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REAL ESTATE MARKET IN GREECE omase.gr

REAL ESTATE MARKET IN GREECE www.omase.gr. By Harry Zepidis Real Estate Agent - Athens. WHY SHOULD ONE INVEST IN GREECE?. PLEASANT CLIMATE ENJOY A VARIETY OF SCENARY GREEK HOSPITALITY High quality of service. Industrial buildings.

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REAL ESTATE MARKET IN GREECE omase.gr

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  1. REAL ESTATE MARKET IN GREECEwww.omase.gr By Harry Zepidis Real Estate Agent - Athens

  2. WHY SHOULD ONE INVEST IN GREECE? • PLEASANT CLIMATE • ENJOY A VARIETY OF SCENARY • GREEK HOSPITALITY • High quality of service

  3. Industrial buildings • Greece had not been highly developed on an industrial level. Thus there is a minimum availability of standardized industrial buildings

  4. Tendencies of land for industrial use • Modern Manufacturing materials • High antiseismic constructions • Possibilities of environmental friendly technology are adopted

  5. also • Managing services of high quality • Technical services by experts

  6. GREEKS • Usually (80%) live in houses of their own • Tend to offer their older residence for rent, in order to buy a new modern house with a loan • They are not in debt as other Europeans

  7. bank interests • remain stable at low rates • provide stability to the selling prices • The credit system tends to finance residence buying

  8. Athens Zapphire thee, the ring of the earth est thou Kostis Palamas (great greek poet)

  9. Cheap and expensive areas

  10. Cheap and expensive areas in Athens Expensive • Near Metro stations near shopping areas Cheaper • Old buildings near industrial regions

  11. The last five years • Have been characterized by economical growth, with the exception of last year when the prices fell to 15%

  12. WHY INVESTORS HESITATE? Bureaucracy in the civil services Instability of the tax system

  13. FIRES • 2007 August: Peloponnese (230.000 hectares of wood, 40.000 hectares of agricultural land) • 2009 August: Attica 21.300 hectares of woods 65 houses

  14. Greece is renewing and becoming stronger

  15. After the 2004 Olympics • Big public works • High ways as Attiki odos, Egnatia, Ionian, Northern Crete and Pelloponise motor ways • Opportunities for new investors in a small, well known country

  16. Offices in the center of Athens • The few old traditional buildings offered in the center are expensive but extremely popular

  17. TENDENCY OF THE MARKET

  18. Regions Expensive Islands • Myconos • Santorini • Corfu Foreseeing development increasing areas • Macedonia • Pelloponise • Epirus

  19. Invest in a hotel Great variety of sizes • Cyclades, Crete, Eptanisa, Chalkidiki, Athens • From 20 bed capacity to 500 • Return of invested capital within 10 years

  20. www.omase.gr

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