Shrewd property investors are currently eyeing up the Greek property market in anticipation of the troubled nation opting to leave the euro. Estate agents have estimated that property prices could fall by as much as another 20 per cent before the election, which is scheduled for the June 17.

Carol Dunning of the Greece Buying Guide commented: “With all of the problems faced by Greece, it has been no surprise that the property market has taken a hit. Prices have already fallen by 20 per cent and rumour has it that if we see “Grexit” it could fall by the same amount again”.

Greece was forced to schedule a second election after the first left the parliament divided between parties that support and oppose austerity measures that come attached to the €130million rescue package agreed with lenders in March.

The outcome of the upcoming election, which will determine whether or not Greece remains in the euro, is proving too close to call. Opinion polls suggest that those for and against the bailout are more or less equal, making it impossible to predict a possible outcome.

Diana Giannoulis from Corfu Property Finders told us: “Despite the crisis, enquiries haven’t diminished; in fact they have increased quite substantially. We have been particularly inundated with enquiries from potential buyers on the hunt for real bargains. Such is the demand; we have been forced to set up a separate website to cater to those on the hunt for a really great deal. There are lots bargains out there just waiting to be found”.

Search for properties in Greece, on Rightmove Overseas. If you’re planning to buy in or move to Greece and need to transfer a large sum of money there, remember to use a currency specialist to exchange your pounds into euros. For more information, visit the Currency Zone or Smart Currency Exchange.

To understand the full step-by-step process to buying a property in Greece, collect The Overseas Guides Company’s ‘Greece Property Buying Guide’