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This New York Times article depicts the positive impact that investment in local golf courses is having on local area estate.

Demands are changing and prices are rising. This in turn leads to a better quality of build and more elegant architecture, therefore, improving the level of life and the economy for local people.

 

NEW YORK TIMES, 9th  of March 2019, REAL ESTATE

“The developer of that property, Iliopoulos Real Estate and Constructions, is a small family business run by two brothers, Minas and Vasilis Iliopoulos. Until recently, their business usually involved building or renovating modest homes on plots owned by others here in the Messenia region.

But with the Lemon Project, they have become developers, buying the land themselves and building a luxury home that they will put on the market for about 800,000 euros, or about $900,000.

Part of the reason they can do this can be found in a very different construction site only a short distance away.”

 

For the whole article please follow the link https://www.nytimes.com/2019/03/09/realestate/luxury/creating-a-golf-destination-in-the-hills-of-greece.html

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