The reason for the attention on Greek real estate is simple: it is primarily driven by its immigration policy. Among countries offering residency by investment, Greece requires the lowest capital, making it the primary focus for prospective immigrants. At the same time, the Greek economy is recovering, the real estate market has begun to rebound from its lows, and with the global CRS regulations becoming increasingly stringent, Greek real estate has rapidly become a market favorite. Purchasing property in Greece not only provides an overseas immigration status but also offers significant investment returns, serving as an important avenue for balancing asset allocation.
Relevant statistical data shows that among applicants who have obtained Greek residency, almost everyone holds at least two properties, with some applicants purchasing even more. Furthermore, in terms of property types, apartments and villas have become the primary choices.
Which Greek properties are the most popular?
The characteristics of properties in different regions of Greece are very distinct. Almost all applicants choose to purchase property in Athens, but buyers' choices vary significantly depending on the different areas of the city:
1. Investors
Applicants choosing to invest generally purchase properties in the city center, especially those near the Acropolis, which are very easy to rent out and offer substantial rental yields. Additionally, properties near the old airport in the south are equally popular. This area is set to be transformed into the largest integrated entertainment center in the south, and the surrounding land is highly valuable with significant appreciation potential, making it a popular choice.
2. Owner-occupiers
For those who also need to consider self-occupation, the traditional affluent northern suburbs are their top preference. However, this area is characterized by high demand and low supply, with a lack of available properties for sale; often, buyers want to purchase but simply cannot find suitable listings. Furthermore, some applicants with children's education needs prefer to buy in areas surrounding international schools to facilitate their children's schooling.