I visited Plakias last month, the first time for many years and I was amazed to see the rows of advertising boards with artists impressions of all these proposed new apartments. In the current climate though that is all they are ever likely to be, artists impressions.
While I was at Plakias I got talking to a Greek business man who gave me the following advice. "On Crete we build a house for 80,000 euros and sell it to an Englishman for 300,000 euros". "This is fine until the Englishman wishes to sell because he has to find another English buyer as any Greek will know he could get one built for 80,000 euros"