Analysts conclude, having studied Airbnb listings, that over the past two years, short-term rental revenues in Greece have grown more significantly in locations less popular with tourists.
The Acropolis is the most important tourist magnet in Athens and typically the closer a property is to it, the higher its price and rental rate tend to be. So what’s the best way to strike a balance between the purchase price and the profit margin? Tranio explains.
In view of Greece’s economic recovery and growth in tourism, investors expect prices for Athens real estate to rise.
‘Strike while the iron is hot‘ may well be the perfect phrase to describe Greek property at the moment; the combination of attractive residency opportunities, a finally recovering economy, a booming tourist industry and plenty of room for price growth is making Greece an irresistible 2018 target for foreign property investors.
The increase in the number of tourists worldwide is driving the growth of the hospitality industry. In 2017, the volume of transactions in the European hotel property market grew by 11% to a record €20.9 billion. What countries and types of hotels should investors look at in 2018?
In 2017, the volume of foreign direct investment in Greece grew by 30% from the year before, reaching €3.6 billion. Tranio looks at why foreign entrepreneurs are returning to Athens.
Greek real estate in demand among foreign investors. In 2017, the total value of completed real estate transactions almost doubled from 2016. What should investors know to get the higher rental yields?
To get a Greek residence permit, investors have to spend only €250,000 on property.
Rental yields have been declining in Europe in recent years. As a result, many investors have turned their attention to redevelopment projects, which typically have projected returns of 10–20% per annum.
The Peloponnese, in the southern Balkan Peninsula, is Greece’s third-most popular region among foreign property buyers. Where and at what price should you buy real estate there?
The Greek economy is recovering from the crisis. The main growth driver is tourism, and the Greek government and the European Union are now actively investing in the projects that will make Greece even more attractive to tourists.
On May 5, the European Central Bank (ECB) published results of stress tests involving Greece’s four largest banks. In the worst-case scenario, their capital should not fall below the ECB’s minimum requirements over the next three years. This indicates that the restructuring of the banks in recent years has been a success.
The Greek economy is recovering – the country experienced four consecutive quarters of GDP growth in 2017 and the economy is expected to grow 2.5% growth per year in 2018 and 2019. In this environment, real estate prices can only be expected to grow.
Greece's economic recovery is having a positive effect on the retail property market, which is seeing a growing demand for prime facilities.
A salary of €2,000 per month is enough to qualify for a European residence permit. Affluent foreign nationals can participate in Greece's residence programme for financially independent persons. How does it work and how can one obtain a Greek residence permit?