The,effect,the,global,downturn business, insurance The effect of the global downturn on property sales in Crete
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enjoy organic vegetables and a laid back, kinder lifestyle than thatin the UK allowed themselves originally to opt out of purchasing theirdream property surrounded by sandy beaches, blue skies and endlessmountains and greenery. After initial looks they went back to the UKand decided to put it off. As the year progressed and the Governmentmanaged to give us more and more mismanagement and gloomy news the samepeople returned to try and buy the properties they had viewed andliked, only to find they had been snapped up by a braver person.Northern Europeans are still buying property in Crete,Crete still offers the same temptations it offered before the creditcrunch in fact in some ways even more despite the weakness of the Poundagainst the Euro because what is on offer in Crete is unobtainable inUK right now. Cretian propertiesat realistic prices, sun, sea, sand, clean air and many entertainmentsfor free and a laid back, café society of friendly people. Goodhospitals free with no queues in A and E gorgeous locally grownfoods many hours of daylight and sunlight, and most of all space andcleanliness and a very very low crime rate.Another aspect of living abroad has now come onto the horizon ourpresent government is borrowing so much money that future tax payerswill have to pay the cost of this. As EU citizens living in any EUcountry it is possible to choose where you pay your tax, so many peoplebuying and living in Crete in the future are likely to opt for theGreek tax system to avoid paying the high taxes sure to come alongeither as Direct or cloaked taxes within a very few years.The kind of person wanting to buy property in Cretehas reverted to the kind of buyers in the early nineties, that ispeople who love Crete, we are no longer getting the investors whothought they saw a chance of making a quick buck by buying off plan andselling on at a profit, clients buying now are stretching themselves tobuy the house of their dreams in so far as they can afford it andtaking into account good bus services, good facilities, accessibilityto airport (for visiting friends) and nearness to beaches.There is a lot of interested from the Scandinavian countries likeFinland and the French people normally only interested in renting -are also quite strong in the market.As we draw towards the end of 2008 nothing has changed essentiallyin Crete. Certainly there are no prolific sales going on, but the factremains that people living in the UK are finding it an attractive ideato move to an EU country where the climate is kind, the sandy beachesare relatively empty and the quality of life is still very high.Some feel confident that 2009 will see a complete turn around insales and that many people completely at odds with the Government ofthe British Isles, the lack of quality of life, and the high crime ratewill turn their attention to a lifestyle with family values, goodclimate and a low crime rate. There are still many people who want tomake their home on an island in the sun.
The,effect,the,global,downturn