Buying land is a good investment

This is a time for buyers. There are more properties for sale and property prices have gone down, especially on Zante, Greece. Now is the time to get more for your money. Starting with a good plot of land.

Prime locations

Land has always been a safe investment in Greece, as we noted last year in ‘Is it the right time to buy property in Greece’. But with the economic crisis in full flow, more families have put their land on the market. And more for sale means better choice.

Indeed, some of the properties are at prime locations: easily accessible, beautifully lush with splendid views and the desired privacy. At the right price, you might even get your own little beach along the Ionian seaside.

Here is a rare beachfront property for sale in Tragaki, east coast Zante

Development potential

Properties for sale on Zante are now both more and larger. When the surface area of a plot increases, so does its building coverage ratio. This adds to its development potential, not to mention the long-term value on your investment.

Under Greek law though, not all types of land can be developed. Restrictions apply to forested areas or plots outside settlements, among others. So before buying, consider how much and which part of the plot you are buying can be used.

We can help you sort out what you should take carefully into account when buying property in Greece.

The off-plan property alternative

This is the flexible buy-now-build-later option – and it’s a good one. You can buy the land now to make the most of current friendly pricing on a large choice of properties for sale. Then you can consider what you want and can afford to build on it, be it a private home or a commercial property.

Buying off-plan you get to save about 85% in fees and taxes. Plus, a clearly set pay-as-you-go system allows you to put together the capital slowly.

More benefits from buying off-plan property with thalassa properties.