European buyers choose Greece among their favorite European countries to acquire a second home, leaving behind Mediterranean countries such as Spain and Italy.
Such conclusions were drawn from the recent report published by GreekCityTimes, reports SchengenVisaInfo.com.
In this regard, the CEO and Founder of Elxis – At Home in Greece, Giorgos Gavriilidis, pointed out that the demand from international buyers for a second home in the Hellenic Republic seems stable.
“Investor interest from countries such as the Netherlands, Germany and Belgium remains strong, focusing on Crete and the Ionian Islands,” Gravriilidis pointed out.
He pointed out that this was keeping prices high after inflationary pressure pushed up construction costs, “in a trend that is continuing this year”.
“We expect prices to grow by around 10% in 2022 despite the uncertain conditions,” Gravriilidis noted.
He added that “We are seeing a significant shift in quality as investors want to reduce risk, encouraged by Greece’s improving economic profile.”
According to him, an indication of this is that before the spread of the Coronavirus, in 2019, a typical three-bedroom villa on the Ionian coast would cost 265,000 euros, while the number rose to a total of 330,000 euros over the course of Last year.
Buyers view Hellenic Republic real estate as a safe place to make an investment with better prospects, according to Gravriilidis.
“Key infrastructure projects are improving accessibility in a market where prices are rising but still lower than elsewhere in Europe. As a result, investors expressed confidence in Greek real estate, which now rivals countries like Spain and Italy,” underlined the CEO of Elxis – At home in Greece.
A recent report published by Henley and Partners, in cooperation with Deep Knowledge Analytics, titled Best Investment Migration Real Estate Index, revealed that Greece, along with Spain, Montenegro, Portugal and Turkey, ranked in the top positions as the most favorable European destinations. for real estate investments for residency and citizenship rights.
The Best Investment Migration Real Estate Index was introduced to assess investment programs that offer international real estate investments as an effective route to residency rights as well as acquisition of citizenship.
In this index, Greece ranks sixth. The Hellenic Republic is also known for its Golden Visa program, which attracts a large number of people.
Apart from real estate investments, internationals are also interested in visiting Greece for tourism purposes. Recently, the country’s authorities announced that Greece will abolish all entry restrictions for travelers, from May 2, in order to welcome more tourists.