News

Why Now Is The Perfect Time To Buy Property In Greece

Date: 27.11.2018 / GreekCityTimes.com / Comments (0)

No one needs convincing of Greece’s seductive lifestyle, incredible beaches, and stunning villages, so it’s no wonder why so many people worldwide dream of owning property on the Aegean. And here are some key reasons why right now may be the perfect time to snap up your picturesque Greek home!

According to a report released last week by property brokers Tranio, Greece has become a very popular destination for foreign buyers and now is the best time for anyone wanting to purchase property in the country.

With Greece now exiting its final bailout and with the economy changing slowly for the better, Tranio gives four fab reasons why foreign investors look into Greek real estate:

-The golden visa: Greece grants a residence permit for those who buy real estate in Greece above €250,000 — this is the most inexpensive programme to get a residence permit in the EU.

-Record high number of foreign tourist arrivals: according to the Bank of Greece, more than 30 million overseas travellers visited the country in 2017 and over 32 million are expecting to make their way through by the end of 2018, making Greece a very popular holiday destination.

-Low cost: so far, the cost of the property per square metre in Greece is less than in other European capitals. Now the market is at the bottom of its cycle, but is beginning to grow: the Bank of Greece notes growth in residential property prices for the second quarter in a row.

– Positive changes in the economy: Greek GDP has been growing for the consecutive quarter; in August Greece successfully concluded the third programme of macro- nancial assistance.

“The current low real estate prices and high demand contribute to higher returns for investors. Thus, the net yield on the short-term rent of a renovated city-centre apartment in Athens is 5–7% per annum vs 3% in most European capitals. Moreover, there is potential for real estate prices to grow 20–30% over the next 2–3 years,” says the founder of Tranio, George Kachmazov.



http://greekcitytimes.com/2018/11/27/why-now-is-the-perfect-time-to-buy-property-in-greece/

Reviews & Comments


GPE360.com (GreekPropertyExchange.com) has relaunched as the top Greek real estate and property website portal dedicated to Greece and Cyprus’ industry. GPE360.com’s members include top real estate agents, realtors, individual sellers, FSBO, sale by owners, architects, developers, construction companies, lawyers, notaries and others that advertise residential (house, home, land, apartments, flats, villas, land, parcels and commercial listings for those looking to buy, sell and rent across all of the Hellenic Republic. GPE360.com is like the MLS database portal that is advertised in the top Greek diaspora and international markets around the world to those looking to invest - including Australia, the United States, Canada, United Kingdom, Germany, France, Spain, France, Europe, South Africa, Russia and everywhere else. Most foreigners start their home search in popular destinations like Mykonos, Chania, Crete, Athens, Thessaloniki, Cyclades, Santorini, Rhodes, Corfu, Ios, Lefkada and many more cities, prefectures and regions in Greece. GPE360.com has been featured in most Greek news media outlets and in some of the leading international publications in newspapers, magazines, websites, online news portals, television and radio. Notable publications featuring GPE360.com and its founder, Georgios Stroumboulis include the Wall Street Journal, G1 Brasil, India Today, Barron’s, El Mundo, Naftemporiki, Kerdos, Isotimia, Vradyni, Elefterotypia, Elefteros Typos, Imerisia, Ta Nea, Ethnos, Neos Kosmos, GreekReporter.com, PappasPost.com, Voria.gr, Parapolitika.gr, MetroGreece.gr, People Greece, NewsBeast.gr, Radio Neo Show, Antenna ANT1 Satellite TV, MEGA TV, Makedonia TV, Channel 9 (Το Α και το Ω των ακινήτων). GPE360.com is the only real estate website to have produced its own reality TV show called Hellenic Home Hunting (www.HellenicHomeHunting.com). Created, produced and edited by George Stroumboulis’ media company, BouliBrand (www.BouliBrand.com), this TV show caused an international media storm for controversy during the unstable economy period in Greece. Visit www.GPE360.com for the latest property listings and start your search, register for an account to sell or simply browse our news. Stay connected with us on Facebook (www.facebook.com/gpe360), Twitter (twitter.com/gpe360), LinkedIn (https://www.linkedin.com/company/greek-property-exchange-gpe-), YouTube (https://www.youtube.com/user/gpe360), and Instagram (www.instagram.com/gpe360/). Use the hashtag #GPE360 and #HellenicHomeHunting.



featured on the front page of

The Only TV Show Promoting
Greek Real Estate to the World!
WATCH FIRST SEASON