Greece: The Economist's country of the year for 2023!
As The Economist ranked the best and worst economic performers of 2023, with high economic growth, plunging debt-to-GDP ratio, an impressive stock market performance and narrow inflation range, Greece was at the top of the list AGAIN!
For the second year in a row, Greece has achieved remarkable results. With a GDP growth rate at 1.2%, Greece stands out among other countries for its sharp growth in the stock market, which rose by 43.8% from 2022 to 2023.
The combination of its astonishing scenery, coveted Mediterranean lifestyle, rich culture, political stability and bottom-out economy makes Greece extremely appealing for foreign investors to acquire Greek golden visa to move to Greece.
The Greece property market of Athens ranks 4th among numerous European cities in terms of how attractive it is as a destination. It was calculated based on the property purchase cost and the amount of rent, according to investment company ProfitLevel.
Foreign investors have been attracted to Greece, mainly due to the Greek golden visa Program, which offers residency to non-EU investors purchasing or renting property worth over €250,000 (the investment threshold will increase to €800,00 in entire Attica area and Thessaloniki on 1st Sep 2024).
The local housing demand is also very solid due to the country’s strong economic performance. The Greek economy is expected to grow nearly 2.5% in 2024, close to its pre-crisis size of 2009 and far outpacing the euro zone average of 0.8%.
Real estate experts remark that prices in Athens are at the start of a new upward cycle. Strong investment return is expected in the aftermath of Covid-19 and recession in previous decades.
Overall, most investors believe that Greek real estate market would continually strengthen and prices and rents still have much growth in the coming years.
Making a real-estate investment in a foreign country is never an easy thing. With our strong network and experienced partners, we can provide you with a turnkey solution, from pre-selecting ideal properties, completing the transaction of Greece property , fulfilling legal requirements for Greek golden visa to property management. Find out more!
Greece is an open European economy and access to investment opportunities has never been easier. However one needs to bridge the gap between Global and Local in order to reach true success, not mediocre returns. We will understand your requirements and tailor-make an investment proposal either in the real estate sector, in the renewables sector or other if deemed suitable.
Our parent company, Terra Karpos, is headquartered in Singapore, with rich experience in a wide range of investments in various sectors over the years. We have the local experience and the global exposure in order to understand what you need.
In Greece, we are a principal Greece property developer, debt-free and rapidly expanding. Leveraging our deep experience and wide network, we also provide consulting services for Greek golden visa and access to other investment options. Check out the new available projects!
Our strong local partners include well- recognized banks, experienced and well rooted accounting firms, civil engineers as well as law firms. We are ready to help you to customize your investment vehicle.
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