Why I am looking towards Greece - and I advise you to take a closer look: personally, with figures and a little bit of spice.
I have been in the property industry for a long time. I have seen different markets, different economies, different buyers. But when people ask me why I am increasingly looking towards Greece, I answer simply: this country is like a ripe peach. Sunny, tasty, real, you don't just want to buy it - you want to live in it.
However, romance is romance, and investors are not tourists. So I dug deeper. I looked at the economy, the market, prices and opportunities. And this is what came out of it:
Greece 2025: the economy has come to life, but not without a catch.
Over the past three years, Greece has pulled itself out of the mire. In 2023, GDP grew by 2.0%, and in 2024 it is expected to grow by 2.1%. This is higher than the eurozone average. But let's not forget: the economy has not yet returned to 2007 levels.
Simply put: the country has grown, but it has not yet reached its full potential. This is both an opportunity and a risk, depending on how you look at it.
Real estate market: alive, kicking and not yet overheated. Prices are rising, demand is high, especially in Athens, Crete and the Halkidiki. If you are an investor, this is a plus. If you dream of owning your own home by the sea, this is not Spain yet, but it is certainly not Bulgaria. According to the Mouzenidis Group, a square in the centre of Athens starts from €2,300/m², in Crete - €1,800-2,200/m², and in Halkidiki you can still find something interesting from €1,400/m².
The tourist attraction is doing its job - rents are working, especially during the season. Unemployment is falling, but the scars remain.The unemployment rate is 9.4% (December 2024). This is the lowest rate in 15 years, but still high for the EU. Young people and women are the main victims. How does this affect investors? The direct answer is that it is not a threat, but a signal that the reform is still ongoing.
Inflation: better than it could be 3% in 2024 is a perfectly acceptable level. The forecast for 2025 is 2.4%. But household expenses are growing. If you are considering a move, be prepared to pay more for food, utilities and services than it seems at first glance.
Debt is decreasing, which means the country is becoming more interesting for investors
Public debt in 2024 - 153.1% of GDP. Does it sound scary? Yes, it does. But a few years ago, it was over 200%. The dynamics are positive, and this is what long-term investors appreciate.
Tourism is not just an industry, but an engine
22 billion euros in tourism revenue in 2024. This is an insane figure. People love Greece, they come here, they leave money - and you can be the one who rents them accommodation.
"The Golden Visa" is a bonus, but not the basis.
The programme gives you a residence permit for 250,000 euros of real estate investment. Yes, it is convenient. Yes, it is profitable. But to be honest, I would advise you to look beyond the piece of paper. Living in Greece is not about a residence permit. It's about the sun, delicious food, sincere people and a leisurely life that heals the nervous system better than any coach.
Why I choose Greece - not just the numbers. I am not just attracted to the market. I'm attracted to Greece for its own sake. It is warm. It is real. It smiles. I'm not looking for just an ‘investment with ROI. I am looking for a place where I want to be. And Greece is exactly that.
That's why I work with Greek property. That's why I help my clients find their home, second home or a start for a residence permit here. Because this country knows how to open the heart.
If you also want to be closer to the sea, closer to the sun, and closer to authenticity, write to me. We will find not only a property, but also a new rhythm of life.
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