REAL ESTATE MARKET in GREECE Despite increases in asking prices , investment returns from owning property in Greece continue to be excellent. Given that an investment in property is normally treated as a zero-risk investment , it is not uncommon to see a return of five to seven per cent annually , which is pretty good value compared with 10-year government bonds with a return of 4% , or 2.5% interest rates. Over the past few years , there have been noticeable changes emerging from mainstream tourism : The cost of a standard package holiday once or twice a year for a family of four, for example ,is at least equal to the repayment of a low interest loan which would allow them to buy a permanent holiday home at a place of their choosing. There are large areas of Greece which are completely unspoilt , places where one can simply get away from it all and enjoy clean air , good food and very high-quality sea and sand. When compared to other Mediterranean Countries , Greece offers holiday homes at considerably lower prices . Over the coming years , the market tends predict that the value of a second home in Greece will increase significantly by comparison with other Mediterranean Countries. The Greek tax system is more favourable as there is no capital gains tax to pay . In Spain , for example , this tax is set to 35% and in France it is levied at 25%. Read More ...