Expatriates on Greek Islands 'bearing up well'
05/06/09 18:49
Expatriates who chose to move to the Greek islands appear to be weathering the financial storm better than those in other locations, a local property magazine has said.
According to Quest Greek Islands, expatriates are finding it more difficult to pay for their regular expenses but few have been panicked into selling as it appears some people in Spain have.
"There are some Britons thinking of going back but we're not," says Pat Walker who lives on Corfu. "We love it here and still reckon we are much better off even though it is hard to make ends meet at the moment".
Many expatriates have been harshly affected by the changing interest rates, but still vowed to stay on and wait for a recovery.
"It's tough," Mr and Mrs Bates from Islington told the publication. The pair admitted "any ideas of luxury items like a holiday are being put on hold. But it will change and the pound will improve, we just have to wait it out".
Expatriates may still be able to claim the same allowances they previously did, but should make efforts to check how they will be covered by private insurance companies.
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