International Property Buyers Keen to Invest in Greece

Athens, Greece.

Property buyers from across the globe are keen to invest in Greece, setting their sights on permanent residences or holiday homes, according to the latest findings released by real estate company RE/MAX.

Data reveals that 49 percent purchase real estate as an investment, 22 percent for holiday purposes and 20 percent for residency. RE/MAX analysts attribute the strong demand to confidence in the Greek economy.

The top three markets are Israel, China and Germany, accounting for the bulk of property purchases. Other active markets include Bulgaria, Turkey Italy, France, the Netherlands and the UK.

Buyers aged 41 to 50 accounted for 37 percent of all property purchases, followed by 51- to 60-year-olds (36 percent), and seniors over 61 (16 percent).

According to data, one in three properties purchased cost up to 100,000 euros, 28 percent preferred properties valued at 200,000-300,000 euros; 27 percent chose real estate valued at 100,000-200,000 euros; and 12 percent chose to invest in properties worth more than 300,000 euros.

Photo source:pxhere.com.

Highest in demand are apartments (46 percent), followed by detached houses (24 percent), duplex homes (10 percent), and plots of land (15 percent).

According to RE/MAX experts, Chinese and Israeli investors prefer in Attica. Northern Greece is winning over buyers from Germany, Bulgaria, Serbia and Turkey. The Brits, Germans and Dutch are choosing to buy in the Ionian islands, while Crete is a favorite of investors from Israel, Germany, England and France.

Greece is among the most popular destinations in Europe to invest through its popular golden visa scheme.