Tranio: Greece among the top-10 most popular countries for Russian real estate buyers

Tranio analysed data from Russian search engine Yandex relating to search queries for residential real estate from Q2 2016 to Q1 2018 to find out the 10 most popular countries among its users.

Greece is one of them and is described as follows:

Interest towards property in Greece started rising about a year ago. In Q4 2016, Yandex processed only 28,000 search queries, but this figure almost doubled in the first quarter of 2018. In total, Russian nationals searched for Greek property 313,000 times in the past two years.

One of the main incentives for Russian nationals to purchase Greek property is the country's “golden visa” programme under which foreign investors who buy one or more properties totalling €250,000 or more is entitled to residency in Greece. According to Greece's official investment agency Enterprise Greece, about 400 Russian investors have received Greek golden visas between the launch of the programme and late 2017. This is one of the cheapest golden visa programmes in Europe, and in view of Greece’s economic recovery and the rapid development of its tourism industry, many foreign buyers believe that Greek property is a profitable investment. According to the Bank of Greece, the total value of transactions involving foreign nationals in the Greek property market in 2017 exceeded the 2016 figure by 87%.

Read more at tranio.com

RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations , Greek travel market, Greek tourism statistics, Greek tourism report

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