The political and economic climate increased as Greece got rid of the crisis. Country property market attracts foreign buyers. The investment in the country is expected to reach 165 trillion dollars by 2023 in the logistics market.

What are the benefits of real estate investment in Greece?

Real Estate Broker Tranio published a report in this week. According to report the country’s gold visa program has the cheapest plan on the EU market, which provides housing rights for purchases of over 250,000 euros and enters the EU. In Tranio’s report, the number of foreign tourists entering the country this year will exceed 32 million.

Greece growing with positive reforms but the cost of buying property in country is lower than in other EU countries. However, Athens emerged as one of the most attractive property markets in Europe, rising to the 14th spot – the best since 2015 – on a city ranking generated through the opinions of sector professionals, according to an annual survey released by PricewaterHouseCoopers (PwC) on behalf of the Urban Land Institute.

In 2016, private investment in the Greek real estate, which reached a high record in 2016 with the total value of foreign investors transactions reaching 328 million euros, doubled in 2017, and according to the Central Bank of Greece, the FDI flow in 2017 was 3.6 billion euros.

Founder and managing partner of Tranio, George Kachmazov said ‘The current low real estate prices and high demand contribute to higher returns for investors. Thus, the net yield on the short-term rent of a renovated city centre apartment in Athens is 5–7 percent per annum vs 3 percent in most European capitals. Moreover, there is potential for real estate prices to grow by 20-30 percent over the next two or three years.’

Source: GTP Headlines

Melike Vodina /