The huge crisis that hit the economies of almost all European countries and even Greece, also greatly affected the real estate market. First the economic crisis, then the pandemic and now the war in Ukraine and its aftermath, have led to a new balance with other rules, which change daily in the country.
People working in the real estate industry point out that foreign investors and international funds are showing great interest in Greece, despite the fact that the war in Ukraine and the high energy and construction costs have a negative impact on investment right now.
In fact, those working for the real estate market believe that Thessaloniki’s relevant market still has the opportunity to be lifted, especially when the covid-19 crisis is over. When it comes to nearby Chalkidiki – Thessaloniki’s most popular summer destination – it’s important to give both Greek and foreign investors the right motivation to acquire a holiday home in our country.
Konstantinos Tzaros, chairman of the Greek Brokers’ Association, Thessaloniki’s Brokers’ Association, and also co-founder of “Bee Real Estate”, one of the largest companies in the industry, believes that Thessaloniki – given that you can achieve a return on the property and its added value – and Greece in general, gives the most profitable investment compared to other similar cities in the world.
As he characteristically says: “this is the best time for someone who wants to be active in this area. The prices are affordable, the return on the property is given, the bureaucracy in the industry has been resolved, and the VAT number is issued in just one day. The only thing one needs to do is to turn to a local certified broker who can guide him on the steps that need to be taken”.
“In our country, the Golden Visa has been extremely popular,” says Tzaros, “mainly among investors from countries such as China, Russia, and Turkey and to a lesser extent in some countries in Africa and Asia. This is because a golden visa offers the cheapest package for real estate purchases (EUR 250,000), which includes a substantial offer package, including the investor’s right to of movement as a European citizen, with medical benefits and important benefits in education. In the last five or six years, we have seen a lot of activity in the real estate market from Israelis who also enjoy these privileges, as they can thus have an unlimited stay, unlike the three or six months that apply for any other visa. Of course, the Covid-19 pandemic slowed down these investments somewhat, but they are returning even stronger now due to the exchange rate of their currency. It must be noted that life is completely different in Tel Aviv”. “The Turks, on the other hand, who in the end did some investments after the growth spurt in the market, remains at a low share and has not affected the city’s market”.
Anyone interested can contact the following e-mail addresses:
bee-realestate.gr, omase.gr, mesitesthes.gr
