What are the benefits of investing in Greek real estate?

June 9, 2021
What are the benefits of investing in Greek real estate?
Buying an apartment or house in Greece is not only an opportunity to acquire housing in one of the world's best resorts.

Buying an apartment or house in Greece is not only an opportunity to acquire housing in one of the world's best resorts. There are other benefits to this acquisition. For example, when buying an expensive home or commercial property in this country you can get a residence permit, which will help you become the owner of a Greek passport in the future. To take advantage of this opportunity, you should familiarize yourself with the special governmental program.

What additional benefits are worth knowing about?

Despite the crisis that most European countries faced during the pandemic, today we notice a complete stabilization of the economic situation in Greece, which is one of the guarantees of investment security. The real estate market is showing growth here - the popularity of housing and apartments for rent in the mainland and island resorts of the country is growing rapidly.

Other benefits available to investors include:

  • generally affordable real estate prices - average prices here are lower than in most European countries;
  • stable growth in value - buying an object now, in 10 years it will be possible to sell it at 30-40% markup, having received a good profit;
  • favorable conditions for renting housing and commercial objects - in the capital of Greece it will be possible to get about 4% of the annual income from renting an apartment and 9% from renting a hotel.

Another advantage is the large number of offers in many cities. Potential investors can choose budget properties far from the coastal zone and large cities, or give preference to expensive, comfortable options. Foreign investors have another advantage - the ability to choose a suitable property remotely. To do this, many real estate agencies offer virtual tours that allow you to fully get acquainted with a particular apartment, house, etc.

Greece. Popular properties

€ 350,000
4
2
120
Maisonette 120 m², Kassandra, Chalkidiki
Kassandra, Greece
€ 92,000
2
1
69
Apartment 69 m², Kassandra, Chalkidiki
Moudania, Greece
€ 300,000
4
2
210
Detached house 210 m², Thessaloniki Suburbs
Panorama, Greece
€ 1,500,000
700
Hotel 700 m², Kassandra, Chalkidiki
Pallini, Greece
€ 42,000
1
32
Studio 32 m², Thessaloniki
Thessaloniki, Greece
€ 550,000
5409
Land Plot 5.409 m², Sithonia, Chalkidiki
Ormylia, Greece

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Alexandra Meyer
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Alexandra Meyer
Personal assistant