Lost Password? Register

Property news by Property Wire

Fri
Sep 05th
2008
Home arrow News arrow Europe arrow Little known Greek island first to benefit from government initiative to attract investment

Little known Greek island first to benefit from government initiative to attract investment

Print E-mail
Thursday, 26 June 2008
Samos to benefit from ferry opening
Samos to benefit from ferry opening

A new ferry service to the Greek island of Samos is breathing new life into the island's property market, it is claimed.

The ferry, launched in May, brings passengers from Bodrum, Turkey, and is part of an initiative by the Greek government to increase the number of tourists, and therefore demand for holiday lettings and investment.

It is expected to increase the number of visitors to the little known island by 50,000 by 2009. Overall the Greek government has set a target of increasing tourism throughout the islands by 50% by 2013 amid fears that the country has lost out to cheaper destinations like Bulgaria, Turkey and Croatia.

'Greece has many fine qualities. The historic significance of the country needs to be experienced to be appreciated,' said a tourist office spokesman.

'In particular we want to entice people to islands that they might not know about. Samos is largely untouched and is the first to benefit from this initiative. It is said to be the birthplace of Hera, Mother of the Gods, and the remains of her temple can still be seen today,' he added.

Samos is on the south eastern corner of the Greek Islands along Turkey's west coast. It has typical meandering streets, tavernas and a bustling waterfront. It is one of the most fertile of the Greek islands and is covered with vineyards. There are also direct flights from the UK during the summer.

'An increase in visitors is to be welcomed. The new ferry route is an excellent incentive to look at buying property on the island and benefit from this new influx of visitors. It is a charming place to invest in,' said Robin Barrasford, managing director of agents Barrasford & Bird Worldwide.

'Couple this with direct flights from the UK, and Samos will undoubtedly see a huge increased in tourism and revenue from tourism in the coming years,' he added.

The company also points out that the Greek government has made it easier for foreign investors.


BOOKMARK THIS PAGE (What is this?)     Digg!Reddit!Del.icio.us!Google!Live!Facebook!StumbleUpon!Newsvine!Furl!Yahoo!

 
Related News
More Recent News
Earlier News
Muriu Beach, Natal

Europe: Top Headline

Property investment in the UK office sector sees regional successProperty investment in the UK office sector sees regional success

Commercial property in regional cities in the UK is experiencing higher yields and more stable occupancy rates than London and the South East of England, according to the latest analysis.

Recent European news

Feature story

Islamic finance poised for massive growth as London becomes key hub outside the Middle East

London is emerging as the key centre for Islamic finance outside of the Middle East as financial institutions clamber to become part of a growing market. Currently it is estimated that Islamic banking manages funds of $200 billion. It is predicted to increase by up to 15% a year and be worth a trillion dollars by 2010.

Company news

The Canaries are singing a new song

Once upon a time the Canary Islands were an exclusive holiday haunt for only a select few who actually knew where the Spanish archipelago was hidden in its tucked away corner of the North Atlantic Ocean.

Forum Watch

Forums debate the good prospects in German property market but finance is a big hurdle

With Germany emerging as one of the best longer term property investment prospects amid the credit crunch it has also become a major topic on the property forums this week.

Currency watch

Dollar ends on a positive footing

Lots of volatility on the exchange markets yesterday, with the dollar losing some of its recent initial strength but ending on a positive footing.

Newsletter

Subscribe to our weekly newsletter and stay updated on the property market trends.
Subscribe now >>

Subscribe to our Europe property and real estate news feed (RSS)
Reach your target market - Advertise with us