The Rise of Foreign Firms Interest in Greece’s Real Estate Sector
Ktimatoemporiki Real Estate - 2025-01-03
While Greece is fast turning out to be the hub of foreign investors in real estate, it has emerged as a serious ground for property investment by foreign firms.
The competitive prices of Greece, its strategic location, and vast growth potential place it among the leading players on the global map of real estate.
Why Greece Attracts Foreign Real Estate Investments
1. Golden Visa Program
The Golden Visa of Greece remains one of the most attractive residency-by-investment programs in Europe. For a minimum threshold of €250,000, with increases in some areas, foreign investors get residency with added value in Greece's real estate market.
2. Affordable Property Prices
Competitive pricing, especially compared to other Mediterranean markets, is offered by Greek real estate. From villas on islands to modern apartments in Athens, investors can get high-value properties with reasonable prices.
3. Booming Tourism Industry
Greece is among the top tourist destination countries in the world, driving the demand for vacation rentals and short-term rental properties. Places such as Mykonos, Santorini, and Crete bring in a lot of money and yield high returns on investment.
4. Strategic Location
At the crossroads of Europe, Asia, and Africa, Greece provides a geopolitical advantage for commercial and residential property investments.
5. Market Growth
In 2024, foreign direct investments in Greek real estate reached €1.92 billion in the first nine months alone, up 17.2% from 2023. This accounts for 62% of all foreign investments in Greece, underlining the real estate sector's vital role in the economy.
Top Destinations for Property Investments
• Athens and Thessaloniki: Urban centers that are in high demand for modern apartments and commercial property.
• Greek Islands: The Greek Islands, mainly Mykonos, Santorini, and Crete, have a great demand for luxury villas and hospitality projects by investors.
• Athenian Riviera: This luxury coastline offers a mix of modern apartments and villas right by the sea, with the possibility of long-term appreciation and rental yields.
Challenges and Future Outlook
While the Greek real estate market is full of opportunities, foreign firms are faced by challenges such as increased property taxes and bureaucratic hurdles. However, these should be offset by the government's initiative to streamline transactions, improve infrastructure, and attract foreign capital.
Indeed, in Greece, a continued growth along with increasing demand binds this to remain as one of the prime destinations regarding investment in real estate. This ranges from vacation houses, luxury villas, commercial ventures, or others that might satisfy international buyers' needs and aspirations.
The competitive prices of Greece, its strategic location, and vast growth potential place it among the leading players on the global map of real estate.
Why Greece Attracts Foreign Real Estate Investments
1. Golden Visa Program
The Golden Visa of Greece remains one of the most attractive residency-by-investment programs in Europe. For a minimum threshold of €250,000, with increases in some areas, foreign investors get residency with added value in Greece's real estate market.
2. Affordable Property Prices
Competitive pricing, especially compared to other Mediterranean markets, is offered by Greek real estate. From villas on islands to modern apartments in Athens, investors can get high-value properties with reasonable prices.
3. Booming Tourism Industry
Greece is among the top tourist destination countries in the world, driving the demand for vacation rentals and short-term rental properties. Places such as Mykonos, Santorini, and Crete bring in a lot of money and yield high returns on investment.
4. Strategic Location
At the crossroads of Europe, Asia, and Africa, Greece provides a geopolitical advantage for commercial and residential property investments.
5. Market Growth
In 2024, foreign direct investments in Greek real estate reached €1.92 billion in the first nine months alone, up 17.2% from 2023. This accounts for 62% of all foreign investments in Greece, underlining the real estate sector's vital role in the economy.
Top Destinations for Property Investments
• Athens and Thessaloniki: Urban centers that are in high demand for modern apartments and commercial property.
• Greek Islands: The Greek Islands, mainly Mykonos, Santorini, and Crete, have a great demand for luxury villas and hospitality projects by investors.
• Athenian Riviera: This luxury coastline offers a mix of modern apartments and villas right by the sea, with the possibility of long-term appreciation and rental yields.
Challenges and Future Outlook
While the Greek real estate market is full of opportunities, foreign firms are faced by challenges such as increased property taxes and bureaucratic hurdles. However, these should be offset by the government's initiative to streamline transactions, improve infrastructure, and attract foreign capital.
Indeed, in Greece, a continued growth along with increasing demand binds this to remain as one of the prime destinations regarding investment in real estate. This ranges from vacation houses, luxury villas, commercial ventures, or others that might satisfy international buyers' needs and aspirations.
