Reply to: Thinking about visiting this place with a view to making an offer

[bingobob]

Why would a change of currency make any difference? Why would a change in currency lead to a dramatic drop in value? What's the thinking there?

It's actually easier for me to buy in euros since that's what is in the bank.

The new drachma will be immediately devalued, as a result the debt owed by Greek mortgage holders (which will have been converted to new drachma) will fall dramatically and they will be free to accept much lower Euro denominated offers on their property and still pay off their new drachma debt. The knock on effect of this will be a reduction in property values when priced in any asset class other than new drachmas. Similar to what has happened in the UK.

[DimPrawn]

4 bedroom house for sale in Ionian Islands, Kefalonia, Chaliotata, Greece

Cheaper, big plot 4000+ sq m, it would cost about £10K to put in a large private pool, no scummy communal areas full of wannabe chavs.

[milanbenes]

the description from the advert says.,...



Cyclamen House is one of the largest properties situated on this private and exclusive estate above Sinies.


>>>>>> I'd leave it alone at this point, private estate and stuck up arseholes isn't my scene


Designed to perfectly utilise the outdoor space for entertaining or for families, the house has its own plunge pool and beautifully formed and maintained gardens.


>>>>>>> plunge pool means bathtub by the patio


Access to the large and impressive shared pool and spa facilities beneath is easy, and involves a short and pleasant walk through the landscaped communal areas.


>>>>>>> cummunal pool and areas, for feck's sake if you are paying 700k eur down there then you want your own private everything

would anyone want to pay that kind of money for a holiday home and have to share the swimming pool with other stuck up cants ?


Milan.

[sasguru]

Hey Pooper, I don't think your German employer will like you being on t'internet so much.
Be careful or soon you'll be back in your grotty one-bed in Glasgae.

[alreadypacked]

Zoom out on the map and have a look at the airport, could have a noise problem.

[MarillionFan]

Yeah what happen to DP not seen him in ages.

Sex change operation in Bangkok. They're going to make him a man.

[scooterscot]

They've killed Dimprawn.

You bastards!

Yeah what happen to DP not seen him in ages.

[MarillionFan]

Looks like we have a new Walter Mitty.

They've killed Dimprawn.

You bastards!

[scooterscot]

For those reasons, I'm out.

Sharing is caring.

[sasguru]

Looks like we have a new Walter Mitty.

[fullyautomatix]

Half a million ?? In greece ? I would pay 50K tops.

[scooterscot]

You are probably right. Think of all the horror stories that British expats have to relate about Spanish planning and multiply by a fudge factor.

Corfu is not Spain!!! If I even thought there was a union jack outside a tacky restaurant the deal would be off.

[scooterscot]

Wait two months and buy it in new drachmas.

Why would a change of currency make any difference? Why would a change in currency lead to a dramatic drop in value? What's the thinking there?

It's actually easier for me to buy in euros since that's what is in the bank.

[Sysman]

I'd be very careful about buying anything which falls under Greek tax juristiction; someone I know who moved over there and built his own place is now being hounded by tax officials and threatened with court after they decided to change how the height of a perimiter wall should be measured.
Apparently he's not alone and several other ex-pats are being hounded for other spurious "tax infringements"

You are probably right. Think of all the horror stories that British expats have to relate about Spanish planning and multiply by a fudge factor.

[Spacecadet]

I'd be very careful about buying anything which falls under Greek tax juristiction; someone I know who moved over there and built his own place is now being hounded by tax officials and threatened with court after they decided to change how the height of a perimiter wall should be measured.
Apparently he's not alone and several other ex-pats are being hounded for other spurious "tax infringements"