Foreign investment in Greek real estate has been on the rise in recent years, following the economic crisis that affected the country. Several factors have contributed to this trend:
- Improved Investment Climate: Greece has taken steps to improve its investment climate, including reforms in the real estate and tax sectors.
- Investment Opportunities: The country offers attractive investment opportunities in the real estate sector, especially in areas such as Athens, Thessaloniki, and the tourist areas of the Greek islands.
- Growth of the Tourism Sector: Greece is a popular tourist destination, and the growth of the tourism sector has created demand for real estate from foreign investors, such as hotels, holiday homes, and commercial spaces.
- Investment Incentive Programs: The Greek government has introduced programs aimed at attracting foreign investors to the real estate sector, such as the “Golden Visa” program, which offers a residence permit in exchange for real estate investments.
The increase in real estate investments by foreign investors has had a positive impact on the Greek economy, contributing to job creation, the development of the real estate market, and the increase in revenue from tourism and other related activities.
