German newspaper “proposes” properties in Greece

German newspaper “proposes” properties in Greece

  • German newspaper Handelsblatt, in an examination of the global pandemic consequences, estimates a long-term increase in prices, since the good course regarding the coronavirus is now considered a criterion for tourists.

    The demand on real estate properties, according to websites and newspapers, increased at a 19,3% during April, compared to 2019, while Germany seems to be one of the countries with increased interest.

    According to Greek newspaper Kathimerini: “Since Greece recovered from the ten-year financial crisis, sufficient foreign capital exists in non-urban residencies... The timing is adequate, as mentioned by Dirk Reinhardt, attorney from MStR law, which advises German property buyers. Since buyers are not able to move and the demand is decreased for short-term leases, such as Airbnb, the prices have been compressed. ‘As a buyer, you now have to negotiate hard and buy rapidly, before the demand is increased’, as advised by the attorney. Non-urban residencies in Greece are marketable as an investment. However, governmental interventions are causing insecurity. A 40% decrease of rent payments is requested for everyone affected by the measures against coronavirus. A significant intervention in the liberty of contracts.”

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