The Greek real estate market is one of the few international markets among EU member states. An international market means that most investors come from overseas. As a tourist destination, Greece is world-renowned for the unique scenery of its islands. With their unique geographical location, beautiful natural landscapes, and developed tourism resources, these islands have become favored by international investors. Even many Greeks dream of owning a house on an island.
Advantages of investing in Greek island properties:
A major tourism country with high rental yields
In 2017, Greece welcomed nearly 30 million (28.5 million) tourists, nearly three times the country's local population. According to the 16th Annual General Meeting of the Greek Tourism Confederation (SETE), it is expected that various data for the Greek tourism industry will set new records in 2018. Furthermore, data released by the Manpower Employment Organization (OAED) shows that for every 10 new jobs in Greece, 7 are related to tourism. The number of registered unemployed in Greece is on a downward trend, and it is estimated that the influx of tourists will drive retail growth by about 5% this year.
High number of international investors and active trading
According to data analysis from the Bank of Greece, the capital flowing into the Greek real estate market from overseas in 2017 alone is estimated to be as high as 500 million euros, with a 72% increase in capital flow in the first seven months compared to the same period last year. In addition, the booming shipping and tourism industries in Greece have led to a large influx of overseas capital into the Greek market. Business giants such as COSCO, Wanda, and Alibaba have entered the Greek market, promoting the continuous development of the Greek economy and attracting a large number of international investors.
Enjoying a unique geographical location with significant appreciation potential
The gradual recovery of the Greek economy and the booming tourism industry are driving investment in Greek real estate. With the improvement of the Greek economy, the future appreciation potential of Greek properties is immense. According to data, overseas investment in Greek real estate reached 270 million euros in 2017, an increase of 45.3% compared to 2015. In 2017, Greek property sales surged by 300% compared to 2016, with investors from China accounting for a growing proportion of total investors, ranking among the top.
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("Greece 2017 Real Estate Report" released, with impressive performance!)
The popularity of the Greek real estate market is becoming increasingly evident. In addition to hoping to obtain Greek Golden Visa status, investors are also very optimistic about the appreciation potential and return on investment of Greek properties. Using these properties for rental investment yields very considerable returns. Currently, purchasing Greek property also allows for three-generation immigration to obtain permanent residency in Greece, enjoying various benefits such as investment, education, and medical care.
Now is a time when the Greek immigration policy is relatively relaxed, and it is also a period with a shorter and faster processing cycle. The island properties launched by Worldway offer a 5-year leaseback with a 7% annual return, meaning investors can recover 35% of their profit in 5 years. This is equivalent to investing only 160,000 euros to immigrate three generations of a family to Greece and enjoy multiple benefits! Consultation Hotline: 400-138-2929.
