Israelis are scouring the market of Thessaloniki for the rental of properties that will accommodate entire families, in the shadow of the war in Gaza.
In their effort, they have also activated the Jewish community of the northern Greek city, which is quick to help with whatever possibilities it has.
Many of them are willing to pay as much as they can to secure the property while not hesitating to sign leases even after two or three months.
High on the agenda are apartments available from short-term rental platforms like Airbnb, which are readily available.
Thessaloniki, due to its historical ties, is at the center, however strong demand also exists for Athens, with an emphasis on the Southern Suburbs but also areas outside the urban fabric.
It is indicative that a real estate agent last week closed a deal for two villas in the Saronida area for over six months, in the hope that by then a rudimentary calm will have been restored.
“After the flare-up in the Middle East, several Israelis rushed to seek safe haven in countries they consider friendly and not in danger of being the target of missile attacks”, notes owners associaitonPASYDA president Andreas Chiou to OT.
Cyprus, due to its proximity, is in first place, followed by Greece. These are two countries in which Israeli citizens feel safe due to the closer relationship that is developing between them.
Turkey, on the other hand, with President Erdoğan lashing out against Netanyahu’s tactics for escalating the war, is in a no-go zone.
In fact, some 24 hours ago Israel ordered its diplomats to leave Turkish territory.
High demand for Golden Visa as well
There is also great interest in buying a home through the “Golden Visa” program.
According to market information, real estate agencies in various cities of the country (apart from Athens and Thessaloniki, in Rhodes and Chania) receive forays from Israelis who want to buy real estate in Greece worth more than 250,000 euros, in order to have the right to permanent residence and free movement in Europe.
This is a stimulating injection into the Greek real estate market, which remains in the sights of international investors with anything newly built becoming unaffordable.
The Greek real estate market moves at reasonable prices and remains one of the cheapest markets in Europe in terms of price per sq.m. but also because of the stability that has been created in recent years.
Latest News
DM Dendias: We talk With Turkey But We Always Bring Up Their Unacceptable Positions
Second and last day of closely watched conference, entitled 'Metapolitefsi 1974-2024: 50 Years of Greek Foreign Policy', also included appearances by PM Mitsotakis, Ex-PM Tsipras and PASOK leader Nikos Androulakis, among others
Rhodes Airport Tops Fraport Greece’s Regional Airports in 2024 Performance
According to Fraport's data, more than 35 million passengers (specifically 35.2 million) were handled by Fraport-managed airports during the 11 months.
European Central Bank Cuts Interest Rates by 25 Basis Points
It is the fourth cut of interest rates by Europe’s central bank, a move expected by the markets and financial analysts leading to the rate settling at 3%.
Airbnb: New Measures Add €600 in Extra Costs for Property Owners
Property managers face an immediate administrative fine of 5,000 euros if access to the inspected property is denied or any of the specified requirements are not met.
Economist: Greece Included in the Best Performing Economies in 2024
Meanwhile, Northern European countries disappoint, with sluggish performances from the United Kingdom and Germany.
EasyJet Expands Its Routes from Athens
The airline’s two new routes will be to London Luton and Alicante and they will commence in summer 2025.
Capital Link Forum Highlights Greece’s Economic Resurgence; Honors BoG Gov Stournaras
Capital Link Hellenic Leadership Award recipient, Bank of Greece Gov. Yannis Stournaras, an ex-FinMin, was lauded for his pivotal role during Greece’s economic recovery
Tourist Spending in Greece Up by 14%, Visa Card Analysis Shows
Greece’s capital Athens emerged as the most popular destination, recording a 17% increase in transactions with Visa cards, surpassing even the cosmopolitan island of Mykonos.
Inflation in Greece Unchanged at 2.4% in Nov. 2024
The general consumer price index (CPI) posted a 0.4% decrease in November compared to the previous month
2024 Christmas Holidays: Extended Shop Hours Schedule
The 2024 Christmas Holidays extended shop hours schedule commences on Thursday, December 12 and runs until the end of the year.