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Property Market Profile

The real estate market in Greece has historically been fueled by foreign investors, particularly those from Russia and China.

However, the Greek financial crisis, which began in 2008, had a significant impact on the real estate market. Property values decreased, and many homeowners found themselves underwater on their mortgages. Despite this, Greece remains an attractive market for investors looking for a bargain.

The government has introduced a number of measures to encourage foreign investment in the real estate sector, such as granting residency permits to non-EU citizens who invest in Greek real estate. This has helped to revive the market to some extent.

In recent years, there has been a trend towards the revitalization of Athens' historic neighborhoods, which has led to an increase in demand for properties in these areas. Overall, while the Greek real estate market may be volatile, it continues to attract foreign investors seeking unique properties in a beautiful setting.

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