Investing in Real Estate in Greece In 2020


Posted on: 23 February 2020 by Amy Smith Brown

The real estate market in Greece is currently seeing a lot of investments, and this has been the case for more than a year now.

There are several reasons why this is the case, but one reason that stands out the country’s economic recovery. Ever since Greece go its economy back on track and paid off its debts, things began to look up for the coastal country once again.

The real estate market is not at its peak as it once was more than a decade ago or before the economic downturn, but it is looking quite encouraging. Investment experts are saying the right things about Greece’s property market and the projections are the sort of things that real estate investors are looking out for. The numbers are also fantastic at the moment, and the country is set to continue in the upward trend.

Investing in real estate in Greece was once an extremely profitable business before the economic crisis – the opportunities were up for grabs by anyone going into the construction of supermalls and high rises, or those who purchase beach houses and properties on islands across the countries coast. There are indications that the market is approaching that peak once again, however, the market is still favourable to those who are buying to rent and not to sell. If you are buying a property to resell in Greece, your best option may be to buy for the long term, as the reselling market is yet to catch up.

Another reason why investing in Greece in 2020 is the country's tourism is to experience a boom. The numbers of visitors in the country spiked last year – to property investors, this is big news. This also explains why buying property for a hospitality business is thriving. Tourists need a place to stay where they can enjoy the view and take amazing pictures with the sunset - Greece is packed with such properties.

As Greece continues to experience an upward trend in its economic indices, with a steady GDP growth since 2015 which is expected to hit higher than 2.2% in 2020, there will continue to be an influx of investment in the real estate market. And this is one of the reasons why investing in real estate in 20020 is a smart move.

According to Chris Papachristophorou, Founder and managing partner at Invel, “Greece is probably one of the very few real estate markets where you can see growth from both rent improvement and tightening yields,” Vlaho Kojakovic, head of property and tourism at the European Bank of Reconstruction and Development agrees with Chris by suggesting that “The outlook is positive with new investments, refurbishments and upgrades occurring in several cities,”

 “The economic recovery, coupled with structural reforms, is expected to attract more foreign investors,” Kojakovic adds. “In this context, EBRD aims to continue supporting the resurgence of the real estate sector.”

Another reliable way of investing in the real estate industry in Greece is by approaching the banks. They usually have a lot of assets that they are trying to let go of. “There’s still a lot of real estate in the form of NPLs, or in the form of assets on the balance sheets of banks,” says Francisco Milone, head of European real estate at alternative investment firm Värde Partners. He adds "Banks are not natural holders of real estate. Our strategy is to try to buy from those holders."

The government is also playing a huge role in encouraging real estate investors by reducing property tax and introducing other incentives.

If you planning to invest in real estate in Greece in 2020 and you need an experienced law firm to help you make all the necessary arrangements, then you should visit This law firm has a team of experienced lawyers who are dedicated to helping investors set up their businesses, as well as navigate the corporate laws of Greece.

Share with friends

Do you agree with this Blog? Agree 0% Disagree 0%
You need to be signed in to rate.

Tim World posted 27 February 2020

For a while I lived in Kyrgyzstan and noticed that many residents are eager to leave the country, including to Greece. Reading the news of Kyrgyzstan, it becomes clear why real estate in Greece is in demand with them. Thanks for the article, very informative.


leah melda posted 06 March 2020

Students who seek Online Sociology Paper Writing Services from a writing company are guaranteed of getting good grades for their Sociology Essay Writing Services  and  Sociology Essay Writing Help that are free from grammatical errors.


Joshua Price posted 10 March 2020

Thanks for taking this opportunity to discuss this, I feel fervently about this and I like learning about this subject. car window tinting


Lucie Charron posted 25 March 2020

That's a really informative post. My husband and I were thinking to go visit a couples house this summer but now with what's going on we are note sure anymore. Thanks from all our team for this article.


Liam Joshon posted 06 May 2020

Title insurance protects the seller and the buyer against claims from defects such as another person claiming an ownership interest, fraud, encroachments, forgery, improperly recorded documents, liens, easements, and other items that are specified in the insurance policy. You can visit this title insurance site for more information. Here we discuss everything in detail.


raymond weber posted 17 May 2020

Investing in Greece's real estate seems like a good idea, and I'll do it soon. I will invest in Park Place Residences, because I think renting out these places will bring in a lot of money. That's exactly what I want.


Faisal Bashir posted 18 May 2020

Thank you for recommending a nice article.Excellent and satisfactory post. It will beneficial for the real estate professional. Thanks for sharing one of these wonderful posts. It is extremely helpful for me.


Curtis Hendrix posted 14 June 2020

If you guys are planning on selling your house permanently, then you should definitely check this website out. It is called the selling your house cleveland and you can put countless ads on this website without having any difficulties. It is really convenient to use at the same time.


raymond weber posted 24 June 2020

The information here about ketogenic diet is going to benefit me massively, and I'm glad that you've mentioned this ดู หนัง ฟรี 2020 information here. I will make sure that I share this keto diet info with all my close friends.

Do NOT follow this link or you will be banned!