news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

After August 31, Greece will usher in a second wave of price increases.

This adjustment will not only significantly increase the investment threshold, but also make the restrictions more stringent. There are four main changes:

① In Attica, Thessaloniki, Mykonos, Santorini and islands with a population of more than 3,100 people, the price has increased to 800,000 euros, and in other remote areas, the price has increased to 400,000 euros, and the area must be more than 120 square meters;

② For buildings converted from commercial use (offices, shops, etc.) to residential use, the minimum investment amount remains €250,000 regardless of the location and size of the property;

③ The minimum investment amount for a listed building to be restored or rebuilt or the part of a listed building is also €250,000.

④ Golden Residence Properties shall not be used for short-term rental operations to ensure the long-term residence of buyers and the stable appreciation of the properties.

There are actually two deep-seated reasons behind this rise in housing prices.

First, the high investment enthusiasm of Chinese buyers has led to an imbalance between supply and demand in the Greek real estate market, driving up house prices and rental levels. In order to curb this irrational investment boom, the government has had to raise the investment threshold to reduce overheated market demand.