Why are mortgages in Greece popular among foreign investors?

An interesting fact is that the term "mortgage" originated in Greece. Initially, it indicated that the potential owner has not yet paid the payment for the purchased lot. Later, the designation was transformed and began to be used throughout the world. At the same time the Greeks themselves turned out to be indifferent to mortgage loans. Even now, they rarely use such services. Foreign investors use this service more often than locals.

Statistical summary

According to the data for the last year, it can be stated that about a quarter of real estate purchase and sale transactions in the country were executed through mortgages.