maybe?

13 February 2015

Current bargains on the market

There are some rather good value properties around at the moment, either reduced or recently on the market at low prices. The exchange rate is also helping out British buyers as well, making the bargains even bigger!  

Here are just a few of the smaller, ready to live in  houses.

You can find more on the Corfu Homefinders website.


11 February 2015

Alonaki Bay, Halikouna, in winter

In spite of our political upheavals, (and boy, do we specialise in those here in Greece) some things always go some way towards making up for it!

We are not always in Corfu

Despite the rainy days we have here in Corfu, I think this photo taken from the Shard in London In January sums up the reasons people yearn to live in the Mediterranean! Grey, grey, grey!

Just another day at the beach

We all think of a day at the beach as sunbeds and cocktails but in Corfu you can have a day at the beach even in the depths of winter. The two little blobs in the sky are the sails of kite surfers, braving February's high seas at St George's South.