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

 

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