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Orilina Properties REIC

December 3, 2024 | Admin | international_slider

Recent trends in investments in Greece reflect a robust recovery and growing investor confidence despite global economic uncertainties. Foreign direct investment (FDI) has surged significantly, increasing by 62% over the last three years. From an annual average of USD 4.15
billion during 2017–2019 to a total of USD 6.7 billion in 2021–2023. In 2022. These investments are largely directed toward real estate, energy, and infrastructure projects.

In the real estate market, FDI is triggered by the Golden Visa program which has attracted buyers from China, the Middle East, and Russia, with recent interest also coming from US and European investors. Despite rising thresholds and property size restrictions imposed by the
government, investor interest is still high. In addition, Greece’s introduction of a digital nomad visa has opened a niche market for long-term rentals and co-living spaces by non EU, EEA residents who wish to experience living in Greece for a period up to 12 months.

Global challenges such as inflation, geopolitical tensions, rising construction costs and monetary tightening have moderated some investment momentum but have not derailed the overall positive trajectory in Greece. The Greek luxury residential market is poised for
continued growth, particularly as tourism and global investment trends stabilize and the country capitalizes on its strategic location, cultural appeal, and improving economic conditions. On going efforts to modernize infrastructure and enhance sustainability will likely
boost the market’s attractiveness further. The segment’s resilience and adaptability underline its position as a key driver of Greece’s real estate sector.

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