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Bulgarian & Greek properties blog

21st September 2017 3:32 PM

Greek property market on the way to highlights

Greece

   Thu, Sep 21st, 2017 @ 3:32:37 PM 

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The Greek property market has twice as many properties as people. This market is filled for tourism by foreign investors. Tourism is booming and has a positive impact on the property market.

Greek property market results of 2017 vs 2016 vs 2015

Following the bank of Greece, the sales of properties gave an inflow of capital of 61,7. If continued, at the end of the year 430 million euros will have been invested in Greek property.
=> 2016 => 270 million euros
=> 2015 => 186 million euros
Only 2007 knew a similar growth.

The sales started in the winter months.

Most popular were the apartments in Athens in the city center and in the suburbs.
Here the properties were sold via HomeAway, Airbnb, and Flip key.

The buyers were from Italy, France, Switzerland, Germany, and Scandinavian countries.

Where does the new interest for the Greek property market come from?

Rich Greeks return to the local Greek real estate as buyers. Earlier they moved abroad during the top of the crisis to buy property, especially in London. This return means also as much as an escape of complications because of Brexit, Trump, and ISIS.

Turkish of the kind of the educated 1% of the population flee away from the Erdogan regime. They overrun the real estate offices in Athens enjoying a visa-free stay for investments of over €250,000.

Locations of interest for Greek property market buyers

Cyclades

Santorini

Santorini

Santorini

Santorini is an island in the southern Aegean Sea, about 200 km (120 mi) southeast of Greece’s mainland. It is the largest island of a small, circular archipelago with the same name and is the remnant of a volcanic caldera. It is the southernmost member of the Cyclades island group. The area is about 73 km2 (28 sq mi) and the population 15,550 (2011). The municipality of Santorini includes the inhabited islands of Santorini and Therasia and the uninhabited islands of Nea Kameni, Palaia Kameni, Aspronisi, and Christiana. The total land area is 90.623 km2 (34.990 sq mi)

The properties go from around half a million euros to around € 1,600,000. Prices depend mainly on if there is a swimming pool or not.

View Greek properties in Santorini

 

Mykonos

Mykonos

Mykonos

Mykonos is a Greek island that is a part of the Cyclades. It llies between Tinos, Syros, Paros and Naxos. The size of the island is 85.5 square kilometres (33.0 sq mi). It rises to an elevation of 341 metres (1,119 feet) at its highest point. There are 10,134 inhabitants (2011 census). The majority lives in the largest town, Mykonos. Mykonos is on the west coast, also known as Chora.

Properties are mostly spacious villas often partly in the rocks, with swimming pool from around €750,000 to several million. New to several years old built and in prima condition. With great sea and mountain views often present in one property.

View Greek properties in Mykonos

 

East Macedonia and Thrace

Kavala

Kavala

Kavala

Kavala is a city on the Northern Greek Sea coast in the fourth regional unit fro the right. It is the principal seaport of eastern Macedonia and the capital of the Kavala regio. The area is 350.6 km².

It is situated on the Bay of Kavala, across from the island of Thasos and on the Egnatia motorway, a one-and-a-half-hour drive to Thessaloniki (160 kilometres (99 miles) west) and a forty-minute drive to Drama (37 km (23 miles) north) and Xanthi (56 km (35 miles) east).

The properties are mostly houses or apartments from €50,000 to several hundred thousands.

In the Kavala region we have properties for sale on Nea Iraklitsa, Nea Peramos, Kariani.View Greek properties in Kavala

 

Greece administrative

Greek Peripheries

Peripheries of Greece numberedBy Greek_Macedonia_map_with_subdivisions.svg: *Greece_2011_Periferiakes_Enotites.svg: Pitichinaccioderivative work: Philly boy92 (Greek_Macedonia_map_with_subdivisions.svg) [CC BY-SA 3.0], via Wikimedia Commons
No. Region Capital Population
1 Attica Athens 3,828,434
2 Central Greece Lamia 547,390
3 Central Macedonia Thessaloniki 1,882,108
4 Crete Heraklion 623,065
5 East Macedonia and Thrace Komotini 608,182
6 Epirus Ioannina 336,856
7 Ionian Islands Corfu 207,855
8 North Aegean Mytilene 199,231
9 Peloponnese Tripoli 577,903
10 South Aegean Ermoupoli 309,015
11 Thessaly Larissa 732,762
12 West Greece Patras 679,796
13 West Macedonia Kozani 283,689
No. Autonomous state Capital Population
(14) Mount Athos Karyes 1,830
 

[Source1], [Source2]

 

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