According to Ekathimerini, interest in luxury holiday homes in Greece grew by 53.5% in May, compared to the same period in 2019.
Due to the economic instability and insecurity caused by the COVID-19 epidemic, the Greek government has devised special measures to help people who are struggling financially, including tenants who can no longer afford to pay rent.
Tranio conducted its eighth annual survey, analysing the investment and property purchasing patterns of Russian and CIS nationals abroad. The survey was primarily focussed on income property, looking at the top locations for investment, yield expectations, budgets, and preferred asset classes, as well as the general presence of Russian-speaking investors in local markets.
There’s more potential to make money in the country’s real estate than most people think. The majority of Europe’s real estate markets are overheated but Greece is one of the few countries where property is still relatively cheap.
A number of Greek legislative acts, including Law No. 4146 of 2013 regulate staying in the country, obtaining a residence permit and Greek citizenship.
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.