July 23, 2024

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Purchase of real estate by foreigners for the purpose of investment – first for Israelis

Purchase of real estate by foreigners for the purpose of investment – first for Israelis

It has developed into an investment destination Greek real estate market For foreign investors, the Israelis and Chinese are considered the most dynamic countries. According to a related research analysis conducted by its network of brokerage offices RE/MAX GreeceGreece’s safe situation continues to attract investors, with 50% of buyers purchasing a property in our country for the purpose of investment. For leisure/holiday purposes, 22% is purchased, while an additional 20% is purchased for home ownership.

Based on the relevant analysis, investors from Israel They occupy the first position in the Greek market, while the top three positions are completed by those from China And the Germany.

It should be noted that many of the investors coming from Germany are Greek expatriates. They are followed by investors from Bulgaria and Turkey, while European investors from Italy, France, the Netherlands and the United Kingdom are also making important moves.

As the company emphasizes in its analysis, “In recent years, a large proportion of foreign buyers have chosen to purchase residential property in our country either for tourism reasons or for permanent residence after their retirement.”

Israelis, Chinese and Germans are the most active foreign investors in the Greek housing market.

However, differences arise depending on the investment area. Specifically, in Attica buyers from China dominate, followed by buyers from Israel, followed by investors from France, Germany and the United Kingdom. Sales also came from countries in the Middle East, such as the United Arab Emirates, Iran and Syria, in addition to Turkey.

The Greek real estate market is an investment

In northern Greece, the “geography” of investors is different, with citizens from Germany, Bulgaria, Serbia and Turkey occupying the first positions. Accordingly, the English, Germans and Dutch showed a strong interest in purchasing in the Ionian Sea, while most investments in Crete were by Israel, Germany, England and France.

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Accordingly, the main countries of origin for investors in southern Greece were Israel, China, Germany and Lebanon.

According to RE/MAX data, one in three properties purchased are worth as low as €100,000, while 28% prefer properties worth between €200,000 and €300,000. Also, 27% choose properties with a value between 100,000 and 200,000 euros, while 12% prefer more expensive properties with a value of more than 300,000 euros.

Regarding property type, the most popular category at 46% is residences, followed by detached homes at 24%. Small apartments are preferred by 10% and plots of land by 15%.