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The second version of a publication by PYTHEAS Investors Service with the collaboration of Ktimatoemporiki Crete of a market overview on the real estate industry of Crete, with title, “Buying real property in the Greek island of Crete”.

Due to the recent global financial crisis and the subsequent financial crisis in Greece the real estate market contracted. Greece is attracting a number of corporate and individual investors from around the globe recognizing the opportunity created. The commitment of the Greek government to encourage foreign direct investments and the higher potential growth in terms of returns on investment of property in Greece in the medium run compared to other countries in Europe makes Crete one of the most interesting real estate target markets in the country.

Additionally, the hard hit by the recession private individuals seek for affordable living, unspoiled environment, maximum of sunshine, satisfactory infrastructure, a cosmopolitan location but at the same time with character and tradition. And Crete undoubtedly falls within these parameters…

Proof of PYTHEAS’ world renowned market research capabilities, you will find this report thorough and complete, whether you are a permanent or seasonal home seeker, an individual or a corporate investor. While addressing all issues that an investor/individual should be aware of, this overview touches also topics such as Crete’s physiognomy, history, culture and demography.

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Did you know?

that Confucius about 2,500 years ago argued that the government should not compete for profit with the people, as it would only result to the exploitation of the population?

that Pytheas through its Soil Water + Life Solutions is probably the only entity world wide that can provide a-no-chimney-no-landfill-solution for the treatment of municipal solid and liquid waste?

that in a lifetime the average European or North American will discard more than 600 times his or her adult weight in garbage and about a ton of trash per person per year?

that the revenue that is generated from gambling is more than the revenue derived from movies, cruse ships, recorded music, theme parks and spectator sports combined?

that Pytheas has presence in 41 countries?

that Pytheas the ancient Greek explorer, mathematician, astronomer and navigator must have travelled to the American continent at the time of Alexander the Great?

that recycling 1 ton of paper saves 17 mature trees, 7,000 gallons of water, 3 cubic yards of landfill space, 2 barrels of oil, and 4000 kilowatt hours of electricity; this is enough energy to power the average North American home for 5 months?

that of all the restaurants that are opened, 90% of them fail in the first year and of the remaining ones that survive, 90% of those fail in the second year?

that recycling steel saves 75% of the energy that would be used to create steel from raw materials, enough to power 18 million homes?

that the Boeotian Hesiod about 3000 years ago theorized on the entrepreneurship typical of the market (an early laissez-faire), identifying the effects of government debasement of the coinage, which causes a decrease in its purchasing power (think Adam Smith, Keynes and post Keynes), arguing about the importance of competition and the importance of justice and the law in order to foster order and harmony in society?

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