Greece is ready to redevelop the former royal estate at Tatoi near Athens into a mixed-use culture and tourism hub.
The popularity of co-living is increasing in Greece, with 57% considering it, drawn by cost-effective shared amenities (26.7%) and reduced isolation (22.7%).
In the majority of cases, foreign investors buy property in Greece not only to obtain the Golden Visa but also because it is profitable, often leasing it for short periods.
In the report, the IMF is also raising some concerns about the Greek banking system, urging Greek authorities to take measures
According to a recent survey, Israelis are the top buyers, followed by Chinese nationals and Germans
As the analysis notes, in 2022, a 68% surge was reported, with property investments reaching 2 billion euros, with the 9-month-term 2023 data marking a 29% uptick compared to the corresponding period of the previous year.
Southern and Southeastern European countries dominate the top positions in the ranking, with Croatia in second place (+13.7%), Greece in third, and North Macedonia (+11.0%) in fifth. The only outlier in this ranking is Colombia, standing fourth in the global index
One firm estimates that the Greek market is seventh, worldwide, in terms of popularity for purchasing luxury residences, having recently surpassed Portugal and Spain, which are in ninth and 14th place, respectively
Compliance with the specified conditions will be demonstrated by any appropriate means, and all relevant documentary evidence will be compulsorily entered into the 'e-Permits' information system upon application for pre-approval or certification of building conditions by the application administrator.
According to the provisional report on the Monetary Policy by the Bank of Greece (BoG), expectations for the near future remain cautiously positive, influenced by key factors such as international developments, high inflation, increased interest rate
The CBRE report assessing the potential deficit from 2024 to 2027 highlights how property values have shrunk, exacerbating the challenge of refinancing
Policy changes and geopolitical shifts attract global investors in Greek real estate
Figure Above One Billion Euros in H1 2023
Greece has established itself as one of the most attractive countries for foreign real estate purchases. Indeed, foreign investment has seen a 40% year-on-year increase, surpassing 1 billion euros in the first half of 2023 alone. This trend is most likely due to lower property prices compared to other countries, coupled with a high demand […]