Holy Monastery of Rousanou, Kalambaka, Greece by Dennis Jarvis

Affordability

Because of the declining tourist market, there has been an increase in the sale of holiday homes in Greece due to dwindling interest and falling rental incomes, often at a loss. This has also had the effect that there has been an increase in interest for people looking to buy a holiday home. At the moment, there has been an influx of property sales in northern Greece from people from neighbouring Bulgaria. The city of Thessaloniki is a popular tourist destination for many Bulgarians, so people are snapping up the chance to purchase their own holiday home at a lower price. Us Brits are starting to take notice too; although many are employing a ‘wait and see’ tactic when it comes to Greek holiday homes, there has been a steady increase in interest.

Know your turf

If you’re thinking of taking advantage of the situation and you’re looking to buy your dream holiday home, make sure you do your research. If you can, talk to locals and ex-pats to get a feel for how the financial crisis is impacting the area. This will also put you in good stead when navigating the sea of red tape that comes with buying a second home in another country. It could be that what you see as a potential honey pot is actually going to cost you more in the long run.

Financing the dream

If you think you’re onto a winner, then you should look to protect yourself in the event that things take a turn for the worse. The current big worry is that Greece will secede from the EU and renounce the Euro as its currency, reverting back to drachma. If you borrow Euros in order to buy a Greek second home, then you will still owe Euros even if the country reverts to drachma. With fluctuating exchange rates, this could potentially put you out of pocket.

One of the most classical photos from Santorini: the boat at Firostefani by Klearchos Kapoutsis

With the current tourist market the way it is, it is likely that any holiday home you purchase will be left unoccupied for a while until things stabilise a little more. With that, it’s a good idea to look into holiday home insurance, which protects the house during periods of vacancy and can also help during times when your rental income is in jeopardy.

Depending on which area of Greece you’re looking at, going for a second home as a source of rental income isn’t going to be the best short term objective. If you’re willing to wait out the crisis, you can grab a potential bargain and enjoy a few weeks or months soaking up the Greek sunshine in your new Greek home.

Written by J. R. Gibbs,  armchair explorer and writer at large for holiday home insurance comparison site Confused.com

The post Finding a Holiday Home in Greece appeared first on Europe Explored.

Photo licensed under the Creative Commons, created by Anvisuals

However already in the 5th century there was a Christian church standing on this place. During the Ottoman Empire domination, monastery (with church) was dissolved and overgrown with weeds. Just at the end of the 19th century it was discovered by two Czech archaeologists – Škorpil brothers.

Monks cells were carved into the limestone rocks and connected by corridors which create a three-storey complex. There were also kitchens, dining rooms, prayer rooms, simply everything what monks needed for their life. They lived here in celibacy and create their own world, away from civilization, so they could devote prayer and spiritual development.

The entire monastery was completely self-sufficient. With the surrounding monasteries the monks communicated by ringing the bell. Today you can ring on it during your visit. It is interesting that during the archaeological research of graves in the vicinity of the monastery, were found around 5 kg of gold objects. These historic gems can be seen in the Museum of Natural History in Varna.

In the forest park below the monastery is a small museum, where you can further see the Roman mosaics, Orthodox icons, photos, and models and drawings of the original appearance of the monastery. About 500 metres from the monastery (still in paid section) are other caves named as the catacombs.

Aladzha Monastery can be reached from Golden Sands or St. Constantine, both on foot or by taxi. The Varna is probably best to go either by bus to Golden Sands and the intersection before the golden sands. From there it is on the road about a mile up the hill. Serpentine is an interesting twist around a ravine with a stream.

View Aladzha Monastery – a medieval cave monastery complex in Bulgaria in a larger map

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