Greece is back … or is Greece back? The Greek real estate market has been on a noticeably upward trend for several years. Prices have risen sharply in more or less all real estate sectors over the past three years, and yields have now also ‘adjusted’. Greece’s real estate market is interesting again and consequently
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Greece said goodbye to an almost ten-year crisis when property prices rose again, albeit slightly, towards the end of 2017. This was followed by a two-year phase in which Greek real estate was again sought after by investors. In addition to nationals and Europeans, private and institutional investors, including from China and Israel, were among
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First estimation on the impact of the coronavirus to the greek real estate market (greek real estate market 2021) The Greek government has coped very well with the coronavirus pandemic. Relative to other countries, contamination and death rates have been kept at a very low level, and the easing of protective measures will begin
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After about nearly a decade, which was more than bad for Greece’s real estate sector, there has been a very positive mood on the Greek real estate market for some time now. It seems that a variety of factors are currently working together in a positive way, and that there has been renewed strong activity
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Since 2014, Greek properties have become for many investors from abroad more interesting, as per law 4251/2014 foreign investors have the possibility to get the ‘Golden Visa’ for Greece by buying real estate in Greece that exceeds a value of 250.000,- Euros. On this way, non-Europeans can become for a certain period European residents, and
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Thessaloniki – a city for perfect city breaks The real estate market in Thessaloniki, the second largest city in Greece, has behaved like the real estate market in Athens during the crisis years. In some locations there had to be accepted price cuts of up to 60%, although in average the prices fall approximately by
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2017 – A successful year for tourism Greece can look back on an excellent year in terms of tourism. According to experts, in 2017 the number of international visitors will exceed the 30 million mark. The number of passengers arriving at Greek airports in the first nine months of the year increased by 9.4% compared
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Greek properties had disappeared in recent years from the international investors’ target completely. Although the prices of real estate in all categories have fallen rapidly, and the Greek market therefore should had become a bargain market for real estate, there were relatively few investors who have invested in Greek real estate the last months. The
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A few months ago the Greek government had decided to open its arms to nationals from third countries which are not members of the European Union. So, the Greek government passed a law which forms the basis for citizens of the aforementioned category to obtain a residence permit in Greece, if they buy a property
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A good year for Greece … Last year, the Greek tourism market had seen as a result of a variety of factors (such as f. e. the stabilization of the situation in Greece, the international, political development, etc.) and due to the intense efforts by the competent Greek institutions a very positive development. An increase of
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