A recent survey released from the award-winning forex trading platform ProfitLevel showed that Athens offers the second fastest amortization of real estate investment among 17 European cities. In other words, property investors will pay-off their investments in the Greek capital in just 17.66 years.
|Period for amortization of investment (years)|
|Gran Canaria (Las Palmas)||23.00|
The data is based on a number of cross-references from Numbeo.com, which has more than 100 data points even for small cities in the last 12 months. Data was collected during the week of January 10-17, 2022. The rentals recorded are in the category of one-bedroom apartments (50m2) in the city center.
“The results confirm that it may be more profitable for Central Europeans to buy an apartment for rent in Southern Europe than where they live,” said Lucia Zarska, Chief Analyst at ProfitLevel.
Little wonder that Greece has become one of the most popular yet affordable places for individuals who look for relocation or profitable investments. Many of them at the same time make use of the Greek Golden Visa program to get hold of a Greek permanent residency as well.