Population10.62 million persons
PopulationGrowth0.210 percent
Land Area130,800 sq km
Currency & exchange rate1 Euro = 100 cents

(~ 0.644 GBP)

GDP-PPPMethod151,392.0 millions of US dollars
GDP Growth3.88 percent
GDP Per Head14,250.0 Thousands of US Dollars Per Person
FinancialInterest RateInflation Rate
National BankBank of Greece
PoliticalGreece is a unicameral parliamentary democracy. Executive power rests with the 300-member parliament that is elected for a maximum 4-year term by adult suffrage.

The current Prime Minister, Costas Karamanlis, and his Centre-right New Democracy party won office on 7 March 2004 for the first time since 1993.  The President, Nea Dimokratia was elected on the 7th of March 2004 and is elected for a 5-year term but has no executive powers.

Greece joined NATO in 1952 and the EC (now the EU) in 1981.

Social SecurityYes
LanguagesGreek; some speakers of English, French, Turkish, Macedonian, Romanian, Romani, Bulgarian and Albanian
CustomariesThe Greeks have a very strong sense of cultural and historical heritage, and a sense of unity prevails. The Greek Orthodox church has a strong part to play on the Greek way of life, especially in the countryside.

Greek bureaucracy is very slow. Persistence and attendance in person at the office or ministry concerned is almost the only way of getting things done. Identification documents and various authorisation letters or seals are necessary.

Smoking is prohibited on public transport and in public buildings. Taking photographs of military installations is an offence and can be dealt with harshly.

Ethnic Make-up
TaxIncome TaxCapital Gains Tax

Taxable income (€)Tax on lower amountRate on excess
Exceeding (€)Not exceeding (€)(€)%

Non-residents are taxed on their income at the same rate as residents.


Capital gains derived by individuals are generally not taxed.

Description Traditionally an agricultural producer, accession to the EU stimulated growth in other areas, particularly tourism, shipping, food processing, mining, chemicals, textiles and metal products. Despite this mixed Greek economy with such heavy dependence on tourism and shipping, approximately 20% of the labour force still works in agriculture and farming.

Tourism is the most important service industry with roughly 10 million visitors per year. Much work on improving the infrastructure and transport network has been undertaken prior to the Olympic Games in Greece during summer 2004. It is hoped that such improvements will further improve the tourism in Greece.

It’s major trading partners are the mainly the European countries, namely Germany, Italy, France and the UK. It adopted the Euro on January 1 2002. Outside the EU its major trading partners are Saudi Arabia, Japan and the USA.













Investor Profile:Cash & Equity Investor

Pension Investor

Holiday Investor

Retirement Investor

Downshifter Investor

Business Investor



18,000< 100
Climate:Hours of Sunshine Per Day in SummerDays of Rain Per YearJanuaryJulyAverage

Water Temp.

Proximity to:AirportBeachNearest City
Olympic Airways links Athens with Naxos and the airport is near Ayios ProkopiosAyia Anna & PlakaParos Island
Restaurants and bars:The main party scene is in the centre Chora, where there are discoteques, bars, piano bars and nightclubs with Greek popular music.

There are eating- places of all kinds: the typically Greek restaurants ("estiatoria'), serving mostly made-up dishes, tavernas which specialise in grilled meats, souvlaki shops, and seaside restaurants that serve fresh fish daily. One should try the local specialities, such as wild rabbit or partridge.

Sports and leisure facilities:Snorkelling, water sports, jet skiing, windsurfing, boating, diving, trekking
Transport:Public TransportRoads
The island can be reached by air from Athens and by ferry from Piraeus and Rafina. Some ferry services Some services go directly to the island and others make previous stops at Paros, Ios, Santorini and Tinos.

Naxos has a good bus system that lets you easily get to the beaches and villages

Cars, bicycles and motorbikes can be hired.
Crime rate:Low
Main types of employmentTourism and services.
Future plans:To maintain the natural beauty of the island whilst improving upon its tourism industry.
Yield range11 – 16%
Type of propertyEntry PriceRent-



Off Peak

Average Annual Yield
2 bed apartment£55,000£800£70016%
3 bed apartment£64,000£900£80016%
3 bed townhouse£93,000£1050£80011.6%

Demand for letting

PeakOff peak
Very HighHigh
Finance and leisure scores:Total (out of 10)Financial (out of 5)Leisure (out of 5)
Flights scheduled from:London Gatwick, London Luton, Manchester and other major and regional airports (Remember that a connecting flight may be required to Naxos)
Typical cost of flights:PeakOff Peak
120 – 200 GBP80 – 160 GBP
Operators:Easyjet, Malev, Air France, Greek Airways, British Airways, Lufthansa, Czech Airways, Alitalia
Description:Being the largest island in the Cyclades, Naxos has a commodity many of its more illustrious neighbours lack - space. Mountains, lush valleys of citrus and olive groves, pastel-coloured coastal plains and wide stretches of empty, golden sand all but envelop the tiny, quaint villages that lie dotted amongst this rich panoply.

You get a great yield and no capital gains tax to pay when you sell.  How much capital gain you’ll get over time is unsure.  This is why I have only given it a silver rating.   Even though the area is very pretty and would make a great holiday home demand for owning property on the island is low.  This however is not bourne out by the going property prices, with the entry level greater than £55,000, but there are few properties for sale which keep property prices propped up.  Stick to popular areas.  Forget any areas more than 250m from the beach.

Hot Website:
Estate Agents:NameAddressTelWeb
Neon Naxos RealtyPlatia Protodikiou Naxos, Cyclades 84300, Greece(011)


Veronis Real EstateNaxos Island
Cyclades, Greece
+30 22850

Konstantinos KapirisTakis KontopoulosChora Naxos, Naxos 84300, Greece+30-(2)

Greek-estate Ltd75 Galinou  str  187.58, Attica, Greece+30 210 4323198
Letting Agents: NameAddress TelWeb
Neon Naxos RealtyPlatia Protodikiou Naxos, Cyclades 84300, Greece(011)

Veronis Real EstateNaxos Island
Cyclades, Greece
+30 22850