+31 (0)6-83773220
+30 6977175045
+31 (0)6-83773220
+30 6977175045
When you think of Corfu, you probably think of sun, sand and a vibrant nightlife. But if you are considering investing in real estate, you should think about life on the island. In this article, we give 6 reasons to invest in real estate in Corfu.
Corfu’s location, climate, culture and traditions make it an excellent choice if you are looking to buy property as an investment for rental or permanent residence. It is located in the Ionian Sea, right next to mainland Greece, Albania and Italy, so it is easily accessible by air and sea. Corfu is only a three-hour flight from the Netherlands.
Corfu’s climate is attractive, with mild winters that maintain the island’s lush emerald green appearance. Summers are usually warm, but there is a gentle breeze that makes the hottest hours bearable. Due to the size of the island, you are never far from the sea. Even the most remote villages are only an hour’s drive from the airport or Corfu Town. In addition, the island has a good road infrastructure.
The people of Corfu are known for their welcoming and friendly attitude towards foreigners, so you will find investors from all over the island. Corfu does not have areas where expats live together. Instead, people are often integrated into the local community.
Corfu also has a lot of culture and history to offer. Due to its location, the island has architectural and artistic influences from the British, Venetians and French, which can be found all over the island, but especially in Corfu Town. The Liston area is a favorite for both tourists and locals. In addition, the island hosts many cultural events, such as music performances, theater and exhibitions. The cost of living on the island also compares favorably to other European locations, especially when it comes to eating out and shopping.
If you are looking for luxury, head to the north-east coast of Corfu. Areas such as Agni, Barbati, Kalami and San Stefano are popular with international investors. However, the lower property prices in Corfu are making other parts of the island attractive investment locations. They offer beautiful scenery and the potential for lucrative rental income and property appreciation.
If your budget is tighter, there are plenty of traditional family homes on the market across the island. Village houses are full of character, have lots of charm and are usually the cheapest option. But what you gain in character, you may have to sacrifice in space – village houses can be a lot smaller with minimal outside space and limited parking. Depending on size, a three-bedroom village house starts from around €100,000.
Detached houses are usually the most attractive to families looking to start a new chapter in their lives, as well as to foreign investors. They are modern properties with garden space and sometimes a swimming pool (or space for one). Because they are newer, they are much easier to maintain and require little or no renovation.
Having a pool increases the appeal for investors looking to buy properties to capitalise on the lucrative summer season. A modern three-bedroom villa with a garden and no pool starts at around €200,000. Without a pool, rental yields range from 6.6% to 10.1%. If you are looking for the added luxury and appeal of a pool and outdoor entertainment area, prices start at around €250,000.
Moving abroad is exciting, but it can also be overwhelming. We are happy to help you find the house you want in Corfu. Please contact us if you have any questions.