The Unfortunate Tale of Mumbles
Whilst investing in Greece has its risks it’s also pretty straightforward provided you follow some basic rules and employ some common sense.
That brings us to today’s case study.
An investor from the UK that we’ve known for some time came over to Athens to shadow us for a while and start buying in Greece. We’ll call him Mumbles.
This was a guy with a long history of investing in property in the UK but perhaps not that worldly wise when it came to other cultures. He expected everything to be exactly the same process as it was back home.
On paper, it is.
Creative contracts are pretty much the same wherever you are in the world.
But the nuance, the local info, the things that are totally market specific, if you don’t get a handle on those you will come unstuck. This is what happened to Mumbles.