Record foreign buys in realty
Foreign investment in the Greek real estate market, especially housing, recorded an all-time high in 2022. According to data from the Bank of Greece, 1.975 billion euros flowed into the local realty market from abroad last year. That was 68% higher than in 2021, when the corresponding amount had not exceeded €1.17 billion. At the same time, the performance of 2022 surpassed by 37% the previous record set in 2019, when foreign investments had reached €1.45 billion.
The historic performance of 2022 came thanks to the very dynamic fourth quarter, which also saw a record quarterly performance. In total, almost €700 million (€698.5 million) was invested, an amount that was 84.3% higher than the same quarter last year, when €379 million had flowed into the domestic real estate market. The next highest quarterly performance was recorded in the immediately preceding quarter (Q3 2022...
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