FDIs for Greek real estate exceed 6.5 bln€ since 2013

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.