Greece becoming 'popular' retirement destination
24 August 2009
Greece is proving popular with retiring Brits who are looking to transfer money to overseas properties, according to an industry expert.
The Greek National Tourism Organisation (GNTO) recently stated that the country was seeing an increasing number of UK emigrants settling in the region.
Sofia Panayiotaki, director of the GNTO's UK and Ireland office, explained that the warm climate and affordability of Greece are drawing Brits who wish to make international payments to mortgages.
In addition, the organisation recently launched a promotion that highlights the low cost of living offered by the country, despite the strengthening euro.
Ms Panayiotaki said: "There is a trend of people buying houses in Greece and they buy property for their retirement too. Britons do decide to come to retire in Greece.
"Greece is not an expensive country and this message seems to have worked."
In other news, First Choice and Thomson recently revealed they have added destinations to their mid-haul holiday options to meet demand from Brits.
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