The Greek real estate market is increasingly becoming an attractive destination for international investors, especially after positive economic changes and supportive policies from the government. With a strategic location between Europe, Asia and Africa, Greece is not only an important trading point but also one of the most potential real estate markets in the region. So why does Greek real estate have such a strong attraction? Let’s explore the worthwhile potentials of this market.

1. Greek real estate values are growing strongly

The Greek real estate market has experienced a significant recovery in recent years. Since the financial crisis, Greece has gradually rebuilt its economy, leading to a recovery in real estate values. According to statistics, housing prices in Greece have increased steadily over the past few years. In the first half of 2024 alone, the commercial real estate market recorded a transaction value exceeding EUR 800 million, up 15% from the previous year.

With the development of tourism, technology and resort real estate, Greece is attracting many global investors, not only because real estate prices are quite competitive compared to other European countries but also because of its long-term growth potential.

2. Golden opportunity from the Greek Golden Visa program

One of the key factors driving the Greek real estate market is the Golden Visa program, which allows international investors to receive a 5-year residence card when investing in real estate. In particular, as of September 1, 2024, the Greek government has increased the minimum investment to EUR 800,000 in key regions such as Athens, Thessaloniki and the major islands.

However, there is still an option of EUR 250,000 for investors who want to invest in converting commercial real estate into housing or restoring historic buildings. The Greek Golden Visa attracts thousands of investors each year thanks to the benefits it offers, including freedom of movement within the Schengen area, the benefits of preferential tax policies and long-term profitable investment opportunities.

3. The development of resort real estate

Greece is one of the world’s top tourist destinations, with millions of tourists pouring in each year. This has created a boom in resort real estate, especially in popular locations such as Santorini, Mykonos, and Crete. Coastal and resort real estate not only has high profit potential from leasing but also grows in value over time, especially when the number of tourists is increasing.

With resort projects, hotels, and resort villas on the rise, Greece offers attractive investment opportunities for investors who want to seek profits from tourism and resort real estate.

4. Promising commercial real estate market

In addition to resort real estate, the commercial real estate market in Greece is also growing strongly. According to the report, commercial real estate transactions have increased sharply in recent years, especially in the office building, hotel and mall segments. International investors are pouring capital into these projects thanks to their stable profit potential and long-term development potential.

Athens, Thessaloniki and other major Greek cities are currently at the center of commercial real estate projects, attracting foreign investors with incentives and favorable conditions.

5. Advantages of tariffs and investment policies

Greece also stands out for its preferential tax policies for international investors. Low corporate income tax rates, no inheritance tax, and many agreements to avoid double taxation with other countries have created an attractive investment environment. In particular, with the Golden Visa program, investors can enjoy these advantages while owning valuable real estate in Greece.

6. Long-term and stable development potential

Greece is not only a popular tourist destination but also a country with political and social stability. This is an ideal condition for foreign investors to develop their assets with peace of mind. The development of infrastructure, high-end real estate projects, and investment incentives from the government have been facilitating the boom of the Greek real estate market.

Conclude

With all of the above factors, Greek real estate is becoming the first choice for international investors. Not only does Greece offer lucrative opportunities from a thriving real estate market, but it also opens the door to opportunities to settle down and benefit from tax and investment incentives.

If you’re looking for a real estate market full of potential and value, Greece is definitely a must-visit destination in your investment strategy.