Loading...
Market
Greece's Real Estate FDI to Exceed €2.5 Billion by End of 2024?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Bank of Greece official FDI statistics release
Story
Greece's Real Estate FDI Surges to 62% of Total, Reaching €1.9 Billion with 17% Increase
Dec 28, 2024, 10:05 AM
Foreign direct investment in Greece's real estate sector has surged, accounting for 62% of total FDI in the first nine months of 2024. According to data from the Bank of Greece, €1.9 billion was invested in real estate during this period, marking a 17% increase compared to the same period in 2023. Overall, FDI in Greece reached €3.1 billion, despite a 15% annual decline. The rise in real estate investments is largely attributed to the 'Golden Visa' program, which has seen changes that spurred a new wave of property purchases by non-EU citizens. These changes, effective from September 1, increased the minimum investment threshold to €800,000 in major areas and €400,000 elsewhere, prompting investors to secure properties before the new limits took effect. In 2023, total FDI inflows were €2 billion, setting a historic high for 2024. Last year, the total was €3.66 billion, while in 2022 it reached €6.43 billion.
View original story
Similar markets
Successfully released 25,000 properties • 25%
Plan abandoned • 25%
Released more than 25,000 properties • 25%
Released less than 25,000 properties • 25%
Increase by less than 5% • 25%
Increase by more than 15% • 25%
Increase by 10% to 15% • 25%
Increase by 5% to 10% • 25%
Moderate improvement • 25%
Deterioration • 25%
No change • 25%
Significant improvement • 25%
Only US deal completed • 25%
All deals completed • 25%
Only France deal completed • 25%
Only Israel deal completed • 25%
No Growth • 25%
Strong Growth • 25%
Moderate Growth • 25%
Weak Growth • 25%
Yes • 50%
No • 50%
Mostly negative • 25%
Mostly positive • 25%
Mixed opinions • 25%
Indifferent • 25%
Other impact • 25%
Increase in foreign investment • 25%
No significant change • 25%
Decrease in foreign investment • 25%