Apartments and flats for sale on Corfu

Apartments for sale in Corfu

The island, also known as Kerkyra, is located in the Ionian Sea and is one of the most popular vacation destinations in the country. In addition, the region is in demand for real estate for investors and people who want to move to Greece for permanent residence or to have a second home to live in during vacations. The warm climate, azure waters and sandy and pebble beaches influence the attractiveness of this area. Corfu has a well-developed infrastructure: Ioannis Kapodistria International Airport, Ionian University, sports centres and Orthodox churches. There are wineries, orchards, olive groves and a wide range of Greek restaurants.

Kerkyra offers a limited number of apartments. Their layouts include one or more bedrooms, a living room, a kitchen, balconies and bathrooms. Some units are equipped with spacious terraces. Buyers can also access double-storey maisonettes with private entrances from the street side.

Most of the housing is old stock. High ceilings, fireplace halls, columns and attics are common characteristics of these buildings. Apartments and flats in Corfu can be furnished and have appliances.

The cost of real estate varies depending on location and proximity to attractions, coast, and resort areas. At the same time, there are both affordable and luxury apartments in different neighbourhoods. Prices for flats for sale in Corfu in buildings that require significant repairs and renovations are lower than for houses in better condition.

Reasons for investing in an apartment in Corfu

The Republic is among Europe's most sought-after locations for real estate with accelerated growth rates. In the country's major cities, prices increased by 14.14% in Q2 2023. The large selection of apartments in Greece with different values influences the country's attractiveness among investors with different budgets and wishes. The popularity is also due to the developed infrastructure, high tourist potential and business opportunities.

Foreigners prefer this country, which is confirmed by statistics: in the first half of 2023, the share of purchases by foreign nationals amounted to over 80%. Net foreign direct investment reached EUR 1.1 billion, an increase of 39.9% compared to the same period of the previous year. Foreign investors’ interest in Greece is explained, among other things, by the residency visa program for the holder and his family members. Such a document allows long-term living in the country and entry into the territory of the Schengen zone states.

Apartments in Corfu for investment will be a profitable option for purchase and further renting. The island attracts tourists with its extraordinary nature, seashore and combination of architectural styles. At the same time, professionals, entrepreneurs, students, and retirees who have rented housing for a long time have moved to the country.

The rental price of local apartments is high, especially during the peak season, which lasts from May to October. Payback in Greece averages 4.82% per annum and depends on location, proximity to the coast and attractions. The condition of the apartment, building, area and additional amenities also influences the final cost.

After the end of 5-year residence, foreigners can resell housing to earn on the price difference. Properties on the island are gradually becoming more expensive for several important reasons: limited options, tourist activity and the possibility of renting out properties.

Buying an apartment in Corfu

Global Properties collects and updates offers provided directly by developers and reliable real estate agencies daily. The catalogue includes apartments and villas in Greece in the country's most prestigious locations and areas. Easy search with filters will help you sort options by price, number of bedrooms, area, location, amenities and proximity to the sea. So it’s easier for you to find the perfect apartment for sale in Corfu. Our currency converter will quickly convert the price into different currencies.