10th May 2024
In 2024, Greece is set for a significant surge in investment, expected to rise by 15.1%, surpassing the 7.1% growth observed between 2022 and 2023, despite anticipated austerity measures in the state budget. This boost in investment is forecasted to drive overall economic growth to 3%.
Greece has experienced economic fluctuations but is now showing signs of recovery and growth. The Greek real estate market, which declined sharply during the crisis years, is experiencing a strong revival and attracting both domestic and foreign investors. In this article, we will delve into the benefits of investing in Greek property in 2024 and why it could be an attractive option for you.
Low Prices and High Returns
Investing in property in Greece offers the advantage of comparatively low prices, especially in coastal areas and islands, compared to other European countries. According to the Bank of Greece, the average price per square meter in Athens was €2,876 in August 2023, significantly lower than prices in Paris (€10,200), Berlin (€5,100), and Rome (€4,900). This means that investing in Greece provides more value for money and the potential for a higher quality of life.