Even as Greece’s summer tourist crowds thin, tourism investors are flocking to Athens to discuss opportunities in the country’s hotels, resorts and marinas.
In October, the Greek capital was the site of two major global conferences – on Mediterranean resorts and hotels, and on marinas confirming the growing interest in Greek tourism properties.
Greece has seen five record years of tourist arrivals and is expected to welcome more than 30 million visitors in 2018. And, according to a recent joint opinion poll by real estate platform Continue reading »
Greece’s special Golden Visa investment and residen- cy program has soared since the start of the year, reflecting growing investor confidence in the country after it successfully exited its third financial support program this summer.According to recent data, 3,154 residency permits have been issued under the program through the end of July – more than all of 2017 combined – making Greece’s Golden Visa initiative among the most popu- lar such programs in Europe. Applications are up 40% from a year ago and Enterprise Greece has been helping to promote the program, most recently with its participation at the International Citizenship Investment Property Fair in Cairo.
Launched in 2013 during the depth of Greece’s economic crisis, the Golden Visa program has come to prominence in the past two years amid waves of new investors from China, Russia and Turkey, among other places. Drawn by Greece’s growth prospects, political stability, quality of life and attractive asset prices, the Golden Visa has surpassed other investment and residency schemes in countries like Cyprus or Portugal.
The program grants a permanent residence permit – and access to 26 Schengen-area countries to individuals and their families who invest a minimum of €250,000 in fixed assets, such as real estate, in Greece. The program was recently amended to include investments of €400,000 or more in liquid financial assets as well. Golden Visa permit holders have invested an estimated €1.5 billion in Greek assets so far.
sourceenterprice greece
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Greek think tank IOBE sees economic growth accelerating to 2.1% this year from an estimated 1.3% rate in 2017. The estimate is broadly in line with the official Greek government and Europe- an Commission forecasts, both of which see GDP growing at a 2.5% rate this year. Greece’s revised 2017 GDP data is due to be released in early March.
Tesla Greece
Leading U.S. electric automobile manufacturer Tesla is setting up an R&D facility in Greece to tap local scientific expertise in electric motor technology. The facility is expected to employ Continue reading »
A relaxing way of life with personalised services.
The Porto Heli experience is living close to nature and enjoying the culture of the eastern Peloponnese. An authentic Greek lifestyle where a magical sea and amazing setting offer pleasures day and night, from a morning swim in sparkling waters to dining on your veranda under clear skies. The beauty of spending a summer holiday in a private residence in Porto Heli is feeling at home.
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Your concierge will meet you at point of arrival and assist you with Continue reading »
The U.S. State Department has included Greece in its top category of safe destinations for American travelers to visit under its newly created travel advisory system. U.S. Ambassador to Greece Geoffrey Pyatt said on Twitter: “I’m looking forward to seeing even more American tourists here in Greece in the year ahead.”
Tourism in the Peloponnese is gaining momentum, which is driven by the area’s upgraded infrastructure, the development of thematic travel products and promotional activities run by regional authorities.
Kalamata City, Photo: mythicalpeloponnese.gr
Ermionida, Argolis Photo: G.Ktizein
More specifically, the area was recently included among the 50 best places to travel in 2018 by the Travel+Leisure Magazine, along with Buenos Aires in Argentina, Marrakesh in Morocco and the Fiji Islands. Continue reading »
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In 2017 tourist arrivals are expected to hit a new record high and tourism receipts to recover from last year’s decline , as Greece is considered to be a safer destination compared to its neighbouring peers and is offering high quality hospitality. (Chart 17).
According to the latest Bank of Greece data , tourist arrivals (excluding cruises) in the first eight months of 2017 increased by 9.9% yoy, compared to an increase of just 1.3% in the same period of 2016, while travel rece ipts increased by 9.1%, compared to a sharp drop by – 9.1 % in the first eight months of 2016.
Especially in August 2017 , tourism receipts increased by 16.4 % yoy (from – 13.0 % yoy in August 2016 ) and arrivals by 14.3 % yoy (from +1 .8% in 2016 ). In August alone, foreign visitor arrivals reached 5.8 million – the highest number ever for this month (Chart 18).
