Prices for real estate in Greece will increase by 22% by the year 2020. Growth of GDP (by 0.4% per year) and increase of tourist flow by 40% by the year 2020 will contribute to it.
Experts of Financial Times recommend investing in hotel and rental realty of Greece too.
Number of construction projects in Greek capital skyrocketed.
(data of annual report on trends in the area of European real estate Emerging Trends in European Real Estate for 2018):
Investors to premium resort real estate of Greece will “have to queue” soon, as demand for it begins to be rather high. Anyone interested in investment in Greece at the moment shall consider hospitality sector as the best one with regard to profit.
Greek real estate market will be back to its peak condition in 4-7 years. It may cause growth of prices from 60% to 80% of current level.
Greek real estate in international investment ratings
In 2017 Greece ranked 4th in terms of popularity of queries among the foreign property buyers according to index TOP Hotspot TheMoveChannel.com (№1 internet portal worldwide where the largest listing of real estate items for purchase and investments is placed).
According to GOBankingRates data Greece ranked 15th in TOP 25 best countries for investments in residential property in 2018.
The IMF experts ranked Greek capital 13th out of the 42 largest cities in the world in terms of growth of prices for residential property in the report “Global Financial Stability Report April 2018 - A Bumpy Road Ahead”.
According to www.ekathimerini.com data indices of real estate market emphasize more attractive investment opportunities of Greece in comparison with other countries.