Why invest in Greek real estate

In recent years, owning houses and land in Greece has proven to be an excellent investment opportunity. Properties on the popular holiday islands of Corfu, Rhodes, Crete and the Peloponnese are particularly lucrative. There are different types of real estate investments. In principle, a distinction is made between three types of real estate investments:

• Vacation rental: free accommodation for family and friends with stable property value; earning additional income (eg by renting out through Airbnb); increasing property value (if property value increases faster than inflation).
• Commercial use: private holiday home, guest house, Bed & Breakfast, offices, shop.
• Capital investment: the purchase has a pure investment purpose. For example, earning a regular income. Many people buy a house in Greece to have a regular income available after retirement.

1. How do we see the real estate market in Greece evolving?

Greece has proven to be one of the most popular destinations for Europeans looking for a holiday home, a place to retire or a property investment in recent years. Since the financial crisis, house prices in Greece have also fallen by 40%. You can really get value for money when buying a house in Greece. A villa with a pool is very affordable in Greece, especially when compared to countries such as Spain or Italy. The demand for houses for sale on the islands and in the countryside is increasing every year.

2. What makes Greece such a popular real estate hotspot compared to other countries?

• The climate. Mild winters with no dangerous road conditions, no icy fog or black ice, and summers without rain. Not to mention the clear blue skies (with an average of 310 days of sunshine per year), spectacular sunrises and sunsets, and dazzling nights with stars and moonlight. Major reasons to buy a house in Greece.
• The varied landscape and the surroundings.Beautiful beaches, impressive cliffs, hidden caves, ancient places, picturesque and literally untouched villages with character and tradition. The warmth and hospitality of the Greeks is also unprecedented.
• The cost of living. Studies show that the cost of living in Greece (outside of Athens) is about 30% lower than northern European countries. In addition to the lower cost of living, the buyer will be surprised at how cheap prime real estate is in Greece. Buying a house in Greece can therefore bring you many advantages.

3. Which other destinations do we consider as competitors?

Italy, France, Spain and Portugal are often expensive, too crowded and too touristy; Turkey is politically unsettled and will remain so for a number of years; Malta is too small and Florida is too far. Cyprus is the only competitor, the same type of people, Greek, the same culture, the same climate, although more expensive and a bit further away. Buying a house in Greece is therefore a lucrative investment.

4. The advantages of buying a house with Makelaardij Greece compared to other agents?

Impeccable and personalized service! Our clients do not have to worry about paperwork and bureaucracy, whether it concerns tax, legal or financial advice. The only thing you have to worry about is choosing your dream home in Greece. Furthermore, the relationship with our clients does not end with the signing of the purchase contract. In case of any problems that may arise due to cultural changes, the education of your children, questions about accounting or taxes: you can always call us.

We make sure Greece becomes your home.