Investing in Greece: all you need to know.

Investing in Greece: all you need to know.

To those who came to mind to move to one of the most beautiful and unspoiled places in the world? Rich in history and marvelous places, Greece remains one of the most sought-after destinations both by tourists and above all by investors looking for a new home. It is an idea not so bad, especially by examining the particular situation facing the Greek economy at this time.                                   

                                                                            

The economic crisis has caused quite a few hardships in the peninsula, with a fall in income and the general collapse of the economy. We must not forget the problem of closure and strong control of capital, in order to avoid its foreign flight. All this has led to a collapse in property costs and, consequently, to an increase in the number of individuals who are considering going to Greece for their investments.

On the market there are currently 245,000 unmarket homes and according to the 2019 forecasts, the number will increase considerably, given the previous and long economic paralysis of recent years. Grexit also played a decisive role in all this considering that there is a risk that, after leaving Europe, Greece decides to return to the Drachma. One wonders how safe it is to invest in Ellade.

                                                                      

The Greek situation is not yet resolved, the country is growing but at a slow pace, the economy is not as open as before and because of the recent fire, many people have had to leave their homes. Tourism is the only point in favor of the country, with a double peak of guests (2016 and 2017) This is mainly due to the fact that the country has "attracted" visitors from neighboring Turkey and Egypt, where there are political problems interiors that, of course, terrified tourists and pushed them to other destinations. In conclusion, after analyzing the situation, it is possible to say that investing today in Greece is not easy but the situation is improving.

Apparently it was the economic crisis that moved many investors to property for sale in Greece, buying both luxury homes and rural houses. Needless to say, investments in the Greek real estate market are not for everyone. Prices and risks need to be balanced on the two plates. First of all, in order to be able to gain access to this market, it is necessary to have a solid financial position, sufficient to cover any unforeseen events and new price drops.

The choice of the area is also decisive. First of all we need to distinguish the most "reserved" tourist places and places. In very touristic places, as is obvious, house prices have not fallen too much and probably do not make the investment so favorable.

Among the most accessible and economic locations in Greece we find both the smaller cities and the capital, Athens, where you can buy properties from 100 square meters to even 40,000 euros. And the taxation? When evaluating the investment must also take into account the taxes to be paid on the property: here for houses that are worth between 200 thousand and 5 million euro, the progressive rate is between 0.2% and 1 %. To this we must add local taxes ranging from 0.025 to 0.035%, calculated on the value of the house.

Realigro blog

Taxation in the Canaries: tips to follow

Green Building less expensive than traditional: that's why it's convenient

Infectious investments: Mexico at the top

California: tips for a dream vacation

Santo Domingo: an investor's paradise

Investing in Greece: all you need to know

 

 

 

Related Insights

  •  
    Investing in Greece: all you need to know.

    Investing in Greece: all you need to know. To those who came to mind to move to one of the most beautiful and unspoiled places in the world? Rich in history and marvelous places, Greece remains one of the most sought-after destinations both by tourists and above all by investors looking for a new ...

Real Estate Listings

Cod. 42515

For sale Beach Resort, Greece, Thessaloniki, Asprovalta, Asprovalta

84,154.70USD
For sale
Beach Resort

359 m²
Property close to the beach Asprovalta,
Cod. 42464

For sale Other (Residential), Greece, Athens, Marousi, 25HS MARTIOU 42

1,045,400.00USD
For sale
Other (Residential)

721 m²
Marousi Centre Within city plan In good part of residential district 721 sqm Building Factor: 1 Facade 24 meters, depth 28 meters Corner plot wi...
Cod. 42450

For sale Development Property, Greece, Attica, Marousi, 25HS MARTIOU 42

1,045,400.00USD
For sale
Development Property

721 m²
Maroussi Centre Within city plan In good part of residential district 721 sqm Building Factor: 1 Facade 24 meters, depth 28 meters Corner plot ...
Cod. 42324

For sale House, Greece, Thessaly, Karditsa, Artesiano, Karditsa

308,393.00USD
For sale
House

150 m²
The maisonette is located nearby (4 minutes by car from the town of Karditsa, 4th km. Karditsa/Trikala) in a quiet area in Artesianos Karditsa. The ma...
Cod. 42298

For sale Manor Farm, Greece, Eubea, aliberi, Profiti llia

31,362.00USD
For sale
Manor Farm

50 m²
Typical white Greek village house, located on the outskirts of Kimi within a pedestrian area, but close to parking spaces. The property is to be resto...
Cod. 42289

For sale Manor Farm, Greece, Peloponnese, Voreia Kynouria, Kosmas

73,178.00USD
For sale
Manor Farm

200 m²
Traditional stone house for sale in a mountain village very close to the village square.
Cod. 42210

For sale 2 Bedrooms, Greece, Attica, Athens, Parnassou 2

259,259.20USD
For sale
2 Bedrooms

69 m²
A nice and comfortable apartment in a very green, quiet and safe area of Athens. It is only 8 min drive away from the sea and all the beach-bars. It i...
Cod. 42197

For sale Villa, Greece, Katerini, Kolindros, perioxi viles

376,344.00USD
For sale
Villa

360 m²
VILLA 350 SQUARE MEASURES IN GREECE KOLINDRO PIERIAS. MAISONETTE 210 SQUARE MEASURES TWO LEVEL MAISONETTE WITH GROUND FLOOR-BASEMENT AND GUESTHOUSE 1...
Cod. 42196

For sale Villa, Greece, Katerini, Kolindros, perioxi viles

376,344.00USD
For sale
Villa

360 m²
VILLA 350 SQUARE MEASURES IN GREECE KOLINDRO PIERIAS. MAISONETTE 210 SQUARE MEASURES TWO LEVEL MAISONETTE WITH GROUND FLOOR-BASEMENT AND GUESTHOUSE 1...
Cod. 42185

For sale House, Greece, East Macedonia and Thrace, Kavala, Anthemiou 35

721,326.00USD
For sale
House

286 m²
Amazing tradtional mansion located in the most beautiful neighborhood in Kavala. Under the shadow of the Byzantine Castle on the rock of Panagia p...
2005-2022 REALIGRO REAL ESTATE LTD. All Rights Reserved - VAT Nr: 893969932
Neikos Digital Agency
  1. Preferences

    For a better use of Realigro website, set your preferences for language, currency, square meters or sq ft.

    Set now Don't show again
BB