Is property a good investment in Greece?

As an option where investors often choose to put their accumulated funds into, real estate sector is a great opportunity when the market is bullish. Already showing signs of recovery in recent years, the Greek property market is now more desirable than ever with the new tax bill that pauses VAT.

Have property prices dropped in Greece?

Greek residential property prices fell 42.5% (-47.7% in real terms) from 2007 to 2017. The housing market started to recover in 2018, with house prices in urban areas rising by 3.51% and by another 7.56% in 2019.

Can a foreigner buy a house in Greece?

Any foreigner can own a home in Greece. The country does not apply any restrictions on the purchase.

Can you finance property in Greece?

Although the mortgage lending is legal in Greece, in practice, banks do not issue loans to local or foreign buyers of real estate. The exception is large Greek companies that have a good reputation in the market.

Which is the best site to buy real estate in Greece?

Greek Real Estate is now online as realestate.gr.com. It’s Greece’s premiere property portal for international buyers from around the world. Whether you are looking to invest in Greek property or sell your Greek real estate, realestate.com.gr and its team can help get you started… Let’s Go! Product added! Browse Wishlist

When did real estate prices drop in Greece?

The prices of property for sale in Greece have dropped over recent years. Real estate prices on Greek islands, even the popular ones, lost 33% on average between 2008 and 2013 while large and luxury properties lost up to 40–50%.

How much does a square meter of real estate cost in Greece?

A square meter of realty sells for €3,000 in Mykonos and Santorini, €2,500 in Hydra, €2,000 in Paros, €1,600 in Naxos and €1,500 in Serifos. Buyers who want to obtain permanent residency can apply for any investment over €250,000.

Yes. Foreigners can buy property in Greece freely and get a residence permit after investing more than 250,000 €.