Why Now is the Perfect Time to Buy a House in Greece

No one needs to convince you of the attractive lifestyle in Greece, with its breathtaking beaches and picturesque villages. It is no surprise that so many people worldwide dream of owning a home on the Aegean Sea.

Still not convinced? Here are a few key reasons why this might be the perfect time to buy your dream home in Greece!

Four reasons to invest in real estate in Greece today

A recent report from real estate agencies shows that Greece has become a hotspot for foreign buyers. And now is a great time to buy property here. With the recent bailouts behind us, the country’s economy is slowly but surely changing for the better. Here are four reasons why foreign investors are setting their sights on Greek property:

1. The Golden Visa:  Greece offers a residence permit to anyone who invests more than 250,000 euros in real estate. This is the most affordable way to obtain a residence permit in the EU.

2. Record number of foreign tourists:  In 2017, Greece welcomed more than 30 million foreign visitors and by the end of 2018 this number is expected to rise to more than 32 million. This makes Greece a very popular holiday destination.

3. Low cost:  So far, property prices per square meter in Greece are lower than in other European countries. The market is currently at the bottom of the cycle, but is showing signs of growth. The Bank of Greece has reported house price increases for the second quarter in a row.

4. Positive changes in the economy:  Greece’s GDP is growing steadily; the third European support programme was successfully concluded in August. Current low property prices, together with strong demand, are providing attractive returns for investors. For example, the net yield on short-term rental of a renovated apartment in Athens is 5-7% per year, compared to 3% in most other European capitals. And property prices could increase by 20-30% in the next 2-3 years.

Greece has beautiful houses for sale

Every year, nearly 25 million tourists discover the charms of Greece, a country famous for its beautiful beaches and once an important centre of European civilisation. Traditional architecture and art reflect this rich history, resulting in a wealth of historical sites.

The property market in Greece also has some hidden gems to offer. For those considering buying a home in Greece, there is an excellent selection of different types, locations and price ranges available. Check out the homes for sale with Real Estate Greece here.