Greece Ranks Third Among 10 Cheapest Countries to Buy a Holiday Home

Wednesday, April 19th, 2017
Last Update: 12:20

Research conducted by currency card specialist FairFX recently revealed that Greece is among the top destinations for Britons to buy a holiday home.

The data presented by FairFX shows that Greece ranks third on the list of the top 10 best value destinations to buy a holiday home, with the average house value at £118,921.

Ranking in first place was Bulgaria at £90,734 and Turkey in second at £104,225.

“Our research allows potential second home buyers to weigh up which country is the best value — looking at the average cost of an apartment, as well as the essential elements you need once you are there…To get the best value, it is important to take all living costs into account as well as how much a property will cost initially,” Ian Strafford-Taylor, FairFX chief executive said, according to thisismoney.co.uk.

The cost of property was not the only factor that went into ranking the countries on the list, Strafford-Taylor added, adding, “It’s also vital that you research the region you are buying in…Keeping abreast of the political and economic situation in that destination will help you decide if the property is a good long-term investment.”

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