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
Refugees and illegal immigrants camp outside Greek parliamentmakis - Apr 19, 2019
Refugees and illegal immigrants have camped outside the Greek parliament at Syntagma Square in Athens. The illegal immigrants and refugees,…
Greek House votes to lift Parliamentary immunity of trhee MPsmakis - Apr 19, 2019
Greek MPs decided to lift the Parliamentary immunity of three of their colleagues, Andreas Loverdos, Marios Salmas, and Aristides Fokas…