Rich investors from Germany and Great Britain are heading for Greece

Rich investors from Germany and Great Britain are heading for Greece

Foreign buyers from the cold countries of Europe are taking advantage of affordable purchase opportunities

 

Rich investors from Germany and Great Britain are heading for Greece to make profitable real estate investments.

Greece is facing a deep economic crisis and someone suggests the country should sell some of its islands to get out of its outstanding debt burden. Of course, this possibility is not taken into account by Greece, but there are some foreign investors coming from the “colder” Europe who may find this possibility interesting.

The opportunity to buy an island with a small house in the middle of the Aegean Sea, in an unspoilt area, with a sunny climate, hot temperature for more than the half of the year and a delightful gastronomy at an affordable price is very appealing for high-budgeted investors.

The number of tourists coming from northern countries and longing to find a suitable property to buy is increasing. Many of them are retired people who want to take advantage of the March-to-December sunny weather and move to the Greek coast for half of the year.

There are numerous building plots of land and old uninhabited houses for sale on the Greek coast.

Prices range from 100 thousand euros to 1.5 million euros. On the Andros Island, for example, it is possible to buy a 120-square metre home with a 4,500-square metre plot of land for 250 thousand euros. The price of a smaller house in the heart of the village amounts to 100 thousand euros. Mykonos – the Hellenic Ibiza – is the most expensive island in Greece. Properties cost 1 million euros, here.

Several investors coming from France are buying properties on the Island of Paros where there are little more than 15 thousand inhabitants and where French has become the second language. Many of them have relocated here and have started business activities.

The crisis has damaged residents but has become a business opportunity for foreign investors. Numerous Greek entrepreneurs were obliged to close their activities and sell their small seaside houses. Consequently, tourists that wanted to remain loyal to holidays in Greece benefited from this purchase opportunity and bought their own property on the Aegean coast.

Fortunately, Greek beaches have not experienced the same urban colonisation reported on the Spanish islands – such as Mallorca and Marbella – that have run the risk of losing their own identity due to the massive construction of real estate properties for overseas retired people authorised by the government.

Read also:

·         Renting an island off the coast of Spain is possible

·         Balearic Islands: the high-end market is successful

·         Former religious building for sale in Spain

·         Special real estate investment opportunities in Portugal

·         Real estate investment opportunities in Minorca

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Real Estate Listings

Cod. 37905

For sale Other (Commercial), Greece, Peloponnese, Katakolo Ilias, Agios Andreas -Pirgos Ilias

775,336.00USD
For sale
Other (Commercial)

8000 m²
8.000 SQ.MTRS PLOT IN WEST GREECE - PELOPONNESE - AGIOS ANDREAS 40 KM FROM ANCIENT OLYMPIA 2 KLM FROM THE PORT FACILITY
Cod. 37840

For sale Other (Land), Greece, Peloponnese, aegion, Koumari

74,113.00USD
For sale
Other (Land)

4500 m²
plot 4500 m2 builts, view to sea 10 min with the car distance from sea, with olive trees and water
Cod. 37601

For sale 2 Bedrooms, Greece, Athens, Atene, Attiki Square

74,113.00USD
For sale
2 Bedrooms

65 m²
Apartment for sale (Center of Athens-Greece) Ground floor (block of flats ) , 65m2 , 1 bathroom , 2 bedrooms , 1 living room , 1 kitchen . A few met...
Cod. 37553

For sale House, Greece, Corinthia, KALAMAKI ISTHMIAS, AGIOS XARALAMBOS

142,525.00USD
For sale
House

133 m²
Detached house for sale 500 meters from the sea legalized. Renovated in 2007 with 3 bedrooms one with its own wc dining room and living room with fire...
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