Greece owns more than 6 thousand islands, but only on 227 of them people live. Rhodes, Lesbos, Corfu, Santorini and Mykonos are the most popular islands among wealthy property buyers.
The cost per square meter in Greece is lower than in most European countries: in many locations the price does not exceed 1 thousand euros. Another argument in favor of Greece is the possibility of obtaining a European residence permit when purchasing an object with a value of 250 thousand euros or more. Continue reading
Athens Riviera called the southern suburbs of Athens, which occupy the coast of the Saronic Gulf from Piraeus to Cape Sounion. These include Paleo Faliro, Glyfada, Voula, Vuliagmeni and Varkiz. Beaches, marinas, luxury hotels, restaurants, boutiques and nightclubs – these areas are popular with both tourists and residents of the capital.
Investment prospects Continue reading
Although the formal issuance of loans in Greece is not prohibited, in practice, banks do not issue loans to either local or foreign property buyers. The exception is the large Greek companies with established reputation in the market.
Standard Mortgage Terms in Greece *
Mortgage offers from banks
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Tranio experts are confident that now is the best time to buy Greek real estate, as prices have reached bottom and are ready to grow (according to the Bank of Greece, since the 2nd quarter of 2017, the cost per square meter in Athens stopped falling). Not only we see positive changes: the editors compiled a digest of the main news about the Greek economy, published in the first three months of 2018. Continue reading
Currency fluctuations are affected by various factors: monetary policy, inflation, consumer confidence, GDP dynamics, and the balance of payments. As a rule, along with the growth of the currency, real estate prices simultaneously rise and profitability decreases (and vice versa).
The devaluation of the national currency means interesting opportunities for foreign property buyers. In markets with a significant share of foreign investors, such conditions can cause a surge in demand and even change the phase of the cycle. Continue reading