If you're looking for a land blessed by the gods, rumor has it Elounda is the place. With an incredible Mediterranean landscape in conjunction with rich historic and cultural significance, Elounda is a destination for many tourists, travelers and expats. Don't these 3 uncompeatable lands for sale http://milatos.com/land-sale-elounda . Whether you're moving to Crete to enjoy life in Elounda , Aghios Nikolaos or Heraklion or anywhere in between, you've probably considered buying property on the island nation. Property ownership in Greece is incredibly common-- some 80% of residents own their homes thanks to a strong culture of family and inherited property. Despite the large number of "taken" homes, however, there's still plenty of opportunity to snap up a little piece of paradise as your own. If you're ready to take the plunge on Hellenic property, this guide will walk you through everything you need to know about buying a home or land in Greece. What's the property market like in Greece? It's no secret that the Greek economy is in a bad state-- after a major crash in 2009, the nation has struggled to regain footing. That being said, the economy is slowly growing; predictions show a 2.7% increase for 2017 and another 3.1% in 2018. The housing market, however, is showing a significantly slower recovery. Property prices have dropped by nearly half since the market's peak in 2008, though the ongoing downward trend seems to be slowing. According to the Bank of Greece, the reported .46% drop in prices was actually a .03% increase when adjusted for inflation. The number of real estate transactions, however, remains abysmal, maintaining a 72% decrease since 2008.