ΙΝ ATHENS THE SECOND HIGHEST RENTAL PROFIT IN EUROPE
Real Estate | June 2022
Real estate Athens

One more survey confirms the profitable trend of Real Estate in Greece in the area of foreign investments. This time, Greece was among the top positions in the survey of the European investment company ProfitLevel, according to which it takes 17 years to amortize the investment for an apartment purchased for rent in Athens, in contrast to other European countries, where the amortization period extends up to 42 years.

Athens and Valencia, Spain, are the two European cities with the lowest expected amortization period for an investment in a property that is subsequently used for rental purposes. The Mediterranean countries far outperformed other - equally - touristic cities in Europe, such as Dubrovnik, Croatia, where it takes about 42 (!) years to fully amortize a rental property investment. Ιn all, there is a significant advantage for the Mediterranean over the more central European countries, making it indisputably the most powerful investment attraction in Europe.

ProfitLevel proceeded to compare and evaluate the average purchase and rental apartment prices for 2021 according to the European Central Bank in 17 attractive European capitals, focusing on the Mediterranean and Central Europe. The survey was based on an assessment of factors such as high house price increase during the pandemic, demand for apartments for investment and local tax obligations, and fees. The data was cross-checked with other sources, such as Statista.com and Deloitte's analysis.

As shown in the table below, Greece continues to form a key pillar of investment policy in Europe and one of the most prevalent countries able to offer quality, competitive and advantageous options, even after the mitigation during the pandemic.

 

Athens

 

Related Articles

According to a CNN - Greece article published in 28.05.2023, Greece ranks fifth (5th) among the top destinations for buying properties as investments, as indicated by Knight Frank's ranking of Real Estate Investment trends.
Real Estate | May 2023

As a regular attendee at the prestigious MIPIM conference in Cannes, I once again found myself in the midst of a dynamic gathering of key players in the international real estate industry.

Real Estate | April 2023

Georgaki and Partners Law Firm, a leading legal and consulting company with expertise in property investments in Greece, will be attending the 32nd MIPIM 2023, an annual exhibition that has been taking place annually since 1990, on the 14-17 March that will inclu

Real Estate | February 2023

The Government Gazette(in Greek FEK) published the decision A.1043/2022, according to which the servi

Real Estate | January 2023

Instant Offices, one of the largest companies in the field of commercial real estate management and specifically the provision of offices and business premises for rent or purchase, based in London, ranks Thessaloniki among the three best cities in the world to be a digital citizen in 2022.

Real Estate | October 2022

More and more foreign investors are currently proceeding to significant investment activities of residential interest.

Real Estate | August 2022

The preference of interested parties for medium-term leases has been on dynamic rise lately, especially in the major urban centers of Athens and Thessaloniki.

Real Estate | June 2022

In a report, the Bank of Greece praises the positive development of the Greek real estate market and the maintenance of its high standards, despite the critical changes in the status quo of the international scene.

Real Estate | April 2022

According to research by «Engel & Vοlkers Greece», a real estate agency with established global presence, the Real Estate Market is constantly and dynamically growing since 2021.

Real Estate | February 2022

  The Ministries of Finance and Environment offer a new essential assistance to vendees and property owners.

Real Estate | February 2022

The real estate market in Chalkidiki is starting off on an inclining course, following a relatively “idle” period due to Covid-19 pandemic. The numbers for 2021 were increased in comparison to 2020, whereas the demand in various areas exceeded pro-Covid rates.

Real Estate | February 2022

According to a report issued by the National Bank of Greece on Monetary Policy, the bank institute asserts that the development of the real estate market in Greece will continue independently of any impediments which have emerged at the domestic market.

Real Estate | January 2022

Greek properties are demonstrating a steadily ascending course based on statistical records from the third trimester of 2021, regarding both property and rental prices.

Real Estate | December 2021

Despite the challenging social and financial landscape and the impediments emerging from the pandemic crisis, the Greek property market seems to be rapidly rebounding.

Real Estate | October 2021

The pandemic, fortunately, did not have a negative effect on Real Estate sector in Greece, which is proven by the incredibly encouraging and promising statistical records for the first semester of 2021.

Real Estate | October 2021

Prokopis Chatzinikolaou

Real Estate | June 2021

The investment interest towards luxurious and high-quality holiday residencies remains substantial in Greece, even during the pandemic.

Real Estate | May 2021

The price range in Greek property market has shown interesting fluctuations from 2011 to 2020.

Real Estate | May 2021

In the context of the new scheme “Economize - Autonomize” and the yearly budget of Ministry of Environment and Energy for the year 2021, a total budget of 1 billion euro is about to be disposed for energy upgrade of 80.000 buildings.

Real Estate | March 2021

 

 

 

 

Real Estate | March 2021

Following a year of depress due to the pandemic, Russian investors are expected to operate again within the Greek Real Estate Market during 2021, for acquisition of Residential and Tourist Properties.

Real Estate | March 2021

Following a decision by the administrator of AADE (Independent Authority of Public Revenues) Georgios Pitsilis, the following deadlines are extended until January 2021:

Real Estate | December 2020
How Can We Help You