Tips for Real Estate at Paxos Island in Greece

0 Comments

In Greece, for the last 4 years we have been facing the strongest effects of the global financial crisis and unfortunately nobody in our country can suggest a serious and viable solution. Every day we hear that we have to take measures and every measure that our Greek Government takes is worse than the last one, as nobody now has the money to pay their taxes.

Therefore, many Greek businesses have been closing down due to their debts to the banks, or because they realize that they are unable to afford either their burden, according to the Greek Taxation system or their insurance. All these are some serious factors that led to the closure of numerous businesses and, as a result, their owners are now unemployed.

Since 2008 unemployment in Greece has raised from 11% to nearly 30% of the population and unofficially it’s close to 40% which means that 1 to 2 persons in one family of 4 members are unemployed.

Paxos Island, on the other hand, is an island in the Ionian Sea, with a population of 2500 people, where most people are occupied in seasonal jobs, like in the Tourist industry, which means that they have to work for 6 months in order to make their living for the rest of the year. The very first time you are found in Paxos Island, you will see that it’s full of surprises, people with a warm welcome, people that treat you as a local, guide you to some beaches that were like an earthly paradise as Antipaxos beach or Anassa.

Paxos Island is a place where,every summer, many people, nearly 200,000 came in the summer of 2011, come from around the world to have their holidays, to admire the beauty and every year most of these people come back again and again because Paxos is like Rome without Fontana di Trevi, but with Antipaxos Island.

Despite the hard financial crisis that Greece is undergoing, real estate is coming to introduce a new era and innovative ideas regarding villas or houses as your future property in this small paradise called Paxos. There are so many properties that you should definitely look, because the quality of the property plus the best prices you can get is a strong combination that you would probably not find anywhere else.

Before you start talking about properties, the advice is to visit Paxos, to experience this paradise, to see how life in Greece is and decide if you are ready to have one of your properties there.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts