Information on investments in Greece
Why Greece?
Our company has identified the disadvantage in the Israeli real estate market that does not allow a citizen with the ability to invest in low amounts that do not require loans, pledges and liabilities for decades to come, to invest in buying income-producing properties and leverage his money in buying low-cost properties and a large profit. Therefore, it opened the possibility for the Israeli citizen to invest in attractive places that allow buying properties at affordable prices and with returns that cannot be found everywhere.
Getting to know Greece:
Greece (Hellenic Republic) is a country in southeastern Europe, located at the southern tip of the Balkans on the Mediterranean coast.
Greek borders: northern Bulgaria, Albania and North Macedonia, eastern Turkey and the Aegean Sea, western – Ionian Sea and southern Mediterranean Sea. The capital of Greece is Athens, and the second largest city is Thessaloniki. (Thessaloniki)
There are about 3,000 islands in Greece, the most prominent of which everyone knows (Rhodes, Crete, Mykonos, Zakynthos, Thasos, Andros, Lefkada, Karpathos, Kos, Paus, etc.)
80% of the territory of Greece is covered with mountains and hills, Greece in relation to its territory is the second most mountainous country in Europe after Switzerland.
Mount Olympus, which rises to a height of 2917 meters above sea level, is the highest point in Greece, the second highest mountain in Greece is the mountain known as Smolikas and is located north of the Zagori villages, part of the Pindos mountain range, in Greece there are a total of 38 mountains above a height of 2000 meters.
Greece has amazing ski resorts, and unlike what people think, Greece is not only suitable for the hot summer season but also for the cold seasons when you will be exposed to breathtaking views.
Greece has 16 international airports, the largest and most prominent airport in Greece is located in Athens and from there you can fly direct flights to many places in the world.
Population and tourism
The population in Greece is about 11.5 million people. The number of tourists who arrived in Greece in 2018 stands at about 33 million people, the highest number of tourists Greece has seen.
Thanks to the rising tourism industry in Greece, another 290,000 jobs have been opened, and the unemployment rate is falling. And the country has brought in over €21 billion since 2018 alone
Tourism that grows over the years by over 10% per year.
We expect that this amount will only increase, as new and spectacular areas are being discovered that attract a lot of tourism from all over the world.
33
Million tourists
11.5
Population 1 million
A look at real estate in Greece
When people think of the country Greece they can see it from two different angles
The first angle – amazing islands, breathtaking views, a tourism industry that rises over time, meaning – there is no smoke without fire – there must be something in Go.
The second angle – self-leverage by real estate investments in a region that is just developing.
So far you have read about Greece in the overall picture – let's see how real estate investors can make money from this data and double their percentage of return.
All this under favorable investment conditions and perhaps also in obtaining a "Golden Visa"
In the past two years, the real estate market in Greece has undergone a transformation, from a frozen market to a growing market that attracts many foreign investors. Due to the constant increase in the number of tourists who come to Greece every year and a large part of the tourists are looking to live Greece, feel it and not spend a lot of money on using expensive hotels and get a high quality of life. Therefore, after the hacking of sites – Airbnb and Booking – into the local market, and the fact that they are legal sites in Greece. Many investors benefit from these platforms in order to increase the monthly contract return. How does it work? Instead of buying a property, rent it to the established Greeks and bring in a fixed yield of only -8%. (Not bad at all compared to the Land of Israel, but you can still bring in more) Buy a property in attractive areas where most tourists use these platforms and not in a hotel. (We recommend using professionals living the real estate market in Greece) thus bringing in an average return between 19% and 12% depending on the location and region. In order to enjoy these percentages of return – there is no need for huge sums, usually these apartments cost a starting price of about 50,000 euros for a studio apartment that will bring you over 10% return per year.
