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  1. #1

    Default Greece Properties, anyone?

    Anyone has experience investing properties in Greece?

    Kind to share?

    Thank you.

  2. #2
    Join Date
    Jun 2013
    Posts
    2,104

    Default

    Strange usage of the word investing.

  3. #3

    Default

    Put it in the Europe section, so it doesn't push far more relevant NZ threads off the page.

  4. #4
    Join Date
    Sep 2013
    Location
    Auckland
    Posts
    3,885

    Default

    If I'm a billionaire, I won't mind splash a few million on a nice island there for sure!

  5. #5
    Join Date
    Feb 2004
    Location
    Wellington
    Posts
    2,776

    Default

    Delightfully in need of some Tender Loving Care
    Blessed are those who can give without remembering and take without forgetting
    Some things are not as they seem, nor are they otherwise

  6. #6
    Join Date
    Sep 2007
    Location
    Auckland
    Posts
    8,305

    Default

    The situation in Greece is critical:http://m.nzherald.co.nz/business/new...ectid=11475346

  7. #7

    Default



    "To revive the housing market, the Greek government recently offered residence to non-EU investors purchasing or renting property worth over 250,000. The residence plan, which is similar to measures adopted by Hungary, Spain and Portugal, is valid for five years and open to renewal." (Source: GlobalPropertyGuide)

    I think Chinese investors may be keen. If Greece was up for sale, think they will be keen too.

  8. #8
    Join Date
    Sep 2013
    Location
    Auckland
    Posts
    3,885

    Default

    Rich chinese want to invest where its stable economy, and out of the communist iron curtain.

    Greece is too speculative.

    If they want to speculate they would have enjoyed their roller coaster ride on the chinese stockmarket already!

  9. #9

    Default

    Gary, I am not speculating. I want to buy and keep during my life time. Greece is the birth place of democracy, good to own one property there. My plan is to own at least one property in all major cities. After all, don't we all want to buy at low?

    Famous quote but not many follow, "“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

  10. #10
    Join Date
    Sep 2013
    Location
    Auckland
    Posts
    3,885

    Default

    You better find out what the annual rates are and what happens if you fail to pay that.

    some states in US confiscates land when land taxes not paid, and many states land taxes are very dear!

    dont buy into similar trap in greece


 

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