Corfu is a Greek island in the Ionian Sea. It lies off the coast of Albania. The principal town of the island is also named Corfu, or Kerkyra in Greek. Corfu is the seventh largest Greek island and the second largest after Kefalonia of the Ionian islands. Corfu has a coastline of 217 sq. km. It is a beautiful island and has a lot of vegetation, amazing beaches, superb Venetian architecture, picturesque villages, lively nightlife and a great cosmopolitan way of life.
The island's history is full of battles and conquests, indicative of Corfu's turbulent position in a historical vortex that lasted until modern times, when after the unification with modern Greece in 1864 the history of the island became one with the mainland. Over the centuries Corfu had many European conquerors yet it was never ruled by the Turks. Corfu passed through Venetian, French, Russian and British hands and each nation left its imprint on the capital giving it the unique cosmopolitan atmosphere it has today.
Corfu’s terrain is varied. In the north Mount Pantocrator rising to 906 meters, in the center smaller hills rise to 576 meters., while in the south a series of hills, not more than 250 meters in height.
The island enjoys a Mediterranean climate with mild winters and refreshing warm summers. With relaxing rich countryside, glorious beaches and many other wonderful sights Corfu has become one of the most beautiful islands in the Mediterranean and one of the most often-visited places in Greece.
The economy of the island is mostly based on agriculture and tourism. Corfu is also the leading center for fine arts and is home to the Ionian Academy, the oldest university in Greece. Tourism on Corfu has become a primary industry, and the "Corfu" brand name is known the world over. There are a lot of celebrities that visit and that have actually purchase property on Corfu. The majority of visitors to Corfu are from the UK, Germany, Holland, Austria, and France. The island offers a wide-range of activities including water sports, sea fishing, cycling, trekking, cricket, and golf. Corfu is one of the few Greek islands to have a full 18-hole golf course.
Why invest in Corfu ?
- Property prices lower than other European countries.
- Safe, secure investment, with guaranteed appreciation on property value.
- Annual return on investment from seasonal rental.
- Financing available at fairly low interest rates.
- Off set mortgage payments with annual rental income.
- Low crime rate.