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

  •  

Related Insights

  •  
    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. ...

Real Estate Listings

Cod. 40906

For sale House, Greece, Lesvos Mytilini, Klio Lesvos, Klio village

54,454.50USD
For sale
House

130 m²
Stone built, two floors, 4 bedrooms, kitchen, living room with fireplace, bathroom, two garden, in village Klio, 5 Km from beach Tsonia, 25 km from vi...
Cod. 40823

For sale Building, Greece, Peloponnese, Selianitika, Akti poseidonos

411,434.00USD
For sale
Building

702 m²
Building of 3 floors each floor consisting of 7 studios. Floor area 234 sq.m. The studios are fully furnished and equipped. The building is a runnin...
Cod. 40785

For sale House, Greece, Crete, Rethymno, Agios Konstantinos village

58,084.80USD
For sale
House

92 m²
the house is located in Agios Konstantinos village, near the Episkopi town of Rethymno, and the beautiful Argyroupoli's waterfalls. it is a 2 floored ...
Cod. 40769

For sale Villa, Greece, Cyclades, Mykonos, KANALIA

2,347,594.00USD
For sale
Villa

293.500 m²
This new built, luxurious residence provides 293.50 sq.m. of living space, in a 2 level arrangement. It comprises of 3 very spacious master bedrooms, ...
Cod. 40768

For sale Villa, Greece, Cyclades, Mykonos, KANALIA

2,347,594.00USD
For sale
Villa

290 m²
This new built, luxurious residence provides 290.00 sq.m. of living space, in a 2 level arrangement. It comprises of 3 very spacious master bedrooms, ...
Cod. 40765

For sale Villa, Greece, Cyclades, Mykonos, KANALIA

2,166,079.00USD
For sale
Villa

265.500 m²
This new built, luxurious residence provides 265.50 sq.m. of living space, in a 2 level arrangement. It comprises of 3 very spacious master bedrooms, ...
Cod. 40763

For sale Villa, Greece, Cyclades, Naxos, PYRGAKI

486,460.20USD
For sale
Villa

150.690 m²
NAXIAN RESORT - VILLA LIGARI In the south-west coast of Naxos, at Pyrgaki, just 100 meters away from the sea, a complex of 26 independent holiday ...
Cod. 40762

For sale Villa, Greece, Cyclades, Naxos, PYRGAKI

550,595.50USD
For sale
Villa

167 m²
NAXIAN RESORT - VILLA ORKOS In the south-west coast of Naxos, at Pyrgaki, just 100 meters away from the sea, a complex of 26 independent holiday v...
Cod. 40761

For sale Villa, Greece, Cyclades, Naxos, PYRGAKI

577,822.75USD
For sale
Villa

177.540 m²
NAXIAN RESORT - VILLA ARGILOS In the south-west coast of Naxos, at Pyrgaki, just 100 meters away from the sea, a complex of 26 independent holiday...
Cod. 40760

For sale Villa, Greece, Cyclades, Naxos, PYRGAKI

464,073.35USD
For sale
Villa

142 m²
NAXIAN RESORT - VILLA LIONAS In the south-west coast of Naxos, at Pyrgaki, just 100 meters away from the sea, a complex of 26 independent holiday ...
2005-2021 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