Buying Greek property makes sense

Greek real estate has regained its appeal for investors, both foreign and domestic. Last year was pivotal toward this direction, as the economy's return to growth and confidence regarding the country's position in the eurozone have boosted investment prospects and encouraged many funds to actively seek more deals in various segments. Property investment was a prime example, with direct foreign investments in real estate amounting to half a billion euros, figures compiled by the Bank of Greece show.

The 503 million euros used to buy properties in various parts of the country, in Attica as well as on the islands and other locations popular with tourists, represent an annual increase of 86.5 percent, the fastest growth rate of the last decade, in a clear indication that demand from foreigners, especially in the residential sector, has returned to pre-crisis levels. Investor...