| Why buy in Crete? |
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Why set up home?
Crete is now one of the leading areas for first time buyers. As prices in the UK fluctuate, Crete property prices are incredibly stable therefore investment in Greek property is one of the most viable options in Europe. Quoted by the Daily Mail newspaper: "DUBBED the "jet-to-let set", first-time buyers unable to get on to the property ladder in the UK are investing in property abroad, a new study has revealed. Mortgage experts say the trend has been fueled by spiraling UK house prices. The average property in the UK now costs £205,372 while the average first-time buyer shells out around £150,000 for their first home. Young people, particularly those who are not looking to buy with a partner, are now being forced to explore different options, first time investment in overseas property is now a viable option. Once dominated by middle-aged "second homers" and retired couples, the overseas market is proving increasingly popular with young people. These budding property investors seek out the properties that can be used as holiday rentals. This in turn is used for equity to finance there first home in the UK. Crete offers a the opportunity for everyone to be on the 'property ladder'. If you are a professional investor, retiree or first time buyer the largest of the Greek islands has something for you. So whether you are a buyer wanting to retire or an investor taking advantage of the remarkable returns here, purchasing a new built home or building one from scratch on a plot of land is fairly straightforward with easy access to water and electricity supplies even in some rural areas. |