The ‘Feel Good’ film Mamma Mia, featuring songs by ABBA, which was a box office phenomenon, raking in more than £410 million worldwide has created a ‘Feel Good’ factor for property investment in Greece where the movie was shot.

According to The Move Channel, the number of potential buyers viewing property in Greece has jumped by 120 per cent following the release of the film which starred a raft of Hollywood A-listers on the beautiful but relatively undiscovered Greek island of Skopelos.

The cast, including Meryl Streep and Pierce Brosnan, spent four weeks filming on the sleepy island which has no airport and can only be reached by ferry.

Whilst just 9,812 people were viewing property in Greece online in March last year, this number skyrocketed to a whopping 24,852 in March of this year.

Lee Bramzell, Chief Executive of PropertyIndex.com, said: “British buyers are clearly captivated by Mamma Mia’s idyllic portrayal of life in the Greek islands and are intent on finding their own island hideaway.

“Greece offers a fantastic climate with mild winters and 3,000 hours of sunshine a year, resulting in a long rental season from April to October.

“The cost of living is low and property prices are affordable with two-bed properties costing in the region of £165,529.

Bramwell added that Fly to Let investors were looking not only looking for value for money but also the opportunity to recoup some of the costs through renting the property out for all or part of the year.

“Greece is a top performing destination,” said Bramzell.

Budget airline Easyjet has also recently reported a 13 percent increase in sales of flights to Athens since the film was release last summer.

Paul Simmons, UK General Manager for Easyjet said: “Despite the strength of the euro against the pound, the relatively low cost of living in Greece is making it affordable even in a recession.”

• New high-speed rail routes in Florida are to get federal funding, reports rightmoveoverseas.co.uk.

US president Barack Obama has revealed plans that will see a number of high-speed routes across the US get central funding. The plans involve a link between the cities of Miami and Orlando, plus a route from Orlando to Tampa Bay.

These improvements could have a positive impact on properties in the locations as they would provide those holidaying in them easier access to other parts of Florida.

President Obama said: “Imagine whisking through towns at speeds over 100 miles per hour after only having to walk a few steps to public transportation.”

Those looking to buy Florida property ahead of such an expansion may be able to pick up more foreclosed bargains as the US President has also warned that there will be more repossessions to come as a result of the ongoing recession.

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