Greece is not only Mediterranean beaches and original cuisine with an emphasis on fresh local products. More and more people see investment potential in the country called the "cradle of civilization". Tourism revenues account for about 20% of Greece's GDP, and the tourist flow after a long pandemic and the restrictions caused by it is growing steadily.
In the first quarter of 2022, foreign investors invested a record €374 million in real estate in Greece. According to the Bank of Greece, Hellas received almost the same amount of investment three years ago in 2019 - before the pandemic and the crisis caused by it, the key tourism industry for the country.
A lot of real estate business investors have come to an agreement that the type of property they buy plays an important role in the ‘return of investment’ part of the investing game. Although not everyone looks at buying a property as an investment and it is actually a place to settle in, it still matters why, how, and where you buy a property. We are going to look at Larnaca property and what type you should consider investing in.
The high demand in the Cypriot real estate sector is in the process of being met with numerous high-value investments, with the Limassol district taking the lion’s share, the Real Estate Agents Registration Council said on Thursday.