Property In Corfu – Bucking The Trend?
We had our first sale this summer to someone who, despairing of ever being able to buy a decent apartment in London, decided to get on the holiday home property ladder instead. She is now the proud owner of a gorgeous little newly built house in the south of Corfu, just minutes walk from the sandy beach at St. George. She has already furnished it and spent her first holiday in her very own place in the sun in Corfu, having spent under 60,000 pounds in total.
There are also several enquiries from more established couples who are giving up on the idea of buying in Britain, and others who have realized that with the cash or loan they have earmarked for an extension in the UK they can afford a whole house in Corfu.
Far from being depressed, therefore, the market in Corfu seems to be filling a gap. We will probably shortly be seeing the arrival of clients who don’t want to leave any spare cash in the bank, and would prefer a rental investment in Corfu that they can also use themselves and have fun at the same time as keeping their money safe.