Overview of Greece

On this page you will find links to details of Greece holiday homes for sale and Greece rental accommodation. Many people have purchased property in Greece for holiday rental purposes only to discover that the tourist board have stopped issuing licences in that area because of over saturation of the market, it is thus vital that you do your home work before buying a Greek Holiday home for rental purposes. To a certain extent the Greeks must be applauded, the issue of licences is designed to ensure that holiday accommodation is of a sufficient standard and the government is very keen than visitors to the islands can stay in property that is safe and will give the renter a good impression of Greek standards. One of the areas where purchasers of second holiday homes in Greece do come unstuck is regard to renting the property out to holiday makers to try to recoup some of the mortgage costs. This is not straight forward in Greece and if you are considering renting your property for periods of less than 3 months then you will need to secure an EOT licence from the Greek Tourist Office. This law applies whether you are going to rent via a holiday letting company or just to your friends, you will still need to obtain the licence. Recently, the Greek authorities have started to clamp down on Holiday Home owners that do not have the necessary licence, if you are caught renting your property without the necessary permit, you could face a very hefty fine and may even face deportation. Greece has for many years been popular as a holiday destination with Brits and many are now considering buying a second home on one of the seemingly infinite number of Greek Islands. Greece is a member of the EU but is still seen as a developing country in a property growth cycle and the rules and regulations relating to property purchase can be quite complex although obtaining a mortgage is now relatively easy.