Greece Today

The Positive Impact of Tourism on Greek Real Estate

Written by estia

Greece’s tourism industry has been thriving in recent years, and this has had a significant impact on the country’s real estate market. The increasing demand for holiday homes, investment properties, and luxury accommodations has driven growth and investment in popular and even not so popular tourist destinations.

Greece’s real estate market is experiencing a boom due to foreign buyers, who find the country’s improving economy and favorable venture opportunities appealing. The Greek government’s Golden Visa scheme that offers residency permits to non-EU citizens investing in property has also positively highly affected the market.

More than 90% of property purchases in Greece’s popular tourist destinations are made by foreign buyers, primarily from the UK, Germany, and Russia. The tourism industry accounted for 30% of all real estate transactions in Greece in 2017.

The demand for luxury accommodations in renown Greek islands such as Santorini, Mykonos, and Athens, has led to the development of high-end hotels, resorts, and urban & residential projects.

Investing in properties in Greece offers significant benefits such as high rental yields and capital appreciation potential. The demand for holiday homes in the Mediterranean haven is not only seasonal, providing investors with a year-round rental income.

With a focus on quality and innovation, Estia Developments’ properties are built to the highest standards, incorporating modern design and luxurious amenities. The company’s portfolio includes high-end apartments, villas, and residences in some of Greece’s most sought-after locations.

Estia Developments is one of the companies shaping luxurious lifestyles within their residential projects, providing an optimal living experience for its residents.

To learn more about Estia Developments, visit: ESTIADEVELOPMENTS.COM.

Estia Developments is a prime Real Estate Developer that creates properties of the highest quality matching every lifestyle for families and individuals in pursuit of their dream home in Greece!

INVEST IN GREECE & OWN YOUR FOREVER HOME Learn more about our projects on ESTIADEVELOPMENTS.COM or contact our experts: +30 2114112112