Aging Population in Greece: How Does It Impact the Real Estate Market?
Demographic trends in Greece are clear—an aging population, a low birth rate, and the emigration of younger generations are reshaping the country’s economy and social life. But how does this affect real estate investments? Is it worth buying properties for short- or long-term rental in Greece?
Here are the key aspects to consider:
• Risks and Opportunities for the Future:
As the local population ages, the demand for long-term rentals from Greek nationals may decrease in the future. However, this could be offset by an influx of foreign retirees and digital nomads seeking a Mediterranean lifestyle.
• The Strength of Greek Tourism:
Despite demographic challenges, Greece remains one of the world’s top tourist destinations. Short-term rentals, especially in places like Athens, Crete, or the Cyclades islands, can still generate significant income, particularly with platforms like Airbnb.
Summary:
Investing in real estate in Greece can be profitable if approached strategically. Coastal properties, those in tourist regions, or homes tailored to retirees offer promising opportunities. However, it’s important to consider potential market shifts due to the aging population and account for income tax in the case of short-term rentals.
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Source:
Immigrantinvestment.com, inwestoropa.com
