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Latest figures show huge increase in foreign capital buying properties in Greece

They expect much higher revenues from tourism

Newsroom April 11 11:57

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According to the latest data published by the Bank of Greece on Wednesday, the foreign capital flowing into the country to buy properties in January 2019 showed a staggering increase of 155.7 percent over the same month in 2018.

This comes after a whopping 205.5 percent increase which was recorded one year earlier, in January of 2018, compared with the same month of 2017.

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This spectacular boom shows that foreign investors are extraordinarily interested in buying apartments and houses in Greece, as they expect much higher revenues from tourism.

However, apart from the short-term renting industry, the investors are choosing Greece as the country’s economy becomes stronger and more stable after years of financial crisis and instability.

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