Investors Eye Greek Tourism And Property Markets

Date: 28.05.2019 / By Phil Butler / / Comments (0)

Growing tourism and other factors spurring Greece’s economy have now attracted investor interest in large projects with high-profit potential, according to Secretary-General for Tourism Policy George Tziallas speaking to real estate professionals in Paris, last week.

At a Paris event, “Property Investment Opportunities in Greece – The Right Moment”, Tziallas brought up a special interest tourism law passed last year which facilitated investment activity in a wide range of lucrative areas such as yachting, health, and wellness, sports tourism and MICE. The video interview with MySweet’Immo below is from May 23rd and a discussion about these subjects.

Greece was ranked 7th among the top 10 European countries attracting the interest of investors seeking to tap into the hospitality market, according to a survey released by property brokers Tranio earlier this year.

Over the 2015-2018 period, Greek tourism marked a 38 percent increase, said Tziallas, adding that a continuous record of arrivals and revenues has made Greece a particularly attractive option for new tourism investment projects.

Minister Tziallas also pointed out that spurring more investor interest was at the top of the tourism ministry agenda. According to him, key goals for the coming months will be to extend the tourism season through the creation of high-end tourism projects that will create added value, upgrade the quality of offerings, create new jobs and establish Greece as a top global destination.

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