NPL&REO News

Second home sales jump by 54% in Greek islands

Holiday home transactions on selected islands of the Cyclades recorded a 54% annual increase in the first half of the year, according to an analysis of data from the Property Transaction Value Register of the Finance Ministry’s General Secretariat of Information Systems.

The majority of buyers originated from other countries and that some of sought not only to acquire a holiday home in Greece but also to secure a residence permit for non-European Union citizens (Golden Visa).

Bank of Greece data for the first quarter of the year show a 130% year-on-year growth rate in capital inflows from abroad for the acquisition of properties.

Original Story:Ekathimerini | Nikos Roussanoglou
Photo: Toomas Järvet for FreeImages
Edition:Prime Yield

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