Turks among the biggest investors in Greek real estate market

2 September 2019
168 Views

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.

Source: AHVAL

You may be interested

Skiathos has the best beaches in the world: Conde Nast Traveler readers Choice 2019
GREECE
shares70 views
GREECE
shares70 views

Skiathos has the best beaches in the world: Conde Nast Traveler readers Choice 2019

Panos - 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 Bryant
GREECE
shares15 views
GREECE
shares15 views

The world still in shock as NBA honours Kobe Bryant

Panos - 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 Turkey
DEFENCE
shares17 views
DEFENCE
shares17 views

France will not tolerate threats against Greece and Cyprus, French Minister warns Turkey

Panos - Jan 27, 2020

Ahead of a scheduled meeting between Greek PM Kyriakos Mitsotakis with French President Emmanuel Macron, in Paris next Wednesday, French…

Leave a Comment

Your email address will not be published.