- By Christina Kousouni
A new model, which attempts to change the data in the real estate market, comes from Corfu. Roula Rouva – Forbes Global Properties presents a mechanism that directly connects properties for sale with pre-approved bank financing, creating a fast track process for those looking for a home.
The initiative concerns 36 maisonettes in Kobitsi, just minutes from Corfu Town, which are in the renovation stage. Prices start at 1,600 euros per square meter, with the advantage that the properties have already passed the bank assessment. This means that the buyer does not start from scratch with the mortgage approval process, but proceeds much faster to the final purchase.
The program is designed for young people and couples aged 18 to 50 who want to acquire their first home. It offers a favorable interest rate, 25% lower for the first few years, and a high financing rate, which significantly reduces the need for a down payment.
Speaking to Tornos News, Roula Rouva (photo) explains: “Our goal is to provide realistic solutions for acquiring a home, reducing bureaucracy and delays. As a company, we always try to find new ways that will make it easier for buyers and provide real solutions for owners, and this product is a typical example.”
The choice of Corfu for the pilot implementation of the model is not accidental. The island has become one of the most popular destinations for foreign investors, who are looking for either permanent residence or holiday properties with the prospect of yield through short-term rentals. This interest, which in recent years has been strengthened by the development of tourism and air connectivity with Europe, makes Corfu a living example of new practices in the real estate market.
The idea of ??linking available properties with ready-made banking products can act as a solution to bureaucracy but also as a “harbinger” of new practices that will be tested in the future and will overall strengthen investments in the Greek islands. Already, banks and developers are considering corresponding moves in order to keep the interest of buyers alive.
In this way, Corfu becomes the testing ground for a different approach to the real estate market, which if successful, can breathe new life into both the way in which Greeks acquire a home and the investment prospects in the Greek region.
