kathimerini.gr
EU Investment in Greek Real Estate Soars
Driven by significantly lower prices compared to other European countries, EU citizens, particularly from the Netherlands and Belgium, are heavily investing in Greek properties; this trend is accelerating in 2025, with sales up sharply compared to 2024.
- What are the key differences in investment motivations between Dutch/Belgian and German/French buyers in the Greek real estate market?
- The increase is particularly notable for Dutch (+91%), Belgian (+103%), and German (+64%) buyers. Most seek properties costing €250,000-€600,000, with the majority between €350,000 and €450,000. The Dutch and Belgians are the most active investors, with roughly half aiming for rental income.
- What is the primary driver of the significant increase in foreign investment in Greek real estate, and what are its immediate consequences?
- EU citizens are driving a surge in foreign investment in Greek real estate, a trend that started in 2024 despite economic headwinds and rising interest rates. This year, it's accelerating due to easing monetary policy. Elxis-At Home in Greece reports a sharp increase in sales to foreigners during the first four months of 2025, compared to the same period in 2024.
- How might evolving macroeconomic conditions and shifts in European real estate prices influence the level of foreign investment in Greek properties over the next few years?
- This trend reflects the higher cost of real estate in other EU countries. A comparable villa in Crete costs €350,000, while an Amsterdam apartment can cost €800,000. This price disparity, coupled with easing monetary policy, is expected to sustain this investment flow into the Greek market. The Greek market offers better value for money compared to other European countries.
Cognitive Concepts
Framing Bias
The article frames the increase in foreign investment in Greek real estate positively, emphasizing the significant growth percentages and the attractive pricing compared to other European countries. The headline and introduction contribute to this positive framing, potentially downplaying any potential challenges or negative aspects of this trend.
Language Bias
The language used is generally neutral, though phrases like "boom" and "surge" in describing investment could be seen as slightly loaded. The comparison of prices is presented in a way that favors the Greek market, which could be seen as subtly biased. More neutral alternatives would include using more descriptive and factual language.
Bias by Omission
The analysis focuses heavily on data from one company, Elxis, potentially overlooking other perspectives or trends in the Greek real estate market. While data from the Bank of Greece is mentioned, a broader analysis incorporating data from multiple sources would strengthen the article's objectivity.
False Dichotomy
The article presents a somewhat simplified view by contrasting the affordability of Greek properties with those in Amsterdam. While this highlights a key selling point, it doesn't fully address the diversity of the Greek real estate market or the range of property types and prices available in other European cities.
Sustainable Development Goals
The increase in real estate investments in Greece by EU citizens stimulates economic growth, creates jobs in the construction and tourism sectors, and boosts local economies in areas where properties are purchased. The influx of foreign investment contributes to increased tax revenue for the Greek government, which can be used to fund public services and infrastructure projects. The article highlights significant increases in sales to Dutch (+91%), Belgian (+103%), and German (+64%) buyers, directly impacting employment and economic activity.