Chinese funds boost realty

Non-European Union citizens continued to increase their investments in Greek realty in 2023, while investments from EU countries retreated.

Bank of Greece data show that last year investments from non-EU countries reached 1.48 billion euros, marking an annual increase of 17.4% compared to 2022, when they had reached €1.26 billion. On the contrary, investments from EU countries amounted to €649 million, down 7.2% lower year-on-year.

Throughout 2023 €2.13 billion flowed into the Greek real estate market, constituting a historic high (from €1.97 billion in 2022). At the same time, the real estate market had a decisive contribution to the overall "rescue" of foreign investments in the country during 2023, as the sector's total contribution amounted to 47% of the €4.48 billion invested in Greece last year.

As in 2022, so in 2023 the largest category of buyers came...