F
oreign investment in Greek real estate continues its upward trend this year, with €1.9 billion invested in the first nine months, a 17% increase from the same period last year. This brings total foreign investments in property to a historic high of €2.1 billion for the year so far.
In contrast, foreign direct investments (FDI) have declined by 15% to €3.1 billion, continuing a downward trend seen over recent years. Real estate now accounts for 62% of total FDI, up from previous levels of 20-25%. This increased dependence on real estate is expected to change with the introduction of new regulations in 2025.
Market executives predict that foreign investment demand will decrease as restrictions on the Golden Visa and short-term rentals take effect. However, this may lead to a shift towards larger-scale investments in real estate development projects, such as residential, tourist, and logistics properties. These types of investments have greater economic value than individual property purchases but require more time to mature.
If current trends continue, there will be a significant decline in all FDI unless the negative course is reversed.
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