Real estate investments are made to last – the average investment term is about five years. For this reason, before buying property in Greece, foreign investors weigh up factors including national economic growth, political stability, and the likelihood of market overheating.
Now in its fifth year MR&H will return to Greece for the second year in succession this October. The event, hosted by Questex Hospitality Group, is dedicated to the investment, development and operation of resorts and hotels within the Mediterranean region.
Eastern Europe is a key region for the Chinese ‘One Belt One Road’ project. But which countries is China especially interested in and what type of property should real estate investors buy?
How are things going on the global real estate market? What future challenges does it face? International real estate plaftorm Tranio presents an overview of the main trends that investors can focus on today and for the next year.
The Greek government has already approved reducing corporate tax and VAT, and is discussing the possibility of lowering the annual real estate tax for inexpensive properties.
International investing in Mediterranean resort and hotel real estate is on the rise. This is evidenced by the results of an online survey conducted jointly by Tranio and MR&H in 2018. The majority of respondents (86%) note that the activity of international investors is increasing.
Based on the success of the last Edition of the European Investment Summit (EIS) that took place this spring in Athens, DDC Financial Group and its strategic partners are extremely happy to announce the fall edition will be hosted in Athens, Greece on October 23-24, 2018.
On 30 August 2018, Greece launched a digital registry for commercial residential property owners. The necessity to regulate the country’s short-term rental property market has arisen. Why is Greek property so attractive to investors?
About one-third of ultra high net worth individuals (UHNWIs) hold dual nationality. Another one-third of them plan to obtain a second nationality in the future. The easiest way for them to get residency or nationality of another country is to participate in a golden visa programme, which grant individuals residence permits for investing in the issuing country.
The property market recession in Greece, which has lasted for 10 years, is over. In 2018, the Bank of Greece has observed a year-on-year increase in prices for the first time since 2008.
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.
Greece owns more than 6,000 islands, but only 230 of them are inhabited. The most prestigious properties can be found on the islands of Rhodes, Lesbos, Corfu, Santorini and Mykonos.
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.