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

Property for sale America

Real Estate Listings

Plot 1016 m2 for sale in Agia Paraskevi, Acharnai
Cod. 34350

For sale Hotel, Greece, Folegandros, Karavostassi, Karavostassi

2,359,000.00USD
For sale
Hotel

1.331 m²
For Sale - Beautiful seafront Hotel in the Cycladic island of Folegandros. This 20 unit hotel, is family owned, and was operated for 25 years successf...
Cod. 34309

For sale House, Greece, Attica, Athens, kifissia

1,297,450.00USD
For sale
House

130 m²
KIFISIA Down, detached house 130 sq.m., basement - ground floor, corner, 3 bedrooms, 2 bathrooms, furnished, on a plot of 1.500 sq.m., central heating...
Cod. 34295

For sale Terraced House, Greece, Halkidiki, xalkidiki, ΠΑΛΛΗΝΗ-ΧΑΝΙΩΤΗ

648,725.00USD
For sale
Terraced House

400 m²
On a 2200 sqm plot, 5 buildings are built individually. Each has two studios of 45 m² each. The top 5 are built with heavy wood, finished, furnished...
1 / 168
  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