Greece has great popularity among investors due to the numerous investment options it offers to suit their preferences and needs. Each city in Greece, including many of its islands, differs in terms of investment opportunities and diverse real estate purchasing options, ranging from prices to expected profit percentages from the investment, in addition to variations in the services provided by these cities.
Furthermore, the latest research conducted by real estate experts has revealed the top five cities that offer you the best investment opportunities in the Greek real estate market, along with the best regions that provide the highest financial returns achievable from your investment for the year 2022, which are as follows:
Athens has been ranked as the second-best city for real estate investment in a list that includes 17 European cities for this year. Competitive property prices are among the reasons that make investors purchase homes in Athens, with the average price of a furnished apartment with a living room and two bedrooms being around 250,000 euros.
Athens offers a rich cultural environment that possesses a perfect blend of the past and the present. Additionally, its location and connectivity to the rest of Europe make it an ideal tourist destination, It also provides a comfortable lifestyle due to its cost of living and its advanced transportation network and modern infrastructure.
Thessaloniki is the second-largest city in Greece and the most populous and popular one, It is considered a preferred destination for those seeking permanent residence, and housing prices are significantly lower than in Athens, with two-bedroom apartment prices ranging between 150,000-200,000 euros.
Thessaloniki is suitable not only for those looking for comfort but also for families with children. The city is home to many educational institutions, including Aristotle University, It regularly hosts international exhibitions, festivals, and cultural events, so there are always plenty of diverse entertainment options available.
This city has great popularity, especially among tourists, and is renowned for its numerous resorts scattered near its sandy beaches surrounded by pine forests. Real estate in Kallithea is more expensive than in Thessaloniki, with one bedroom coastal apartments ranging from 50,000 to 70,000 euros.
The city of Larissa is located 120 km southwest of Thessaloniki, and there is an international airport about 70 km away from it. Larissa serves as a tourism hub, attracting tourists for its moderate climate, natural landscapes, and lower cost of living.
The city also boasts advanced transportation connections to several European countries, and real estate prices in Larissa for a 3-4 bedroom property range between 150,000 and 200,000 euros, You can find apartments priced at 450 euros per square meter in the city center.
Life on the island of Crete, the largest Greek island, differs significantly from other Greek cities, This is mainly due to the fact that Crete’s economy relies almost entirely on tourism. The available infrastructure, coastal resorts, fantastic hotels, and beautiful natural landscapes have made the island a sought-after destination for real estate investment. English is widely spoken on the island, and property prices in Crete start at 1,150 euros per square meter.
As for the best cities that offer investment opportunities with the potential for high financial returns, the semi-peninsula of Chalkidiki comes at the top of the list as one of the most developed regions in Greece, with potential returns of up to 21.3%.
Following Chalkidiki is the city of Florina, located on the northern border of Greece, offering the second-highest profit margin of up to 11.7%. Meanwhile, Karditsa, situated in the heart of the country, provides an average return of up to 10%.
The city of Kozani offers a return of up to 9.3%, and other cities like Larissa, Cyclades, Magnesia, Aetolia, and Acarnania are among the strongest cities providing the best returns for those looking to invest in the Greek real estate market, with a rate of 8%.
In Reach Real Estate, we have sufficient experience and knowledge in the field of real estate in our branches around the world. If you are interested in real estate investment options in Europe, get your free consultation and contact us via the link here.