Should I buy or rent a home in Zakynthos?

"The decision to buy or rent a home in Zakynthos, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Zakynthos for a long period or frequently visit, buying a home could be a good investment. Owning a property allows you to have a permanent base, gives you the freedom to make changes to the property, and could potentially provide a source of income if you decide to rent it out when you're not using it. On the other hand, renting a home in Zakynthos might be a better option if you're not planning to stay for a long time or if you're unsure about your future plans. Renting offers more flexibility as you can easily move without the hassle of selling a property. It also allows you to avoid the responsibilities and costs that come with property ownership, such as maintenance and property taxes. It's also important to consider the local real estate market conditions in Zakynthos. If property prices are high and predicted to fall, or if it's a buyer's market, it might be better to rent for now and buy later. Conversely, if property prices are low and predicted to rise, or if it's a seller's market, it might be a good time to buy. Lastly, consider your financial situation. Buying a home requires a significant upfront cost and ongoing expenses, while renting typically involves lower initial costs. Make sure to do a thorough financial analysis and consider seeking advice from a financial advisor or real estate professional before making a decision," explained one expat living in Zakynthos, Greece.

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Expats interested in International Health Insurance should take a minute to get a quote from our trusted expat health insurance partner, CIGNA.
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