Foreign buyers of Greek real estate have invested more than 6.5 billion euros over the past decade, with the biggest single bloc coming from Hong Kong.
According to figures released on Monday by the Bank of Greece (BoG), net foreign direct investments in Greece totaled 6.576 billion euros between 2013 until the first half of 2022. In terms of the first half of this year alone, FDIs in the real estate sector totaled 788 million euros, up 61 percent compared to the corresponding period of 2021.
Chinese investments, directly or via Hong Kong and Singapore, lead all others by a wide margin, at roughly 1.7 billion euros, while all European investments total two billion euros, or 34.5 percent of the total.
Investments in real estate emanating from Russia totaled 137 million euros, followed by Lebanon with 131 million euros. UAE and Turkish investments were in the 100-million-euro range.
Israeli investments were also noteworthy, reaching 164 million euros, and with an emphasis on properties for commercial exploitation.
Finally, purchases by US nationals, especially Greek-Americans, reached 288 million euros, deemed as very significant.
Latest News
Real Estate Insights: Athens’ Top Areas with the Highest Yields
In the first quarter of 2024, Korydallos in the Piraeus region and the burgeoning Attiki Square retain their top spots with impressive yields of 6.3%
ELSTAT: Inflation at 3.1% in April
Olive oil (63.7%), fruit (11.6%), fish (10.6%), and mineral water (12.5%) registered the highest increases annually
Greek Sunlight CEO Joins Industry Titans at Choose France Summit
At the heart of the "Choose France Summit" was the discussion surrounding the production of lead-acid and lithium-ion batteries, crucial for the green transition and storage of renewable energy.
Insights into Greece’s Real Estate Landscape; Consumer Expectations and Challenges
The study indicates that while 66% of Greeks find recent real estate price hikes concerning and liken them to a "bubble," over half (56%) still anticipate further increases.
Athens in Top 10 Best Value City Breaks
Every year, Post Office Travel Money compares the costs of short breaks in cities across Europe for UK holidaymakers
Athens Int’l Airport: Americans Lead Total Passenger Traffic in Q1
According to the data processed by AIA, the top 10 in foreign arrivals are dominated by Americans, followed by the British and Germans. Other top nationalities include Cypriots, Italians, French, Dutch, Israelis, Poles, and Turks.
Greek PM Mitsotakis and Turkish President Erdogan Meet in Ankara Today
No major developments are expected, as the key aim of the meetings between the two leaders is to maintain positive diplomatic relations, but Greece is always vigilant for any surprises from the Turkish leader.
New Athens Metro Line Hopes to Alleviate Heavy City Traffic
The massive project is expected to be completed in 2029
National Intelligence Agency DG to Accompany Greek PM to Ankara
Prime Minister Mitsotakis also gave an interview to Turkish newspaper Milliyet regarding his upcoming visit
Draft Bill Eyes Detection of Uninsured, Poorly-Maintained Vehicles in Greece
According to reports, at least half a million vehicles in Greece are uninsured, while the number of those without inspections is unknown