Financial Times FT.com

Property: Second-home market needs a new lease of life

By Dimitris Kontogiannis

Published: June 4 2009 13:29 | Last updated: June 4 2009 13:29

Greece has long been a leading tourist destination in the Mediterranean but has so far failed to use its status to boost its second-home market, unlike Spain and other south European countries.

Greece has an estimated 9 per cent share of Mediterranean tourism. But it sells just a few thousand properties a year to non-residents, mostly from west Europe.

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