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.
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?
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.
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?
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?
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.
Greece's economic recovery is having a positive effect on the retail property market, which is seeing a growing demand for prime facilities.
The South Aegean is one of Greece’s 13 administrative regions, occupying only 4% of the country's territory. At the same time, this area accounts for one-fifth of all international arrivals in the country and one-quarter of Greece’s tourism income.
European countries such as Spain, Portugal and Malta are popular among pensioners though many are unable to afford to retire there. Greece, however, offers a similar quality of life at a lower cost.
The Greek education system has three levels: primary, secondary and tertiary. Each level has two sub-levels. A child of any nationality living in Greece must complete his/her primary education and the first grade of the secondary level. Tuition is provided free of charge in state schools.
Visitors to Greece in April have a unique opportunity to change from ski clothes into their swimsuits, with ski resorts located only a few hours from the coast by car.