Latest figures show huge increase in foreign capital buying properties in Greece
According to the latest data published by the Bank of Greece on Wednesday, the foreign capital flowing into the country to buy properties in January 2019 showed a staggering increase of 155.7 percent over the same month in 2018.
This comes after a whopping 205.5 percent increase which was recorded one year earlier, in January of 2018, compared with the same month of 2017.
This spectacular boom shows that foreign investors are extraordinarily interested in buying apartments and houses in Greece, as they expect much higher revenues from tourism.
However, apart from the short-term renting industry, the investors are choosing Greece as the country’s economy becomes stronger and more stable after years of financial crisis and instability.
You may be interested
Telegraph: Greece ideal destination for familiesPanos - Jun 19, 2019
Greece is the ideal family holiday destination, writes British Telegraph in its travel section. The article presents a wide range…
The Turkish-Cypriots decided to annex the “ghost town” of Famagusta!Panos - Jun 19, 2019
The “parliament” of the illegal government of the occupied northern Cyprus decided to open Famagusta (a.k.a. Ammochostos or Varosi), which…
BoG: Progress in reducing NPLs, mixed picture in other indexes affecting Greek banksPanos - Jun 19, 2019
A Bank of Greece (BoG) review for the country's banking sector in 2018 notes that it remains in a "recovery…