Turks among the biggest investors in Greek real estate market
The Greek real estate market has seen a boom in foreign investors in 2019, and Turks are among the biggest investors in the country alongside those from China, Israel, Arab countries, the United States and the rest of Europe.
Part of the charm for foreign investors is the Golden Visa that Greece offers, which allows for non-European citizens to obtain a residence permit if they invest 250,000 euros or more in real estate.
Foreign investors buy a variety of properties, from apartments in central Athens to luxury villas in Greek islands. Turkish investors tend to favour the northern districts of Athens, and rent their properties. Some have also bought property in the islands.
Greece has seen a 130 per cent increase in capital entering the country for the purchase of real estate in the first quarter of 2019, and if the trend continues an estimated three billion euros will have entered the country over the real estate market.
The market in central Athens is mostly controlled by Chinese, Israeli, Russian and European investors with Russian investors opting to purchase luxury villas in the touristic Halkidiki region in northern Greece.
You may be interested
Skiathos has the best beaches in the world: Conde Nast Traveler readers Choice 2019Panos - Jan 27, 2020
Greece was awarded the Readers’ Choice Awards 2019 by top travel magazine Conde Nast Traveler, with over 600,000 readers voting…
The world still in shock as NBA honours Kobe BryantPanos - Jan 27, 2020
The world was devastated by the death of NBA legend Kobe Bryant when a helicopter crashed into hillside in Calabasas,…
France will not tolerate threats against Greece and Cyprus, French Minister warns TurkeyPanos - Jan 27, 2020
Ahead of a scheduled meeting between Greek PM Kyriakos Mitsotakis with French President Emmanuel Macron, in Paris next Wednesday, French…