Greek islands grow in desirability

Improved communications and transport networks on the Greek Islands have led to growth in Greece property investment. Regeneration investment carried out in preparation for the 2004 Olympics, coupled with a growing economy, and increasing tourism figures, have further strengthened the Greece property market. Obelisk International says latest figures show that year-on-year price growth has been seven percent up to quarter 1 of 2007, with prices for apartments in Athens registering a 12 percent rise in the first quarter of 2006. During the period 1999 to 2002, Athens saw house prices increase on average by 164 percent.