Archive for April 13, 2020

Tourism Record

Greek travel and tourism receipts jumped 12.8% last year to a record €18.15 billion, according to the latest Bank of Greece data. The figures also show a 4.1% increase in tourist arrivals last year, driven mainly by rising numbers of visitors from fellow European Union member countries.

Property Prices in Greece, annual report

Prices for Greek residential properties rose 7.2% in 2019 – compared with a 1.8% increase in 2018 – confirming that the price recovery in Greek real estate is accelerating. According to data by the Bank of Greece, prices for residential property rose 7.5% in the fourth quarter last year

Real Estate FDI

Individual foreign investment in Greek real estate has increased sharply, more than tripling in the past three years. According to the latest annual report by the Greek Central Bank, net Foreign Direct Investment in Greek property rose to €1.45 billion in 2019, up from €1.13 billion 2018 and €414.7 million in 2017.