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.
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.
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?
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.
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.
The Athens Riviera accounts for about 80% of property requests in the Greek capital. What is attracting buyers to this part of Athens?
Families planning to move to Greece will have no problem sending their children to school. The country offers free public schools with intensive Greek language programs for foreigners, while international schools offer tuition in English, German or French.
The office property sector in Athens, being less connected with tourism, has not yet begun to grow. Demand from tenants is growing slowly, but the number of transactions is still small.
Tourism is booming in Greece, and Athens now is among the top three tourist destinations in Europe, and the number of tourists is growing faster than anywhere else. How is the growing popularity of Athens affecting the hospitality industry, and how has this market changed in the past 15 years?
Greece is gradually recovering from the economic crisis that devastated the country. It is once again attracting investors, including those who want to profit from the burgeoning tourist market.
The Greek economy is slowly picking up: property prices per square metre will begin growing within the next few years.
Athens has a promising property investment market:
The former Ellinikon International Airport will soon become one of the most attractive investment opportunities in the capital of Greece.