Greek real estate market: how and why it is recovering
Greece has always been a desired destination both by young people and by adults, and is famous all over the world for its natural beauties and its unique and inimitable culture.
Every year, there are many visitors who decide to stay in one of the Greek islands, to enjoy the crystal clear sea, the long beaches and beautiful sunsets.
But Greece is also a land that is proving to be able to redeem itself, so as to emerge victorious even after the critical scourge that has hit all sectors of the economy and not of the nation itself.
Despite the crisis that has literally taken hold of this state, both from an economic point of view but also from a political and social point of view, 2019 seems to be the turning point for Greece.
In fact, already in the first days of January, excellent results were recorded relating to the recovery-oriented policy of this nation that seemed to be on the brink of the abyss.
The reason that has brought numerous benefits in various sectors was born without doubt from the driving force of tourism.
Let's see in detail how.
The main program, called '' Golden Visa '' attracted major investors in the country, allowing Greece to actively participate in the 'Silk Road' initiative, to enter the Chinese market and of course, to attract as many as possible to the Greek peninsula foreign capital possible.
The deputy minister of the Greek economy, underlined how this project has made Greece highly competitive in a short time, allowing the country to extend the group of potential investors and allow them to choose to buy real estate property starting from 250,000 euros .
Active investors are represented by Turkey, Russia, China, Egypt and other North African countries, thanks to the possibility of obtaining a visa, entering the previously mentioned program.
The '' gold '' visa has indeed brought excellent results in terms of transaction circulation speed and multiplication of the same. Dozens of investors who purchase properties automatically obtain a residence permit. In the first three quarters of last year, property prices have increased by 3% on an annual basis.
In Thessaloniki, properties rose by only 0.8% in terms of price.
But the decisive role in this land has been brought by the very strong demand for rental properties, especially on behalf of tourists and workers.
Residential investments on the basis of leases, have increased by 12%, allowing the Greek economy and especially the real estate market, to drive an entire nation that risked only a few years ago, to see itself totally on its knees.
What to say, we hope that Greece can continue to dominate the scene to its full potential!
Every year, there are many visitors who decide to stay in one of the Greek islands, to enjoy the crystal clear sea, the long beaches and beautiful sunsets.
But Greece is also a land that is proving to be able to redeem itself, so as to emerge victorious even after the critical scourge that has hit all sectors of the economy and not of the nation itself.
Despite the crisis that has literally taken hold of this state, both from an economic point of view but also from a political and social point of view, 2019 seems to be the turning point for Greece.
In fact, already in the first days of January, excellent results were recorded relating to the recovery-oriented policy of this nation that seemed to be on the brink of the abyss.
The reason that has brought numerous benefits in various sectors was born without doubt from the driving force of tourism.
Let's see in detail how.
The main program, called '' Golden Visa '' attracted major investors in the country, allowing Greece to actively participate in the 'Silk Road' initiative, to enter the Chinese market and of course, to attract as many as possible to the Greek peninsula foreign capital possible.
The deputy minister of the Greek economy, underlined how this project has made Greece highly competitive in a short time, allowing the country to extend the group of potential investors and allow them to choose to buy real estate property starting from 250,000 euros .
Active investors are represented by Turkey, Russia, China, Egypt and other North African countries, thanks to the possibility of obtaining a visa, entering the previously mentioned program.
The '' gold '' visa has indeed brought excellent results in terms of transaction circulation speed and multiplication of the same. Dozens of investors who purchase properties automatically obtain a residence permit. In the first three quarters of last year, property prices have increased by 3% on an annual basis.
In Thessaloniki, properties rose by only 0.8% in terms of price.
But the decisive role in this land has been brought by the very strong demand for rental properties, especially on behalf of tourists and workers.
Residential investments on the basis of leases, have increased by 12%, allowing the Greek economy and especially the real estate market, to drive an entire nation that risked only a few years ago, to see itself totally on its knees.
What to say, we hope that Greece can continue to dominate the scene to its full potential!
