Slower realty investor inflow

Foreign existent property investments person recorded their archetypal diminution since 2015, as, according to Bank of Greece (BoG) data, superior inflows successful the archetypal fractional of this year amounted to 938.3 cardinal euros, which represents a 17.6% driblet connected past year (€1.14 billion).

Nevertheless, unlike successful the archetypal three months of the year, the second-quarter driblet was importantly smaller. In January-March overseas superior had shrunk 31.6% to €356.8 million, while successful the 2nd quarter, the yearly driblet was conscionable 6.5% to €581.5 cardinal (from €622 million).

From 2010 to 2024, the people of overseas investments successful realty has been steadily upward, with the objection of 2015, with the superior controls, and 2020, with the pandemic. Annual inflows started from conscionable €63 cardinal successful 2010, astatine the start of Greece’s indebtedness crisis, and reached a historical precocious of €2.75 cardinal past year.

However, contempt the diminution successful January-June, this year’s show is viewed positively, since it could beryllium overmuch higher, if we take into relationship the restrictions imposed connected the Golden Visa programme and short-term rentals, which person go important attractions for overseas buyers successful caller years. 

For example, during the January-July period, applications for residence permits done the Golden Visa programme continued to grounds an summation of 5.8% compared to the aforesaid play past year. 

Still, it should beryllium noted that this is chiefly attributed to the ample summation successful the archetypal two months of 2025, when applications accrued by 56% year-on-year, owed to the information that funny parties had until the extremity of February to formalize the acquisition and merchantability of spot and use for the licence under the erstwhile regime.

According to marketplace sources, request from overseas is focused connected the acquisition of a vacation location successful areas with little tourism and much affordable prices, oregon successful luxury constructions connected the Athenian Riviera, which transcend the minimum threshold of €800,000, so they are suitable some for concern and for a residence permit. Another source of request is the acquisition of serviced apartments successful various areas of Attica.