 More flights means more opportunities in Greece
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 GB Airlines has increased the number of its weekly flights during the summer to the Greek islands of Crete (five), Corfu (four) Rhodes (two) and Mykonos (two) opening up more opportunities for property rentals.
These additional flights avoid the need for ferry transfers and so will cut down journey times. This in turn makes these destinations more attractive for short break holidays.
The extra flights are also expected to lead to an increase in development. Piraeus Bank, one of Greece’s top banks, is making it easier for overseas investors to purchase property.
The bank is offering mortgages to British and Irish citizens of up to 80% on residential property and 70% on land.
In the past Crete, Corfu and Rhodes have been among the favourite places for UK investors, but the smaller islands of Santorini, Skiathos, Skopelos, Zakynthos and Kefalonia are growing in popularity.
Date: 29/6/2007
Author: Aspasia Polymerou |
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Greek 
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