This was the original question. Greece could be forced out of the Eurozone, but would remain a member of the EU, just like other countries such as the UK which preferred to keep their own currency.I guys
Just wondering if anyone has any worries and views about the coming decisions to be made in greece. If the Greeks pull out of the EU how will this affect us Brits that own houses in greece etc ???
I look forward to hearing from anyone
The answer is certainly dependent on if you have a mortgage on the property in Greece or not.A question for the Grocer !!
What's your views / worries on the crisis for people with houses in greece
( a friend suggested that you may be the one to ask )
Thanks and sorry to lay this on to you
Best wishes samrvy
Thanks Grocer. Yes this puts my mind at ease a little. Enjoy your mainland visit.The Grocer said:The answer is certainly dependent on if you have a mortgage on the property in Greece or not.
If Greece were to revert to the Drachma and you have a mortgage in Euro's, it clearly is bad news if your income was earned in Greece; however if the mortgage was with a Greek Bank and they converted the outstanding amount to Drachma, then of course provided your income is in GBP from the UK things might not be too bad, as I suspect the pound / drachma exchange rate will be extremely favourable for us Brits.
However property prices have fallen and the market is totally flat. Now is definitely not the time to sell. On a brighter note if Greece does leave the Euro then with a competitive exchange rate tourism will blossom and holiday property rentals will increase (you could rent out).
The house tax system is again in disarray with yet another change to property tax due. The average for last year was around 4 euros per sq.m paid through your electric bill. It was to be continued, but this is a little up in the air at present as there is talk on a direct property tax paid separately.
The main concern is of the Government that comes into power. A leftist government might be OK, but any communistic government is likely to put Europeans off visiting Greece.
I am not sure where your property is but do not believe all you see on the UK News. Yes Athens might be worth avoiding, but certainly down here on the Peloponnese things are as quiet as normal, yes people are not so well off, and villagers have taken up that bit more growing their own veg, but its not all bad.
I am unsure if this addresses your question. However as I am off to mainland Europe for the next 3 months tomorrow my access to internet will be a bit more restrictive so forgive me if I do not respond so quickly......