For the European market, the report unveils that although some European governments may increase the requirements of the Golden Visa program in an attempt to restore some normality to all the fluctuations of the European markets, in recent years there is still plenty of scope for potential buyers to obtain a residence permit.
Greece, Italy, Portugal, Spain and the United Kingdom, five countries that since last year have been points of interest for investors, either for the landscapes and life they offer, or for the stays they provide through the various programs.
The report on the Greek market states that real estate is usually in high demand in the period before summer, as investors continue to see our country as a good destination to buy real estate. Since the number of tourist visits is constantly increasing – the desire for both high-quality second homes and rental properties is increasing.
According to Kyriakos Xydis, Managing Director of Berkshire Hathaway HomeServices Athens Properties, the Greek real estate market was largely undervalued for many years, but in the last three to four years it has become an attraction for investors, which has pushed property prices towards the above. "In 2022, the average increase in property prices was around 12% and then in 2023 around 13%, but this does not seem to affect buyers, who still rate Greece highly and this is predicted to continue" he said characteristically.
The majority of potential buyers come mainly from countries such as Israel, Turkey, Bulgaria, the United Kingdom, France and the Netherlands.
