Known for its thriving arts scene, buzzing nightlife and ancient ruins, the capital city is an exciting and appealing place to live and work. It is a vibrant hub with a cosmopolitan community. A buzz of tourism comes through year-round, with an increasing community of nomads choosing to live and work in the city. The availability of centrally located property at competitive European rental adds to the appeal.
Thessaloniki is a wonderful place to live and work, with a high quality of life and relatively low cost of living. Some of the finest beaches in Greece are on the Halkidiki peninsula, which is just a short bus ride from Thessaloniki. The well-regarded University of Thessaloniki makes this area a popular destination for academics and brings a wonderful vibrancy to the city.
Benefits of investing in Greece
A straightforward buying process
No restrictions on foreign investment
A Golden Visa with purchases exceeding €250,000
High demand for rental accommodation in prime cities year round
Good rental returns in Euros.
Growing property market.
Long-term factors to consider
- The lack of available loans on property purchases provides a barrier to entry. If this changes, as it has done in other European countries, we can expect a sharp increase in property value.
- Efficient systems in place for property management, stabilising asset maintenance post investment.
- Greece offers great rental yields in prime cities and locations.
- Greece is a multinational country with a strong cultural backing.
All considered, it's easy to see why Greece is a hotspot for investment and why it might see a positive growth phase in years to come.
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