Greek Banks are finally putting their Non-Performing Loan years behind them and are now turning their full focus on their core business: lending.
Athens is the European capital with the lowest real estate sales prices and the highest returns.
It is no secret any more that real estate in Athens is booming – but this didn’t happen overnight.
Maria Louisa Eleftheriades has dual qualification to practice law in Greece and in the State of New York.
The most popular word in tourism literature and ads these days is ‘experience’ – and it is difficult to imagine a more unique experience than owning a house with a beautiful Church attached.
There is a silver lining to the pandemic period for Greece – the country has finally placed itself on the world’s investment map.
Some might say that real estate is real estate, but Athanasios Kikis, an attorney associated with the ‘Areio Pago’ – Greece’s Supreme Court – and founder of the Athanasios Kikis & Associates Law Office, urges potential investors to avail themselves of respected experts.
The real estate industry is deeply intertwined with the country's economy, tourism, consumer psychology, the sense of security, and the investment targeting of the global community at any given time in the country that has or creates investment opportunities.
Recognizing the key role of the real estate business, RE, in generating sustainable growth in the Greek economy, the American-Hellenic Chamber of Commerce initiated a new, ‘Real Estate and Development Committee,’ comprising professionals with a deep knowledge, broad understanding, and hands-on experience in handling key issues related to the development and operation of real estate assets in Greece.
Takeaways The Greek property market has entered a continuous development phase since 2017 Prices and demand continued to grow through the pandemic (2020-2021) Key market drivers show signals of further strengthening, creating expectations for further growth The Backdrop - Recent History of the Greek Property Market 1996-2008 - Development: The Greek property market developed, along with the country’s economic expansion.
Population aging is a major demographic trend and indications show that it will continue to grow during the decades to come.
Mainland Greece can claim the distinction of being one of the first large scale international tourist destinations, as evidence by the establishment in 1929 of the Greek National Tourism Organization (EOT).
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