Greek Property and Tourism Market Spur Investor Interest

Greece’s property market backed by growing tourism flows are drawing in investor interest offering scope for large projects and high profits, said  Secretary General for Tourism Policy George Tziallas speaking to real estate professionals in Paris, last week.

George Tziallas

Addressing a Paris event titled, “Property Investment Opportunities in Greece –  The Right Moment”, organized by the Greek-French Chamber of Commerce and Industry in collaboration with Enterprise Greece, Tziallas referred to a special interest tourism law passed last year which has facilitated investment activity in a wide range of lucrative areas such as yachting, heath and wellness, sport tourism and MICE.

Earlier this year, Greece was ranked 7th among the top 10 European countries attracting the interest of investors seeking to tap into the hospitality market, according to a survey released by property brokers Tranio.

Over the 2015-2018 period, Greek tourism marked a 38 percent increase, said Tziallas, adding that a continuous record of arrivals and revenues has made Greece a particularly attractive option for new tourism investment projects.

Tziallas said creating investor interest was at the top of the tourism ministry agenda with the aim to further extend the tourism season through the creation of high-end tourism projects that will create added value, upgrade the quality of offerings, create new jobs and establish Greece as a top global destination.

Athens © GTP

In this direction, Tziallas said, the ministry was continuing its promotional drive presenting opportunities in the property and tourism sectors at events and conferences worldwide.

On the sidelines of the event, Tziallas held meetings with real state market executives, investors and innovators.