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The Greek Real Estate Market Is Still Attractive for Foreign Investors

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Foreign investors are waiting for the development of the Greek real estate market, but have not lost interest in it.

Foreign institutional investors are waiting for the development of the Greek real estate market, but have not lost interest in it. As market professionals stated at the seventh economic forum in Delphi, events in the geopolitical sphere will affect the situation, but it is not yet known what this impact will be.

According to Georgios Elekidis, director at Bain Capital Credit, the pandemic has not prevented the growth of the Greek real estate market. "The question now is how this geopolitical crisis will affect real estate, which is the biggest problem at the moment," he said.

An Executive General Manager and an Executive Committee member of Piraeus Bank, and Head of Real Estate, George Kormas, noted that "inflation leads to an increase in the cost of construction, but real estate is also a haven for investors even in wartime." He added that consumer demand will decrease as people's disposable income will decrease. The Ukrainian crisis will lead to some reduction in prices, and in some cases will prevent the formation of a "bubble".

The CEO of Q Real Estate Services George Mantzavinatos comments: "We are facing a wait-and-see attitude of investors due to a special military operation, but customer interest remains alive. I think as soon as a truce is reached, everything will change." He believes that Greek real estate continues to bring significant profits to foreign investors and that in the next few years the supply on the local market will increase significantly.

Mortgage. Banks will play a key role in the future of the real estate market. In 2021, the volume of new loans issued for the purchase of housing amounted to €900 million, compared with €3 billion in 2008, when the market reached its peak.

Ioannis Ganos, Director of Real Estate Management and Investment at Alpha Bank, states that "we are definitely on a growth path that has not been affected by the coronavirus, and we do not believe that it will be affected by the energy crisis." He points out that banks are now stable enough to issue new loans.

