The Hollywood Stars Who Own a Home in Greece

Hollywood Start in Samos
Sean Connery, Rowan Atkinson and Tom Hanks in Greece

The debt crisis in Greece has not scared Hollywood stars away from purchasing property in the Mediterranean country. Within the past two years, the number of celebrities choosing not merely to visit Greece but also to invest in real estate and create their own luxury heavens here has been on the rise. The long line of Hollywood stars known to have purchased land in one of the countless beautiful islands of Greece only grows longer by the rumors of other celebrities-enthusiasts who are either willing to buy a house or better said a castle in Greece or have already bought their parcel of land but simply prefer to live incognito.

Famous actor Tom Hanks and his wife Rita Wilson (of Greek origin) have kind of set the mood some years ago by buying a six-acre summer house in the small island of Antiparos, which they visit almost every year.

Julia Roberts, as well as Richard Gere, chose the serene island of Patmos inspired by their Buddhist beliefs and need for meditation. No other place in Greece could serve religion and tranquility like the Greek island of the Apocalypse of the Apostle John.

Legendary James Bond figure Sean Connery is said to have his own Greek home at Portocheli (near the islands of Hydra and Spetses), while prominent Serbian film director Emir Kusturica bought a house at Sifnos island expressing once again his love for the country.

Pop Queen Madonna and Nicole Kidman are also said to be looking for their new homes in Greece, on the Ionian island of Kefallonia and on the Saronic island of Spetses respectively. Bruce Willis is rumored to have bought his own land on the island of Corfu, northwestern Greece, while “Mr Bean” Rowan Atkinson series  owns a house on the island of Andros for several years now.

Anthony Quinn and Elizabeth Taylor used to have their personal property in Greece too.

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Greek Property Seen Heading A Recovery

Halcyon Hills panorama
Halcyon Hills panorama

The Greek property sector will be the first to recover when the economy rebounds, a bank study argues.

According to the report “The Greek property market in the years of crisis,” in the latest edition of Eurobank’s Economy & Markets, the prospects of this sector of the economy are fully tied to the lifting of uncertainty, the return of a stable macroeconomic environment and the lowering of property taxation to more reasonable levels.

The most serious factor adversely affecting the property market currently is that the disposable income of Greek households in the foreseeable future will be lower than before the onset of the crisis.

According to the study, the citizens’ incomes and standard of living depend on the economy’s potential of exiting the crisis.

“The staking of growth on the economic adjustment program is crucial,” it says.