According to Greek Tourism Confederation estimates (May 2017), in 2017 tourist arrivals (including cruises) are expected to reach approximately 28.5 million and receipts to increase by 7.5% yoy. In addition, according to the World Travel and Tourism Council, the total contribution of tourism to GDP in 2017 is expected to increase by 6.9% to approximately 20%.
Foreign demand for Greek real estate is soaring as overseas investors are drawn by attractive asset prices and amid signs the Greek real estate market has bottomed out after years of decline. Data show that foreign investment in Greek property has more than doubled since last year to well over €1 billion euros, while property-linked residency visas issued under Greece’s Golden Visa program are up by a third and recently surpassed 2,000 in total. The vast majority of foreigners are buying properties in and around Athens, say industry sources, with investors coming from China, Turkey, Russia, Israel, Egypt, Lebanon and the United Arab Emirates. After falling by as much as 50% from their pre-crisis peak, Greek property prices have now stabilized, data show.
Greek tourism is set for another record
year in 2017 with the country on track to welcome 30 million visitors. In the last three years, Greece has seen a sharp increase in investment in its tourism industry, which accounts for roughly a sixth of the economy and last year brought in more than €13 billion in
revenue.
Over the next three to five years, more
than €4 billion are expected to be invested in approximately 200 tourism related projects around the country. “For 2017, the first signs of the market are positive,” according to a recent National Bank of Greece report, which estimates that the country needs some €22 billion in tourism-related investments over the next
five years.
TARGETED TOURISM INVESTMENT COULD INCREASE RECEIPTS BY 40% OVER 5 YEARS
Αναδημοσιεύουμε από την εφημερίδα “Ενημέρωση Πελοποννήσου”
Έρευνα: Κώστας Πρώιμος
Με αιτία και αφορμή την απερχόμενη τουριστική σεζόν καταγράψαμε τον απολογισμό της, μέσω των συνομιλιών μας, με τέσσερις γνωστούς επιχειρηματίες, που δραστηριοποιούνται στην Ερμιόνη και το Πόρτο – Χέλι.
Το κύριο εξαγόμενο συμπέρασμα της ακόλουθης έρευνας, αποτελεί η διαπίστωση πως η «Τουριστική» Ερμιονίδα, παρά τις σοβαρές ελλείψεις σε αναπτυξιακές υποδομές, καταφέρνει μέσω παρατεταμένης ύφεσης να επιβιώνει, χάριν πρωτίστως στο φυσικό της κάλλος και τις ιδιαιτερότητές της, που την καθιστούν θελκτική, σε όσους την επισκέπτονται είτε συστηματικά, είτε για πρώτη φορά…
Πάντως, εν όψει κοσμογονικών εξελίξεων, στο γεωπολιτικό χάρτη και τα διεθνή οικονομικά συστήματα, ο έμπειρος επιχειρηματίας κ. Παναγιώτης Γούτος, «κρούει τον κώδωνα του κινδύνου», ισχυριζόμενος πως είναι επιτακτική ανάγκη, η δημιουργία ενός ενιαίου Τουριστικού φορέα προώθησης και προβολής της Ερμιονίδας, αλλά και των γειτονικών νησιών Σπετσών και Ύδρας… συνθέτοντας ένα «μαγικό» τουριστικό τρίγωνο…
Παναγιώτης Γούτος- (GODAI): «Η εφετινή χρονιά για την επιχείρησή μας που αποτελεί και μια καινούρια επένδυση στην περιοχή, μπορώ να πω ότι ήταν καλή και φαίνεται πλέον ότι «πατάμε» γερά για τρίτη συνεχόμενη σεζόν, χάριν στην επιμονή μας για ποιότητα και παροχή υψηλών υπηρεσιών… Θέλω όμως να επισημάνω πως, κανένα GODAI ή άλλη τουριστική μονάδα, δεν μπορούν από μόνες τους να σηματοδοτήσουν την περαιτέρω ανάκαμψη της περιοχής μας. Καθώς δεν υπάρχουν υποδομές προς αυτή την κατεύθυνση, ούτε και οργανωμένο marketing από τους καθ΄ ύλιν αρμοδίους… Continue reading »
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