Global Market Guide (Video): Greece
Greece, home to The Parthenon and other well-known ancient ruins, is a country rich in culture and history. Although there has been an increasing demand for properties in Athens, buyers are reluctant to purchase luxury homes due to the country’s economic uncertainty. After a nearly 7-year long debt crises, the country has recently begun to recover from its past hardships and, earlier this year organized an effort to sell most of its debt, but its recovery is contingent on buyer interest. In this month’s Global Market Guide, we take an inside look at the high end of the real estate in Greece to learn more about the current state of the market and the future of luxury real estate in the area.
With very little possibility of “Grexit” and a plan in place to restore the economy, the future of the luxury market in Greece looks promising. Recently the area has seen an influx of buyers from the United Kingdom, Russia, and Turkey, partially due to the new investor visa programme, which offers affordable real estate investment in exchange for permanent residency in Europe.
This video was filmed at the 2017 Leading Real Estate Companies of the World® Global Symposium, an annual conference organized to bring together our global members and gain insights into the global market place.
Special thanks to our member JK Property & Yachting for providing their insights about the luxury real estate market in Greece.
For more information on properties in Greece, browse here.