Distressed and Foreclosed Properties in Corfu, Greece

Looking for distressed or foreclosed properties can be a smart investment strategy, especially if you're interested in flipping, wholesaling, or buying below market value.

Corfu, is world famous island in northwestern Greece, situated in the Ionian Sea, and just off the coastline of mainland Greece, plus relatively close to Albania and Italy coastlines. The location makes Corfu a top choice for property investment or personal ownership, for those buyers looking for easy access to travel around between these locations.

Due to the location Corfu, the island is influenced by a mixture of Venetian, Greek, French, and British architecture, adding to the familiarity of many overseas buyers purchasing luxury real estate in Corfu.

There are many places to find distressed or foreclosed properties in Corfu, Greece, for example you can ask a real estate agent to filter for foreclosures or bank-owned (REO) properties.

Investors can also refer to the local County Courthouse or Public Records and search for public notices of default, tax liens, and foreclosure sales.

Working with Property Agents or Realtors who specialize in distressed properties, foreclosures and short sales can be useful as well as keeping an eye out for expired listings or properties sitting too long on the market.

If you are in the area you are focussed on, you can drive around neighborhoods looking for vacant properties, and you may find cheap distressed Corfu, Greece property for sale with broken windows, or online you may find contacts for attorneys, property managers, and bankruptcy lawyers who may know of distressed or foreclosed real estate in the area.

If looking at Greece as an overseas or foreign investor or buyer into Greek real estate, those who typically invest or purchase at €250,000 to €800,000, which varies according to the area chosen, can obtain Greek residency through the Golden Visa Program, making Greece an attractive gateway to the EU.

Greece offers both stability and opportunity to buyers and investors, as tourism to Greece brings in over 30 million visitors across the mainland and the Greek Isles.

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