Latest figures show huge increase in foreign capital buying properties in Greece

12 April 2019
52 Views

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 parliament
GREECE
shares21 views
GREECE
shares21 views

Refugees and illegal immigrants camp outside Greek parliament

makis - 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 MPs
POLITICS
shares21 views
POLITICS
shares21 views

Greek House votes to lift Parliamentary immunity of trhee MPs

makis - Apr 19, 2019

Greek MPs decided to lift the Parliamentary immunity of three of their colleagues, Andreas Loverdos, Marios Salmas, and Aristides Fokas…

Weekend escapes near Athens!
GREECE
shares1179 views
GREECE
shares1179 views

Weekend escapes near Athens!

Panos - Apr 19, 2019

Chalkida: the town of “mad waters” There is a reference point, a place of attraction for Athenians and people from…

Leave a Comment

Your email address will not be published.