Investment opportunities in Greece:
Commercial property for 370 000 euro on Dodecanese, Greece
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Location: Old Town (Rhodos) Specifications: The house has been built in 14 century, due to its age has been announced Under State Guardianship Consists of 4 apartments, one studio on the ground-floor (40 sqm), two identical apartments that consist of two bedrooms, living room with kitchen, and shower room. The third apartment is divided into two...
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Commercial property for 1 100 000 euro in Athens, Greece
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There is provided for sale amultistoried building in the Municipality of Kallithea. The totalliving space is 460 sq.m. On the first floor there is a shop of 75 sq.m. On the second floor - 75 sq.m. that is used as a office. On the third and fourth floor there are two appartments with floor area 65 sq.m. each of them. On the fifth and sixth floor...
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For sale business of 3000rs in Rhodes island. The owners will be leaving the furniture with the sale.
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Commercial property for 420 000 euro in Athens, Greece
420 000 €
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This building is located in the suburb of Athens Ymittos. It consists of 2 floors, on the semi-basement floor there is a one-room appartment with the total floor area 30 sq.m. The first floor consists of one two-room appartment 67 sq.m. and two spaces 30 sq.m. and 20 sq.m. The second floor is divided on three equal appartments of 37 sq.m....
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Commercial property for 749 000 euro in Thessaloniki, Greece
749 000 €
Commercial property in Thessaloniki, Greece
660 sq.m
For sale shop in the Eastern part of the city with access to the main road . Corner store located very near from beautiful seafront, with area on the ground floor of 320 sq. m, has a huge storefront and basement of 340 sq.m. Currently rented seasonally.
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Hotel for 2 100 000 euro in Athens, Greece
2 100 000 €
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2415 sq.m
The hotel of 2.415 sq.m. is offered for sale. It consists of 48 double rooms with a balcony and a magnificent view of the the moment the hotel needsodom Development Company uses the latest innovative achievements of science and experience accumulated by generations of builders to create the most important projects. High quality and professional...
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Commercial property for 1 300 000 euro in Kavala, Greece
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3620 sq.m
A commercial building is for sale in the historical region of Kavala. The building was built in the early 20th century and has been characterized as an architectural monument. The building has an area of 3620 sqm and has previously operated as a tobacco warehouse. It consists of four floors and a basement, which can be used as a parking space ,...
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Commercial property for 7 500 000 euro in Thessaloniki, Greece
7 500 000 €
Commercial property in Thessaloniki, Greece
419 sq.m
For sale a commercial space of 419 sq.m. in the best part of Thessaloniki. Ground floor 284 sq.m. and first floor 135 sq.m. It is currently rented and operates as a café-bar. Rented for 9700 euros/month up until 2030.
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Hotel for 2 100 000 euro in Thessaloniki, Greece
2 100 000 €
Hotel in Thessaloniki, Greece
770 sq.m
For sale building of 770 the center of Thessaloniki (including the basement and communal spaces). It has 15 apartments(5 apartments and 10 studios).All apartments are fully furnished and equipped with electrical appliances, with individual gas heating, parking space, air conditioning, TV, washing machine, fridge, kitchenette, entrance camera,...
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Commercial property for 1 100 000 euro in Thessaloniki, Greece
1 100 000 €
Commercial property in Thessaloniki, Greece
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Property in excellent condition as over 300,000 euros have recently been invested in equipment. It has 2 levels, 468 sq.m. ground floor and 570 sq.m. basement. It has new air conditioning and ventilation systems in all areas. It is ready to operate for many uses without any additional expenses. There are security cameras, alarm, sound...
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Hotel for 630 000 euro in Athens, Greece
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Hotel in Athens, Greece
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For sale building of 340rs in Athens. The building has 4 semi-basement consists of one bedroom, living room, one kitchen, one bathroom. The ground floor consists of 2 bedrooms, 2 living rooms, 2 kitchens, 2 bathrooms. The first floor consists of 2 bedrooms, 2 living rooms, 2 kitchens, 2 bathrooms. The second floor consists of 2 bedrooms, living...
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Hotel for 770 000 euro in Athens, Greece
770 000 €
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For sale a building, with a total area of 419.20 sq.m. consisting of: Basement space of 119.95 sq.m., Ground floor apartment of 110.71 sq.m. with living-dining room, 1 bedroom & bathroom, apartment 40.67 sq.m. with kitchen, 2 bedrooms & WC. 1st floor apartment 113.01 sq.m. with living-dining room, kitchen, 2 bedrooms & bathroom 2stapartment34.86...
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Commercial property for 1 650 000 euro on Ionian Islands, Greece
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670 sq.m
Business for sale in Ipsos area.1 shop and an apartment on the seafront with a total area of 270 sq.m. and 8 rental apartments directly behind theng the summer season the store functions as a apartment is located above the store and has the following layout.- 3 bedrooms- Kitchen- Living room- Bathroom- Bathroom with bath- Stock8 rental...
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Commercial property for 350 000 euro in Pieria, Greece
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For sale a restaurant, cafe-bar in the coastal village of Pieria. The restaurant of 150 sq.m is built on a plot of 6.000sq.m. Close to it there are campings and wide sandy beaches. Price: 400.000 Euro.
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Hotel for 1 500 000 euro in Pieria, Greece
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For sale hotel of 2000rs on the Olympic Coast. The hotel has one level. The owners will be leaving the furniture with the sale.
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Commercial property for 850 000 euro in Pieria, Greece
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For sale business of 1650rs on the Olympic Coast. The owners will be leaving the furniture with the sale. A building is offered for sale, consisting of a total area of 1650 sq.m., are built on a plot of land of an area of 4.500 sq.m. The first floor consists of one space. The second floor consists of four offices. On the third floor there is a...
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Commercial property for 1 000 000 euro in Ioannina, Greece
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For sale business of 247rs in central Greece. The owners will be leaving the furniture with the sale.
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Hotel for 1 000 000 euro in Pieria, Greece
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Hotel for 450 000 euro on Kefalonia, Greece
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For sale hotel of 320rs in Ionian Islands. The hotel has 1 level. The ground floor consists of 12 bedrooms. There is air conditioning. The owners will be leaving the furniture with the sale. Extras included with the property: parking space, garden. For sale, a 320 sq.m mini-hotel located in Vathy on the island of Ithaka! The property consists of...
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Hotel for 1 400 000 euro in Pieria, Greece
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Source: Ekathimerini

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